Implementing automated KYC and AML compliance software helps businesses stay compliant, manage workflows efficiently, reduce human error, save time, improve security, and ensure real-time compliance while enhancing customer experience. … Read More
KYC
KYC onboarding in a hybrid world
Keeping up with the volume of regulatory change has been a major challenge for financial businesses over the last few years. A situation that has been accelerated by the Covid-19 pandemic and the greater adoption of digital, remote and hybrid … Read More
5 essential steps for KYC onboarding and AML compliance
KYC onboarding costs firms $28.5M annually, yet money laundering exceeds $800B globally. Effective digital KYC tools streamline compliance, enhance due diligence, and mitigate regulatory risks. … Read More
Why is the KYC process important?
KYC (Know Your Customer) processes are the fundamental building blocks of any regulated entity’s AML (Anti-Money Laundering) process. Being confident that you know who you are doing business with, from day one of the relationship, is the first step to … 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
What is client due diligence (CDD) and how does it work?
Client Due Diligence (CDD) is essential for regulated entities to assess customer risks, ensure compliance with AML/KYC regulations, and mitigate financial crime. Automated solutions streamline onboarding, monitoring, and remediation processes, enhancing efficiency and regulatory compliance. … Read More
Adverse media screening for AML compliance
Adverse media screening helps identify customers linked to criminal activity, reducing financial, reputational, and regulatory risks. Automated tools enhance compliance by scanning global news, databases, and regulatory sources for potential threats. … Read More
How to replace manual client onboarding with automated KYC/KYB
There has been rapid digital growth over the last two years, accelerated by the global pandemic. Consumers’ expectations are now higher than ever, and their patience is reducing – they expect to sign up or be onboarded instantaneously. They also … Read More
Spotting The Signs Of Money Laundering in Property Transactions
Firms from across the real estate sector were fined £190,000+ in 2021 for failing to comply with money laundering regulations. In information publicly available from HMRC, with the highest fine a crippling £52,000. With penalties being issued for failures in … Read More
NorthRow brochure
NorthRow significantly reduces the administrative overheads associated with regulatory requirements, providing the ability to add workflows, automation and application integration to your processes. … Read More