Blog
As part of our week-long celebration of UK FinTech Week, we took to the (virtual) streets to find out what makes the UK one of the best locations for fintechs
Published: 15th April 2024
By Natalie Davies
Blasting off UK FinTech Week in style
It’s not just about cool rockets; it’s about revolutionising finance. Through global fintech bridges, we connect continents, shaping the industry’s future.
A message from our CEO.
"The UK’s fintech scene is a magnet for investment, drawing in billions of pounds, and nurturing unicorns such as Revolut, FNZ, Checkout.com, Wise, Rapyd, SumUp and of course BlockChain.com, eToro and OakNorth. The UK is now recognised across the world as a leading destination for fintech investment. At its core, the UK’s fintech success is driven by a diverse and skilled talent pool, enriched by global perspectives. It is rightly recognised as home to a vast pool of global talent."
Blogs and resources
Blog
Financial inclusion is a critical part of economic development and social progress, and its implications are profound, impacting every corner of society from individual prosperity to national economic stability.
Published: 17th April 2024
By Natalie Davies
Ask the experts
What other FinTech leaders have to say.
As part of our week-long celebration of UK FinTech Week, we took to the (virtual) streets to find out what makes the UK one of the best locations for fintechs and where the landscape is heading.
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"One of the strongest factors is the UK’s access to diverse talent pools, both locally and internationally, which continues to fuel innovation and diversity within the sector. As the industry has continued to evolve and develop, it has welcomed new and innovative businesses to also take up location here and provide support and encouragement for growth."
Raf De Kimpe
CEO, Fintech Week London
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"Despite geopolitical and economic challenges, there are ‘glimmers of a tide change’ on the path to a more prosperous future. With these solid foundations in the UK’s infrastructure, ecosystem, investment and policymakers, it will continue to be a great place for fintech."
Nadia Edwards-Dashti
Chief Customer Officer, Harrington Starr
How we help
Fintech companies continue to evolve at speed.
Automate your compliance processes and allow customers to self-onboard with real-time insights delivered to your compliance team to satisfy KYC, KYB and AML requirements. Removing costly manual reviews will allow you to spend more time growing your business.
KYC and KYB Screening
Conduct comprehensive AML screening on individuals and businesses.
Case management solution
Group checks into easy-access cases with a risk rating for each portfolio.
ID&V and Right to Work
Carry out comprehensive identity and document verification checks remotely.
AML compliance
Keep track of potential risks to ensure ongoing AML compliance.
Ongoing monitoring
Automated alerts notify you of any risk profile changes to both companies and individuals.
Remediation
Meet your KYC obligations and be confident that your customer data is up-to-date.
Leading data providers
Global individual and company data coverage.
Create complete risk profiles for individuals and businesses with data from unrivalled global sources covering over 200 jurisdictions.
1bn+
Entities available
220+
Jurisdictions
13,000
Documents supported
85%
Avg verification rate
450+
Global data sources
Frequently asked questions.
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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Tell us a bit about yourself.
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The system efficiently and effectively completes our KYC and KYB verification requirements during onboarding.
Robin Kear
Senior Account Executive
