www.northrow.com
Open in
urlscan Pro
35.189.68.254
Public Scan
Submitted URL: https://email.northrow.com/e3t/Ctc/DO+113/d30znR04/MWKMgS5l-PzW14n-pJ7mGMByW3rtmkr50HFljMJvQp33lLCyV1-WJV7CgFyHW3_39RR6txg-...
Effective URL: https://www.northrow.com/blog/from-compliance-to-confidence-building-digital-trust-in-financial-service-aml-programmes?ut...
Submission: On July 07 via manual from SG — Scanned from SG
Effective URL: https://www.northrow.com/blog/from-compliance-to-confidence-building-digital-trust-in-financial-service-aml-programmes?ut...
Submission: On July 07 via manual from SG — Scanned from SG
Form analysis 2 forms found in the DOM
POST https://forms-eu1.hsforms.com/submissions/v3/public/submit/formsnext/multipart/25597772/13254861-666e-475c-bfce-d7b2eb4fd960
<form id="hsForm_13254861-666e-475c-bfce-d7b2eb4fd960" method="POST" accept-charset="UTF-8" enctype="multipart/form-data" novalidate=""
action="https://forms-eu1.hsforms.com/submissions/v3/public/submit/formsnext/multipart/25597772/13254861-666e-475c-bfce-d7b2eb4fd960"
class="hs-form-private hsForm_13254861-666e-475c-bfce-d7b2eb4fd960 hs-form-13254861-666e-475c-bfce-d7b2eb4fd960 hs-form-13254861-666e-475c-bfce-d7b2eb4fd960_32e0a160-a5a6-44c3-8969-b8d68ceb70f1 hs-form stacked"
target="target_iframe_13254861-666e-475c-bfce-d7b2eb4fd960" data-instance-id="32e0a160-a5a6-44c3-8969-b8d68ceb70f1" data-form-id="13254861-666e-475c-bfce-d7b2eb4fd960" data-portal-id="25597772" data-hs-cf-bound="true">
<fieldset class="form-columns-2">
<div class="hs_firstname hs-firstname hs-fieldtype-text field hs-form-field"><label id="label-firstname-13254861-666e-475c-bfce-d7b2eb4fd960" class="" placeholder="Enter your First name"
for="firstname-13254861-666e-475c-bfce-d7b2eb4fd960"><span>First name</span></label>
<legend class="hs-field-desc" style="display: none;"></legend>
<div class="input"><input id="firstname-13254861-666e-475c-bfce-d7b2eb4fd960" name="firstname" placeholder="" type="text" class="hs-input" inputmode="text" autocomplete="given-name" value=""></div>
</div>
<div class="hs_email hs-email hs-fieldtype-text field hs-form-field"><label id="label-email-13254861-666e-475c-bfce-d7b2eb4fd960" class="" placeholder="Enter your Company email" for="email-13254861-666e-475c-bfce-d7b2eb4fd960"><span>Company
email</span><span class="hs-form-required">*</span></label>
<legend class="hs-field-desc" style="display: none;"></legend>
<div class="input"><input id="email-13254861-666e-475c-bfce-d7b2eb4fd960" name="email" required="" placeholder="" type="email" class="hs-input" inputmode="email" autocomplete="email" value=""></div>
</div>
</fieldset>
<div class="hs_recaptcha hs-recaptcha field hs-form-field">
<div class="input">
<div class="grecaptcha-badge" data-style="inline" style="width: 256px; height: 60px; box-shadow: gray 0px 0px 5px;">
<div class="grecaptcha-logo"><iframe title="reCAPTCHA"
src="https://www.google.com/recaptcha/enterprise/anchor?ar=1&k=6Ld_ad8ZAAAAAAqr0ePo1dUfAi0m4KPkCMQYwPPm&co=aHR0cHM6Ly93d3cubm9ydGhyb3cuY29tOjQ0Mw..&hl=en&v=khH7Ei3klcvfRI74FvDcfuOo&size=invisible&badge=inline&cb=lnbrkb7ysn2i"
width="256" height="60" role="presentation" name="a-979ncqs40d6z" frameborder="0" scrolling="no" sandbox="allow-forms allow-popups allow-same-origin allow-scripts allow-top-navigation allow-modals allow-popups-to-escape-sandbox"></iframe>
</div>
<div class="grecaptcha-error"></div><textarea id="g-recaptcha-response" name="g-recaptcha-response" class="g-recaptcha-response"
style="width: 250px; height: 40px; border: 1px solid rgb(193, 193, 193); margin: 10px 25px; padding: 0px; resize: none; display: none;"></textarea>
</div><iframe style="display: none;"></iframe>
</div><input type="hidden" name="g-recaptcha-response" id="hs-recaptcha-response" value="">
</div>
<div class="hs_submit hs-submit">
<div class="hs-field-desc" style="display: none;"></div>
<div class="actions"><input type="submit" class="hs-button primary large" value="Sign Up"></div>
</div><input name="hs_context" type="hidden"
value="{"embedAtTimestamp":"1688720338404","formDefinitionUpdatedAt":"1686748943720","lang":"en","embedType":"REGULAR","clonedFromForm":"7e8d0dc3-9a92-470b-90bb-43f96ae063e0","renderRawHtml":"true","userAgent":"Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/114.0.5735.198 Safari/537.36","pageTitle":"From compliance to confidence: Building digital trust in AML | NorthRow","pageUrl":"https://www.northrow.com/blog/from-compliance-to-confidence-building-digital-trust-in-financial-service-aml-programmes?utm_medium=email&_hsmi=73684868&_hsenc=p2ANqtz-_CkLA_VJYStxlBAJOrRsd3OOg3h8H48doLazCTszqRbESKP6KaY7prS8emG31nRq_pEvAVvax1RAs9peg61Tbi_JJJUA&utm_content=73684868&utm_source=hs_email","urlParams":{"utm_medium":"email","_hsmi":"73684868","_hsenc":"p2ANqtz-_CkLA_VJYStxlBAJOrRsd3OOg3h8H48doLazCTszqRbESKP6KaY7prS8emG31nRq_pEvAVvax1RAs9peg61Tbi_JJJUA","utm_content":"73684868","utm_source":"hs_email"},"isHubSpotCmsGeneratedPage":false,"contentType":"blog-post","hutk":"79fc76062818a7cff792c83b4d2d409b","__hsfp":2241961375,"__hssc":"43525690.1.1688720341351","__hstc":"43525690.79fc76062818a7cff792c83b4d2d409b.1688720341351.1688720341351.1688720341351.1","formTarget":"#hbspt-form-32e0a160-a5a6-44c3-8969-b8d68ceb70f1","locale":"en","timestamp":1688720341362,"originalEmbedContext":{"portalId":"25597772","formId":"13254861-666e-475c-bfce-d7b2eb4fd960","region":"eu1","target":"#hbspt-form-32e0a160-a5a6-44c3-8969-b8d68ceb70f1","isBuilder":false,"isTestPage":false,"isPreview":false,"isMobileResponsive":true},"correlationId":"32e0a160-a5a6-44c3-8969-b8d68ceb70f1","renderedFieldsIds":["firstname","email"],"captchaStatus":"LOADED","emailResubscribeStatus":"NOT_APPLICABLE","isInsideCrossOriginFrame":false,"source":"forms-embed-1.3372","sourceName":"forms-embed","sourceVersion":"1.3372","sourceVersionMajor":"1","sourceVersionMinor":"3372","_debug_allPageIds":{},"_debug_embedLogLines":[{"clientTimestamp":1688720338511,"level":"INFO","message":"Retrieved pageContext values which may be overriden by the embed context: {\"pageTitle\":\"From compliance to confidence: Building digital trust in AML | NorthRow\",\"pageUrl\":\"https://www.northrow.com/blog/from-compliance-to-confidence-building-digital-trust-in-financial-service-aml-programmes?utm_medium=email&_hsmi=73684868&_hsenc=p2ANqtz-_CkLA_VJYStxlBAJOrRsd3OOg3h8H48doLazCTszqRbESKP6KaY7prS8emG31nRq_pEvAVvax1RAs9peg61Tbi_JJJUA&utm_content=73684868&utm_source=hs_email\",\"userAgent\":\"Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/114.0.5735.198 Safari/537.36\",\"urlParams\":{\"utm_medium\":\"email\",\"_hsmi\":\"73684868\",\"_hsenc\":\"p2ANqtz-_CkLA_VJYStxlBAJOrRsd3OOg3h8H48doLazCTszqRbESKP6KaY7prS8emG31nRq_pEvAVvax1RAs9peg61Tbi_JJJUA\",\"utm_content\":\"73684868\",\"utm_source\":\"hs_email\"},\"isHubSpotCmsGeneratedPage\":false}"},{"clientTimestamp":1688720338512,"level":"INFO","message":"Retrieved countryCode property from normalized embed definition response: \"SG\""},{"clientTimestamp":1688720341358,"level":"INFO","message":"Retrieved analytics values from API response which may be overriden by the embed context: {\"hutk\":\"79fc76062818a7cff792c83b4d2d409b\",\"contentType\":\"blog-post\"}"}]}"><iframe
name="target_iframe_13254861-666e-475c-bfce-d7b2eb4fd960" style="display: none;"></iframe><input type="hidden" id="ct_bot_detector_event_token" name="ct_bot_detector_event_token"
value="f83f82f378cd31ff39457b381b949af79e63449b058f34de96f9ad9c1d7b69c9"><input type="hidden" id="apbct_visible_fields_0" name="apbct_visible_fields"
value="eyIwIjp7InZpc2libGVfZmllbGRzIjoiZmlyc3RuYW1lIGVtYWlsIiwidmlzaWJsZV9maWVsZHNfY291bnQiOjIsImludmlzaWJsZV9maWVsZHMiOiJnLXJlY2FwdGNoYS1yZXNwb25zZSBnLXJlY2FwdGNoYS1yZXNwb25zZSBoc19jb250ZXh0IGN0X2JvdF9kZXRlY3Rvcl9ldmVudF90b2tlbiBjdF9ub19jb29raWVfaGlkZGVuX2ZpZWxkIiwiaW52aXNpYmxlX2ZpZWxkc19jb3VudCI6NX19"><input
name="ct_no_cookie_hidden_field"
value="_ct_no_cookie_data_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"
type="hidden" class="apbct_special_field ct_no_cookie_hidden_field">
</form>GET https://www.northrow.com/
<form action="https://www.northrow.com/" method="get" class="gm-search-wrapper-form" data-hs-cf-bound="true">
<div class="gm-form-group">
<input type="text" name="s" class="gm-search__input">
<button type="submit" class="gm-search-btn">
<i class="fa fa-search"></i>
</button>
</div>
<input type="hidden" id="ct_bot_detector_event_token" name="ct_bot_detector_event_token" value="f83f82f378cd31ff39457b381b949af79e63449b058f34de96f9ad9c1d7b69c9">
</form>Text Content
This website stores cookies on your computer. These cookies are used to collect
information about how you interact with our website and allow us to remember
you. We use this information in order to improve and customize your browsing
experience and for analytics and metrics about our visitors both on this website
and other media. To find out more about the cookies we use, see our Privacy
Policy
If you decline, your information won’t be tracked when you visit this website. A
single cookie will be used in your browser to remember your preference not to be
tracked.
Cookies settingsAcceptDecline
Onboard. Monitor. Remediate
* Resources
* Events and webinars
* Contact us
* Login
Menu
* What we do
* Digital identity verification
* Individual onboarding (KYC)
* Business onboarding (KYB)
* Ongoing customer monitoring
* Customer remediation
* Right to Work
* Supplier due diligence
* AML compliance
* How we do it
* WorkStation
* API integration
* RemoteVerify
* Data security
* Data providers
* Who we work with
* Financial services
* Banking
* Payment services
* Investment banking
* SME lenders
* Wealth management
* Cryptocurrency
* Insurance
* Property
* Estate agents
* Property management
* Professional services
* Legal firms
* Accountancy
* Telecommunications
* People services
* Recruitment
* Hospitality
* Other
* Art market participants
* High value dealers
* Why NorthRow
* What makes us unique
* About us
* Our history
* Case studies
* Awards and accreditations
* Platform Plans
GET STARTED
Search
* What we do
* Digital identity verification
* Individual onboarding (KYC)
* Business onboarding (KYB)
* Ongoing customer monitoring
* Customer remediation
* Right to Work
* Supplier due diligence
* AML compliance
* How we do it
* WorkStation
* API integration
* RemoteVerify
* Data security
* Data providers
* Who we work with
* Financial services
* Banking
* Payment services
* Investment banking
* SME lenders
* Wealth management
* Cryptocurrency
* Insurance
* Property
* Estate agents
* Property management
* Professional services
* Legal firms
* Accountancy
* Telecommunications
* People services
* Recruitment
* Hospitality
* Other
* Art market participants
* High value dealers
* Why NorthRow
* What makes us unique
* About us
* Our history
* Case studies
* Awards and accreditations
* Platform Plans
Search
FROM COMPLIANCE TO CONFIDENCE: BUILDING DIGITAL TRUST IN AML
Posted by Natalie Davies on 05/07/2023 | Featured
In an era of rapid digital transformation, financial services firms are facing
increasing challenges to maintain regulatory compliance, particularly in the
realm of anti-money laundering (AML). While compliance is undoubtedly important,
it is equally crucial for these firms to build and sustain digital trust among
customers.
This article provides insights on how AML programmes can help financial services
firms to effectively navigate the digital landscape and instil trust in their
compliance processes. By adopting robust strategies and leveraging technology,
firms can proactively strengthen their AML efforts and foster confidence among
customers and other stakeholders.
THE EVOLVING LANDSCAPE OF AML COMPLIANCE
The landscape of AML compliance has undergone significant changes in recent
years. The advent of digital technologies, such as mobile banking,
cryptocurrency, and online transactions, has brought about new challenges and
opportunities. Financial services firms must stay ahead of evolving regulations
to effectively combat money laundering and terrorist financing activities.
However, compliance alone is no longer sufficient. Building digital trust has
become a key focus point for these firms, as it assures customers, regulators,
and other stakeholders that their operations are secure, transparent, and
resilient.
EMBRACING TECHNOLOGY FOR AML EFFICIENCY AND EFFECTIVENESS
To transition from compliance to confidence, financial services firms need to
embrace technology as a powerful tool in their AML and overall compliance
efforts. Advanced data analytics, regtech (regulatory technology), artificial
intelligence (AI), and machine learning (ML) can significantly enhance the
efficiency and effectiveness of AML processes.
By harnessing the power of big data, these technologies can identify patterns,
detect anomalies, generate real-time alerts of any suspicious activities, and
flag changes in customer profiles that fall outside of pre-defined, acceptable
risk criteria. The automation of routine tasks reduces the margin for human
error and frees up compliance professionals to focus on higher-value analysis
and investigations. Leveraging robust technologies not only strengthens a firm’s
AML efforts but also demonstrates a commitment to proactively combatting money
laundering.
ENHANCING CUSTOMER DUE DILIGENCE
Building digital trust also requires financial services firms to prioritise
customer due diligence (CDD). Through robust Know Your Customer (KYC) processes,
firms can gather comprehensive information about their customers, verify their
identities, and assess their risk profiles. Digital solutions, such as biometric
authentication, digital identity verification, and regtech platforms offer
secure and streamlined KYC and KYB onboarding experiences while ensuring
compliance with regulatory requirements.
By implementing robust CDD measures, firms can instil confidence among
customers, knowing that their data is protected and that they are dealing with
reputable institutions.
COLLABORATION AND INFORMATION SHARING
In the fight against money laundering, collaboration and information sharing
among financial institutions, regulatory bodies, and law enforcement agencies
are vital. Establishing strong partnerships across the entire financial services
industry facilitates the exchange of best practices, intelligence, and emerging
threats. Collaborative efforts can also enable the development of shared
databases and tools to enhance the effectiveness of AML programmes. Furthermore,
these collaborative partnerships allow for increased cooperation between the
financial sector, law enforcement, and government, allowing for faster responses
to emerging risks and ensuring a more secure financial ecosystem.
From compliance to confidence, the journey to building digital trust in
financial services AML programmes requires a proactive and multifaceted approach
from firms to instil trust in their operations, safeguard their reputation and
satisfy regulatory requirements.
In this era of digital transformation, AML compliance professionals must
recognise the importance of balancing regulatory obligations with the need to
foster trust among customers. By doing so, financial services firms can navigate
the digital landscape with confidence, securing their position as trusted
custodians of the global financial system.
Tags: Client Onboarding, Digital Transformation
Comments are closed.
ABOUT US
NorthRow is a Software-as-a-Service (SaaS) company that is revolutionising how
regulated organisations manage risk by digitally transforming their client
onboarding, monitoring and AML compliance processes.
marketing@northrow.com
01235 375 000
Location
ACCREDITATIONS
WHAT WE DO
Digital identity verification Individual onboarding (KYC) Business onboarding
(KYB) Monitoring Right to Work
HOW WE DO IT
WorkStation API integration RemoteVerify Biometric authentication Data security
Data providers
WHY NORTHROW
What makes us unique About us Our history Case studies Awards and accreditations
Platform plans
WHO WE WORK WITH
Financial services Property Professional services People services Other
QUICK LINKS
Resources Careers Partners Contact us Watch videos Book a free demo Privacy
policy
SIGN UP TO OUR NEWSLETTER
First name
Company email*
© Copyright 2023 NorthRow All Rights Reserved
START TYPING AND PRESS ENTER TO SEARCH