Customer identity and verification (ID&V) processes are a critical part of compliance for regulated businesses. These checks are designed not only to meet regulatory requirements but also to protect businesses from fraud, secure customer information, and improve the overall user … Read More
Identity verification
Remote onboarding made easy: Vet and verify directors in 5 steps
Learn how to simplify remote onboarding with a 5-step director verification process. Streamline compliance, reduce risks, and ensure secure onboarding from anywhere. … Read More
Remote director verification for KYB: What compliance teams need to know
The rise of digital business has reshaped how companies approach compliance, particularly in verifying the identities of directors during Know Your Business (KYB) checks. As regulatory expectations grow and financial criminals grow more sophisticated, verifying the identity and legitimacy of … Read More
NorthRow partners with IDVerse
NorthRow partners with IDVerse to streamline onboarding and compliance with advanced AI-powered identity verification NorthRow, the leader in Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) software, has today announced its partnership with IDVerse, the specialists … 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
5 things to consider when choosing right to work software
In today’s fast-paced business environment, HR and hiring managers increasingly rely on technology to streamline their processes and improve overall efficiency. With digital right to work software, the entire recruitment and onboarding process can be dramatically improved, meaning your employees … Read More
5 benefits of online ID document verification in a digital age
ID document verification is an essential part of KYC onboarding, as well as when employers are verifying employee right to work ID&V. It’s a process that ensures a person is who they are claiming to be when required to open … Read More
Right to work software: 7 reasons to adopt & factors to consider
From October 1st 2022, new UK legislation came into effect for how businesses check their employees’ Right to Work. The new UK Digital Identity and Attributes Trust framework from the DCMS (Department for Culture, Media and Sport) states that businesses are only able to hire applicants by meeting them face-to-face; by using technology for ID validation; or the Home Office online service, to check onboarding documents. … Read More
What is the difference between a Beneficial Owner and an Ultimate Beneficial Owner of a company?
What is a Beneficial Owner of a company? Beneficial ownership is distinguished from legal ownership, though in most cases, the legal and beneficial owners are one and the same. Legally, an ownership can be classified into two; (1) legal and … Read More