How well do you know your Ultimate Beneficial Owners (UBOs)? The rise of sophisticated ownership structures has made it harder than ever for compliance teams to pinpoint who truly owns or controls an entity. Our new infographic breaks down the … Read More
Author Archives: Chris Bourne
Overcoming global data challenges in KYB
Financial Institutions’ Know Your Business (KYB) data requirements are stringent but necessary in the context of our multi-trillion dollar global financial crime problem. This data help institutions understand their clients’ motives, allowing them to rule out, within a reasonable margin of error (risk tolerance), the likelihood that a corporation is being used for illicit activities. … Read More
Boosting application volume with KYB technology for lending firms
Implementing KYB (Know Your Business) technology can have a significant impact on the application volume of lending firms. By leveraging KYB technology, lenders can streamline their onboarding process and make it more efficient, resulting in a higher number of applications. … Read More
Maximising efficiency: The KYB process explained
The KYB (Know Your Business) process refers to the procedures and checks that businesses undertake to verify the identity and legitimacy of their customers or business partners. It involves gathering information and conducting due diligence to ensure compliance with regulations and mitigate risks. … Read More
Facial recognition software explained
Facial recognition software is used to verify a person’s identity based on their facial features – but what exactly is it? … Read More
What is an MLRO?
Money Laundering Reporting Officers (MLRO) oversee a firm’s compliance with anti-money laundering and terrorist financing requirements. … Read More
5 ways to help prevent financial crime
Organisations from all industries from around the world are facing ever-increasing challenges to prevent financial crime and other fraudulent actions taking place. Fraudsters are constantly evolving their techniques and target the weaknesses in processes. One process weakness could affect an … Read More
International company coverage brochure
NorthRow’s breadth of international company coverage is greater than that offered by any single data supplier, and we are one of the very few UK- based firms that has an intelligence-sharing agreement with law enforcement agencies. … Read More
Client onboarding brochure
NorthRow’s company and individual onboarding solutions enhance customer experience, increase sales and improve regulatory compliance. … Read More
12 Benefits of Using KYC Software
Faster, easier and lower-cost digital channels have been adopted by regulated organisations to achieve new business growth. However, current regulatory requirements create a complex landscape, particularly when it comes to delivering the convenience of signing up through digital channels and the business is still using manual processes for Know Your Customer (KYC) identity verification. … Read More