NorthRow is a UK-based RegTech company specializing in anti-money laundering (AML) compliance solutions. Their platform is designed to streamline client onboarding, automate compliance processes, and reduce financial crime risk for regulated businesses.
NorthRow offers a comprehensive suite of AML compliance tools, including:
Know Your Business (KYB): Automates business verification, including Ultimate Beneficial Owner (UBO) identification.
Know Your Customer (KYC): Facilitates individual identity verification with biometric checks and document validation.
Digital Identity Verification: Supports over 13,000 document types across 220+ jurisdictions.
Ongoing Monitoring: Provides real-time alerts for changes in client risk profiles, such as sanctions or adverse media.
Customer Remediation: Streamlines the process of updating and correcting client information to maintain compliance.
Right to Work Checks: Verifies employment eligibility in accordance with legal requirements.
RemoteVerify: Enables remote client onboarding with facial recognition and liveness detection technology.
WorkStation: A centralized platform for managing compliance workflows and case management.
NorthRow serves a diverse range of industries, including:
Financial Services: Banks, fintechs, payment service providers, investment firms, and cryptocurrency exchanges.
Property Sector: Estate agents and property management companies.
Professional Services: Legal firms, accountancies, and insurance companies.
People Services: Recruitment agencies and hospitality businesses.
Other Sectors: eCommerce, retail, art market participants, high-value dealers, and logistics companies.
Comprehensive Data Coverage: Access to global data sources for thorough verification processes.
High Automation Rates: Achieves up to 95% auto-decision rates, reducing manual workload.
Low False Positive Rate: Maintains a false positive rate below 2%, enhancing efficiency.
Flexible Integration: Offers API integration for seamless adoption into existing systems.
Regulatory Compliance: Aligns with UK and international AML regulations, ensuring up-to-date compliance.
Customer Support: Provides dedicated support and consultancy during implementation and beyond.
