NorthRow

KYC & onboarding for banks

Accelerate client onboarding alongside risk-based segmentation

With an industry leading low false positive rate, accurately identify high-risk customers, reduce onboarding times, and ensure full compliance with AML regulations, allowing your compliance teams to focus on critical cases.

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Join banks such as Open Banking, Triodos, Yorkshire Building Society and Banct who have reduced their client onboarding risks.

The biggest AML challenges for banks and building societies

SANCTION SCREENING AND GEOPOLITICAL TENSIONS

Driven by worldwide conflicts, banks must navigate complex and dynamic sanction regimes.

CYBER-ENABLED FRAUD AND CRYPTOCURRENCY

As cryptocurrency adoption grows, regulators are tightening rules around crypto-AML compliance.

CORPORATE TRANSPARENCY ACT (CTA) COMPLIANCE

The CTA introduces stricter reporting for beneficial ownership, increasing the due diligence burden.

CROSS-BORDER COLLABORATION

With international operations, dealing with different KYC requirements in multiple jurisdictions can be complex.

DETECTING MODERN FINANCIAL CRIME

Regulatory bodies urge banks to improve transaction monitoring to spot new methods of financial crime.

AI AND TECHNOLOGICAL ADOPTION

Integrating AI, machine learning, and blockchain into AML processes is increasingly urgent for better monitoring.

69%

report feeling regulatory pressure

14%

note a rise in AML operation costs

£40.2M*

​in FCA fines issued to banks in 2024

50%

EMEA firms find AML regulations unclear

35%

cite skilled AML staff shortages

How NorthRow helps

Accelerate onboarding and lower abandonment rates to maintain business reputation

Leverage biometric facial recognition and liveness detection for seamless automated KYC and KYB verification of international companies and individuals.

Adapt seamlessly to evolving KYC requirements

Adapt your KYC procedures to stay ahead of evolving regulatory standards, ensuring full compliance with critical requirements like the Customer Identification Program (CIP).

Optimise compliance through a Risk-Based Approach 

Address the complexities of modern financial crime with a comprehensive, risk-based AML compliance strategy tailored to meet evolving regulatory requirements.

Enhance security with targeted high-risk customer profiling

Precisely identify high-risk customers with advanced sanction list screening, effectively distinguish between varying risk levels, and strategically allocate resources accordingly. 

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Starling Banks’s situation shows how crucial it is to scale compliance systems alongside business growth. The reliance on automated screening shows the need to rigorously test and update systems regularly – something I’ve extolled to clients in the last few years.

Dale

Dale Atkinson

Regulatory Transformation Specialist, AegisNex Consulting

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Automate Onbaording

Seamless client onboarding with real-time verification

Onboard clients remotely with biometric verification and reduce false positives using a dynamic global sanctions database for faster, more accurate KYC.

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banking KYC check
KYC Simplified

Single supplier for KYC, AML, and ongoing monitoring

Verify clients’ identities while navigating complex KYC requirements across multiple jurisdictions to understand financial activities and effectively safeguard against fraud.

Upholding Standards

Streamlined audit trails and compliance reporting

Effortlessly maintain an audit trail of onboarding activities and generate compliance reports within a 3LoD framework to ensure accountability for regulators and auditors.

banking KYC KYB workflows

Impact in numbers: elevating compliance for banks

We bring together global market-leading data sources and verification technologies into a single, simple interface, accessible anywhere, any time.

< 4%

Abandonment rate

220+

Jurisdictions

500m+

Entities available

13,000

Documents supported

1.5m

Daily news articles

< 2%

False positive rate

Intuitive client classification

Benefit from fully automated client classification, suitability, appropriateness, and cross-border assessments to ensure compliance with MiFID II regulations.

Refining Client Due Diligence (CDD)

Evaluate customers’ backgrounds and associated risks to ensure KYC compliance, helping to mitigate potential threats while fostering trust in your relationships.

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Proactive ongoing monitoring 

Receive tailored, proactive alerts to monitor real-time risk status changes, including sanctions updates and adverse media, enabling swift investigation of suspicious activity.

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open banking logo

Empowering Open Banking to set the benchmark for secure management of customer financial data.

Open Banking sought a technology partner to streamline client onboarding for third-party developers accessing their network, ensuring comprehensive verification checks to maintain the highest security standards.

Read their story

Banking FAQs

For all of your burning questions, take a look at our FAQs. Can’t find the answer to your question? Feel free to contact us directly and we’ll be happy to help.
What data providers do you use?

NorthRow integrates with lots of renowned global data providers, corporate registries and premium data sources, providing unrivalled access to the data your business needs.

Our key data providers are as follows:

Dun & Bradstreet who are leading company data and UBO database specialists, featuring over 500 million global company entities.

Lexis Nexis is our core provider of UK identity and address validation data, such as credit reference agency and electoral register data.

Acuris (often referred to as C6), is our core provider of risk data. Specifically for PEPs, sanctions and adverse media.

Creditsafe is our supplier for KYB/company data. Often used for corporate ownership and structure information. This includes company directors, shareholders and other interested parties as well as where a company is based and its business activities to help support identification of UBOs.

More information can be be found here.

What do you do with our data?
At NorthRow we take security very seriously, we adhere to the highest, rigorous standards for data, privacy and security compliance. The data you send us is only used to verify your client’s identities and businesses. We never use it for any other purpose. We send it to third parties to complete the checks, and we can share our list of sub-processors with you so that you have full transparency of how your data is used.
Where is our data held?
Our products are tested continuously throughout our development process by a team of internal QA engineers. In addition to the application testing we regularly scan for vulnerabilities using third party services and undertake annual detailed penetration testing. We continually monitor new vulnerabilities and proactively work to ensure that we are protected.
How do you test your services?
Our products are tested continuously throughout our development process by a team of internal QA engineers. In addition to the application testing we regularly scan for vulnerabilities using third party services and undertake annual detailed penetration testing. We continually monitor new vulnerabilities and proactively work to ensure that we are protected.
What about service availability?
NorthRow makes use of the Amazon Web Services and Microsoft Azure to ensure we do not have a single point of failure in our architecture. All the data we hold and the services we provide are backed up at regular intervals to protect against disruption or loss of data.
What support is included?

From the moment we work together we hold your hand throughout the implementation process and continue through to ‘go live’.

Excellent customer service and continued support are all part of partnering with NorthRow. You can always email our support team on support@northrow.com if you have any queries.

All Premium and Enterprise package customers receive a dedicated account manager who will keep in touch to ensure you get the most out of our software.

How fast can I be up and running?
Typically, we get our clients live within 14 days of them signing a contract.

We’ve worked with hundreds of regulated businesses. Let’s work together.

Book your free demo of our ID&V, KYC, KYB, and AML compliance solution and discover how we’ve turned compliance into a competitive advantage for companies like Knight Frank, CloudPay, and Yorkshire Building Society.

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