NorthRow

KYC and fraud for e-commerce

Boosting e-commerce with KYC and fraud prevention

By automating compliance checks, integrating biometric technology, and mitigating potential risks proactively, NorthRow provides a scalable solution to support the growing demands of the e-commerce sector.

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Coverage
eCommerce KYC verification

Join other e-commerce companies such as PepCo who verify their suppliers and mitigate potential onboarding risks.

The biggest AML challenges for the e-commerce market

FRAUD AND CYBERSECURITY THREATS

eCommerce businesses face escalating risks from payment fraud, account takeovers, and cyberattacks.

EVOLVING REGULATORY FRAMEWORKS

Stricter AML directives, including the EU’s 6AMLD and the U.S. CTA, demands enhanced compliance programs.

CRYPTOCURRENCY RISKS

The rise of cryptocurrencies in eCommerce presents challenges in detecting money laundering.

CUSTOMER VERIFICATION AND DIGITAL IDENTITY

Leveraging advanced solutions like biometric authentication is key to preventing fraud.​

DATA PRIVACY AND MONITORING BALANCE

Balancing AML monitoring with data privacy regulations, like GDPR, is challenging.

GLOBAL EXPANSION COMPLICATIONS

Expanding internationally requires adapting to diverse regulations, such as managing cross-border logistics.

£3.3T

projected retail e-comm sales in 2024

869,000

new online stores created in Q1 2024

80%

of retail website visits are from mCommerce

£378 BN

subscription e-comm market by 2025

£265 BN

in online payment fraud by 2027

How NorthRow helps

Optimising AML Processes to support eCommerce growth, fraud prevention, and compliance goals

With real-time monitoring, automated compliance checks, and biometric technology,  businesses can manage AML risks and ensure regulatory compliance with less manual effort.

Fraud prevention with seamless identity verification

Prevent fraud without hindering customer experience by leveraging intelligent, configurable identity verification that seamlessly integrates into your eCommerce flow.

Automated compliance with global AML coverage

Ensure full compliance with global AML regulations through automated, adaptable checks across multiple watchlist sources designed to meet the most rigorous requirements.

Real-time monitoring for enhanced due diligence

Easily meet Enhanced Due Diligence obligations by using continuous monitoring that provides real-time updates on client statuses, safeguarding against evolving risks.

ecommerce screen

Unfortunately, fraud is everywhere at the moment, so understanding where your risks lie and what mitigations you have in place is crucial, as the impact is beyond devastating. It doesn’t just affect employees; it impacts your supply chain and everyone involved with the company.

ecommerce fraud expert

Robert Brooker

Director Opus Forensic Accounting

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Effortless Onboarding

Simplified compliance with automated risk management

Combine KYC and AML checks into the onboarding process, enabling seamless risk detection from the start whilst quickly verifying clients with the latest biometric technology.

payment services KYC workflow
KYB risk appetite and rules
Risk Mitigation

Maximise operational efficiency with CDD/EDD oversight

Streamline CDD/EDD workflows, simplifying the assessment of client risks, promoting informed decisions with ongoing monitoring of client status.

Regulatory Adherence

Improve compliance programs to meet regulatory frameworks

Automated monitoring ensures e-commerce businesses comply with strict regulations like the FATF guidelines. This simplifies compliance and reducing the risk of penalties.

customer monitoring KYC check

Impact in numbers: elevating compliance for e-commerce 

We bring together global market-leading data sources and verification technologies into a single, simple interface, accessible anywhere, any time.

< 4%

Abandonment rate

220+

Jurisdictions

500m+

Entities available

13,000

Documents supported

1.5m

Daily news articles

< 2%

False positive rate

Cross-border compliance

Streamline the process of navigating complex global regulations, allowing for seamless expansion into new markets while ensuring compliance with local laws.

Secure identity verification

Quickly verify identities, reducing the likelihood of fraudulent transactions while providing a smooth, secure customer experience that doesn’t sacrifice convenience.

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Dynamic decision-making

Make data-driven decisions on whether to proceed with transactions or flag activities for further review, ensuring they solve potential fraud or compliance issues.

credit cards
open banking logo

Helping CloudPay slash validation times from days to minutes, enabling rapid service expansion.

Open Banking sought a technology partner to streamline client onboarding for third-party developers accessing their network, ensuring comprehensive verification checks to maintain the highest security standards.

Read their story

E-commerce FAQs

For all of your burning questions, take a look at our FAQs. Can’t find the answer to your question? Feel free to contact us directly and we’ll be happy to help.
What data providers do you use?

NorthRow integrates with lots of renowned global data providers, corporate registries and premium data sources, providing unrivalled access to the data your business needs.

Our key data providers are as follows:

Dun & Bradstreet who are leading company data and UBO database specialists, featuring over 500 million global company entities.

Lexis Nexis is our core provider of UK identity and address validation data, such as credit reference agency and electoral register data.

Acuris (often referred to as C6), is our core provider of risk data. Specifically for PEPs, sanctions and adverse media.

Creditsafe is our supplier for KYB/company data. Often used for corporate ownership and structure information. This includes company directors, shareholders and other interested parties as well as where a company is based and its business activities to help support identification of UBOs.

More information can be be found here.

What do you do with our data?
At NorthRow we take security very seriously, we adhere to the highest, rigorous standards for data, privacy and security compliance. The data you send us is only used to verify your client’s identities and businesses. We never use it for any other purpose. We send it to third parties to complete the checks, and we can share our list of sub-processors with you so that you have full transparency of how your data is used.
Where is our data held?
Our products are tested continuously throughout our development process by a team of internal QA engineers. In addition to the application testing we regularly scan for vulnerabilities using third party services and undertake annual detailed penetration testing. We continually monitor new vulnerabilities and proactively work to ensure that we are protected.
How do you test your services?
Our products are tested continuously throughout our development process by a team of internal QA engineers. In addition to the application testing we regularly scan for vulnerabilities using third party services and undertake annual detailed penetration testing. We continually monitor new vulnerabilities and proactively work to ensure that we are protected.
What about service availability?
NorthRow makes use of the Amazon Web Services and Microsoft Azure to ensure we do not have a single point of failure in our architecture. All the data we hold and the services we provide are backed up at regular intervals to protect against disruption or loss of data.
What support is included?

From the moment we work together we hold your hand throughout the implementation process and continue through to ‘go live’.

Excellent customer service and continued support are all part of partnering with NorthRow. You can always email our support team on support@northrow.com if you have any queries.

All Premium and Enterprise package customers receive a dedicated account manager who will keep in touch to ensure you get the most out of our software.

How fast can I be up and running?
Typically, we get our clients live within 14 days of them signing a contract.

We’ve worked with hundreds of regulated businesses. Let’s work together.

Book your free demo of our ID&V, KYC, KYB, and AML compliance solution and discover how we’ve turned compliance into a competitive advantage for companies like Knight Frank, CloudPay, and Yorkshire Building Society.

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