Unravel the complexities of Ultimate Beneficial Owners (UBOs) with our infographic, exploring challenges in identifying true ownership amid layered structures, jurisdictional gaps, and hidden risks like PEPs or sanctions. … 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
Automating the KYB process offers a transformative solution for organisations looking to streamline operations and enhance their due diligence efforts. By embracing automation, businesses can not only save time and reduce human error but also scale their operations effectively while maintaining the quality of their compliance efforts. … 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?
An MLRO ensures compliance with AML regulations, monitors suspicious activities, reports to authorities, and manages internal AML policies. The role differs from a compliance officer, focusing specifically on anti-money laundering. … Read More
5 ways to help prevent financial crime
Organizations worldwide face increasing challenges to prevent financial crime, with fraudsters evolving their techniques. Implementing strong internal controls, regular risk assessments, and robust KYC, KYB, and AML policies are key to combating fraud and financial crime. … 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