NorthRow

Navigating risk for wealth management firms

Manage complex client risk profiles for HNW and UHNW individuals

Conquer complex corporate structures that make assessing and monitoring risk highly challenging. Implement dynamic AML processes to ensure ongoing due diligence, accurate risk assessments, and compliance with global regulations.

Request Demo
Coverage
wealth management risk appetite KYC KYB
Join wealth management firms such as WBR Group, Sharegain and Umbra Capital who are managing complex client risk profiles.

The biggest AML challenges for wealth management firms

NAVIGATING REGULATORY REQUIREMENTS

Demands increase on firms to track beneficial ownership and meet cross-border compliance obligations.

MEETING DIGITAL TRANSFORMATION EXPECTATIONS

AI can improve client onboarding and AML detection, but implementing these tools poses challenges.

MAINTAINING DATA ACCURACY AND SECURITY

Wealth management firms often struggle with fragmented, outdated data systems.

ADAPTING TO CHANGING CLIENT EXPECTATIONS

Clients favour firms that prioritise ESG investments, demanding transparency and ethical management.

CONTINUOUS CLIENT MONITORING

Real-time monitoring is crucial to identify suspicious activity throughout the client relationship.

CLIENT RISK ASSESSMENT STRATEGIES

Proactive client risk assessment strategies involve utilising advanced functionality to mitigate potential risks.

5.1%

HNWI population growth globally

60%

of WM firms plan for digital transformation

Q1 2024

79 WM deals announced

75%

of WM firms report increasing competition

55%

of WM clients seek aligned ESG criteria 

How NorthRow helps

Optimise AML compliance processes and streamline risk management for regulatory success

Enhance your wealth management risk policy and minimise the reliance on manual compliance processes, ensuring efficient alignment with regulatory standards.

Flag risks instantly with ongoing customer monitoring 

Continuously assess customer behaviour to identify potential risks by flagging suspicious activities in real-time, enabling proactive management and ensuring regulatory compliance.

Create a high-level customer experience and journey 

Create a seamless, personalised experience that ensures accelerated onboarding by reducing the number of alerts and false positives while lowering manual workload.

Align KYC and AML processes with industry standards

Simplify regulatory compliance with comprehensive, automated KYC and AML checks that align with frameworks like MiFID II, fiduciary duty, and global industry standards.

wealth management on computer

If a firm invests everything into its onboarding process and not enough into continuous monitoring, it’s never going to work. In this current world, criminals are so good at preparing their surrounding environment to make everything look fantastic on paper.

wealth management expert

Graham Barrow 

Director of The Dark Money Files

Request Demo
KYC Compliance

Supercharge onboarding with automated KYC and compliance

Remove repetitive processes across siloed data by introducing workflows that streamline onboarding and reduce the backlog of traditional KYC periodic review cycles.

KYC onboarding process
banking KYC check
Intelligent Detection

Advanced screening to reduce false positives and save valuable time

Simplify compliance with fewer alerts, consolidated customer profiles, and improved risk assessments, reducing manual work and false positives.

Precise Verification

Unlock detailed financial and UBO insights with ease

Efficient KYB onboarding for your corporate customers that screens financial and shareholder information, as well as UBO details for even the most complex of structures.

KYB verification

Impact in numbers: elevating compliance for WM firms

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

See Every Risk Angle 

Gain comprehensive insight into client activities by identifying business locations, screening for PEPs, sanctions, adverse media, and beneficial ownership details.

Efficient Compliance Automation

Automated workflows reduce human error and ensure compliant risk assessments, providing consistent audit trails that strengthen regulatory compliance.

Request Demo

Instant, Secure Onboarding

Reduce client onboarding from days to minutes with fast, secure verification services accessible anywhere alongside the highest security standards.

wealth management
blend network

Providing Blend Network with streamlined client onboarding and outstanding due diligence.

Blend Network chose NorthRow to provide a secure, compliant, and fast onboarding process to verify both lenders and borrowers, helping to safeguard their clients’ integrity while meeting the most stringent AML regulations.

Read their story

Wealth management 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.

Request Demo
Packages