Efficient and ‘friction-free’ client onboarding is the key to customer engagement for any regulated business, but the need to balance this against the demands of the regulators is critical. … Read More
MiFIDII
Configurable Risk-Based Regulatory Rules Engine
The ever-evolving regulatory landscape in which firms operate in means client risk management is becoming more complex and time-consuming, ultimately impinging on the overall customer experience. To simplify the complexity of KYC onboarding and monitoring an agile risk-based rules engine is the answer.
In this blog, we discuss why a highly configurable rules engine is critical to the customer experience, operational efficiency and future-proofing of your compliance processes. … Read More
All-Time Spike in Commercial Lending: Minimise Your Risk and Ensure Profitable Lending
Commercial lending firms are bracing themselves for an increase in bad debt as the fallout from Covid-19 continues apace. In this blog we explore how lenders can minimise their risk and navigate their way to more profitable lending. … Read More
How FinTechs Are Transforming SME Lending
The unprecedented uncertainty caused by the pandemic is having a profound impact on SMEs around the globe. Lenders must ensure they deliver funds quickly and efficiently to help ensure the survival of small businesses. With lockdown measures still in place for many, we how lenders can deliver faster funding for SMEs during the coronavirus (COVID-19) crisis. … Read More
5th Anti-Money Laundering Directive: Do We Need Rules or a Flexible Approach?
Customers want the convenience of opening a bank account in minutes from a mobile phone, and firms need to efficiently respond to this increasing customer demand for remote onboarding. These same firms are also beginning to see opportunities arise with the advent of Open Banking and PSD2. NorthRow offers innovative remote onboarding solutions to help financial firms with their complex compliance, identity and security demands, simplifying client onboarding via a single API. Learn more now. … Read More
Acceleration to Secure, Remote Customer Onboarding
Customers want the convenience of opening a bank account in minutes from a mobile phone, and firms need to efficiently respond to this increasing customer demand for remote onboarding. These same firms are also beginning to see opportunities arise with the advent of Open Banking and PSD2. NorthRow offers innovative remote onboarding solutions to help financial firms with their complex compliance, identity and security demands, simplifying client onboarding via a single API. … Read More
Top Compliance Trends You Need to Know for 2019
Money-laundering and compliance failures within large banks and institutions dominated the financial news in 2018. To help you not fall foul of the regulations in 2019, we have gathered a list of top 9 compliance trends this year and how they may impact how you do business. … Read More
Client Suitability & Appropriateness
Whether a financial institution is offering investment advice, portfolio management or providing non-advice services such as execution-only services, the relevant suitability and/or appropriateness checks must always be carried out. NorthRow has partnered with muinmos to automate client suitability and appropriateness checks. … Read More