NorthRow is a company that focuses on providing digitized compliance solutions in the financial sector. The company offers services such as digital identity verification, client and business onboarding, ongoing customer monitoring, and automated anti-money laundering (AML) compliance. NorthRow primarily serves sectors such as financial services, property management, professional services, and people services. It was founded in 2011 and is based in Oxfordshire, England.
Expert Collections containing NorthRow
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
NorthRow is included in 4 Expert Collections, including HR Tech.
The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Digital ID In Fintech
For this analysis, we looked at digital ID companies working in or with near-term potential to work in fintech applications. Startups here are enabling fintech companies to verify government documents, authenticate with biometrics, and combat fraudulent logins.
Latest NorthRow News
Nov 16, 2022
Nov 16, 2022, 4:33 pm EST Selfie biometrics are expanding in several markets, with a new implementation from Amazon, partnerships for Veriff, Sumsub and IDScan.net, and certification for NorthRow. Startup uqudo has hinted at its ambitions in the African market. Amazon has started testing selfie biometrics to simplify seller verification. The retailer plans to utilize forgery detection, facial recognition, and liveness detection to assess the authenticity of government-issued identity documents and if they match the individual applying to sell or not. The process is currently voluntary and is being tested with prospective sellers in the Amazon U.S. store. It is reportedly compliant with both BIPA and CCPA regulations. Uqudo addresses Africa’s digital ID demand Digital identity and selfie biometrics startup uqudo says it is building an “identity layer” to make customer onboarding safer, more efficient, and cost-effective across Africa and the Middle East. Speaking at the Africa Tech Festival, the company’s CEO, Mohamed Fagiri, said uqudo has seen significant growth in the past few months, both in Europe and Africa. Uqudo is currently focussed primarily on serving fintechs in the region. According to the executive, uqudo is currently tackling challenges connected with complying with various identity requirements in different countries. The company has also recently joined the Smart Africa Alliance as a start-up member. Veriff, Sumsub and IDScan.net each partner for fintech, gambling markets The collaboration with the financial services software development company will see Veriff integrate its identity verification (IDV) solutions within the TrueNorth platform. “TrueNorth is transforming digital experiences in the financial services world, and with Veriff as a partner, their clients can now easily incorporate identity verification into their evolving online solutions,” comments Veriff’s head of global partnerships and alliances, Manuel Solis III. “The partnership not only makes KYC compliance incredibly tangible but also powers a seamless customer experience for incomparable customer journeys.” The integration of Veriff’s technology gives TrueNorth’s fintech customers access to fraud prevention, KYC, and identity verification capabilities. The move comes two months after Veriff formed a similar partnership with mobile app developer Shockoe. Sumsub has partnered with online betting service provider Markor Technology. Following the start of the collaboration, the companies will be able to provide companies with enhanced verification and fraud protection while ensuring compliance. “Finding a trustful iGaming partner like Markor Technology is an honor for us because we share the same goal of creating a responsible iGaming environment, enabling players to enjoy online gaming and gambling services freely and safely,” says Sumsub CEO Andrew Sever. “We’re making this a reality by offering end-to-end KYC, KYT, and AML solutions to effectively onboard honest users and keep fraudsters out.” Sumsub has recently introduced a new feature to enable companies to create user identity verification workflows tailored to particular triggers and risk scenarios. IDScan.net likewise announced a B2B collaboration with financial technology provider Jack Henry to provide identity validation for digital account creation via the Jack Henry OpenAnywhere platform. The solution will now include IDScan.net’s technologies, such as ID scanning and data parsing, facial recognition and liveness checks. “With identity validation as a key component, combined with automated ID capture, account creation is possible in less than five minutes,” explains Alex Carriles, chief digital officer at Simmons Bank, one of the first institutions to launch digital account opening through OpenAnywhere. “Digital identity verification enables Simmons Bank to spend less time on paperwork and more time connecting with our customers and providing financial solutions throughout each stage of their lives.” The Jack Henry collaboration comes months after IDScan.net signed an agreement with Las Vegas-based Planet 13. NorthRow receives DIATF certification Anti-money laundering SaaS company Northrow has received certification under the Department for Culture, Media and Sport (DCMS) for the UK Digital Identity and Attributes Trust Framework ( DIATF ). Now an official identity service provider (IDSP), NorthRow will utilize Identity Document Validation Technology (IDVT) to carry out digital identity checks on behalf of British and Irish citizens with valid passports. More recently, NorthRow published an analysis highlighting its role within the global payment ecosystem. “NorthRow’s cross-border digital solution will automate processes that have previously been an onerous and complex set of onboarding tasks and workflows,” writes NorthRow content creator Clare Puplett. “By using automated processes, NorthRow’s platform delivers accurate and compliant results, efficiently and with reduced abandonment rates, which enhances conversion and builds loyalty.”
NorthRow Frequently Asked Questions (FAQ)
When was NorthRow founded?
NorthRow was founded in 2011.
Where is NorthRow's headquarters?
NorthRow's headquarters is located at 30 Upper High Street, Oxfordshire.
What is NorthRow's latest funding round?
NorthRow's latest funding round is Incubator/Accelerator.
Who are the investors of NorthRow?
Investors of NorthRow include Financial Conduct Authority.
Who are NorthRow's competitors?
Competitors of NorthRow include Fourthline and 4 more.
Compare NorthRow to Competitors
Onfido provides an artificial intelligence-based technology with facial biometrics. The company allows businesses to tailor verification methods to individual user and market needs in a no-code. It serves financial services, gaming, healthcare, telecommunications, and other industries. It was formerly known as Referencebox. The company was founded in 2012 and is based in London, United Kingdom.
Alloy works as an identity compliance and fraud detection company. It offers banks and financial technology companies an application programming interface (API), dashboard centralizing case management, alerts, decision audit trail, and reporting tools. It also helps financial institutions to integrate multiple sources of data to Know-Your-Customer (KYC) and anti-money laundering (AML), and to track the fraud trends. It was founded in 2015 and is based in New York, New York.
Veriff develops an artificial intelligence (AI) driven visionary verification platform. It provides AI-powered identity verification solutions for identity fraud prevention, know-your-customer compliance, and fast conversions of valuable customers. The company was founded in 2015 and is based in Tallinn, Estonia.
iComply functions as a technology company. The company enables the transparency, integrity, and accessibility required to make financial markets digitally accessible to everyone. It was founded in 2017 and is based in Vancouver, Canada.
Prove Identity operates as a digital identity authentication platform. It offers phone-centric solutions to enable businesses to verify customers while thwarting fraud and cyberattacks. Prove Identity was formerly known as Payfone. The company was founded in 2008 and is based in New York, New York.
Jumio is a company that specializes in identity verification solutions, operating within the technology and cybersecurity sectors. The company offers services that help organizations verify identities and detect fraud throughout the customer lifecycle, using artificial intelligence and machine learning to provide predictive fraud insights and risk analysis. Jumio primarily serves sectors such as financial services, healthcare, online gaming, and the sharing economy. Jumio was formerly known as Jumio, Inc.. It was founded in 2012 and is based in Palo Alto, California.