iProov Partners with Northrow on Biometric RegTech Compliance

Biometric authentication technology company iProov has announced a new partnership with regulatory technology (regtech) specialist NorthRow in a move that expands iProov’s network presence in the property, professional services and FinTech sectors.

Northrow’s integration of iProov’s Flashmark facial verification solution into its own RemoteVerify system will give it a Genuine Presence Assurance check, helping to ensure a fast and compliant customer onboarding experience. It will also allow a wider range of regulatory organisations to achieve compliance with strict anti-money laundering regulations.

“iProov and NorthRow share the same mission – to make it effortless for individuals and businesses to comply with complex regulations,” said iProov founder and CEO, Andrew Bud. “The pandemic has proved beyond doubt that being able to verify customer identity online is not an optional extra or nice-to-have – it’s essential,” he added, going on to say that it is also important that the verification solution used is both simple and secure.

The physical distancing and lockdown measures that have been put into place as a result of the COVID-19 pandemic have led to an increase in the number of people conducting business online and consequently has emphasized the need for remote authentication and verification solutions.

“NorthRow is delighted to be collaborating with iProov, adding market-leading Flashmark facial verification technology to our RemoteVerify solution,” said Adrian Black, CEO of NorthRow. “The NorthRow-iProov partnership is a powerful combination that allows us to deliver the world’s best remote onboarding solution,” he added.

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June 12, 2020 – by Tony Bitzionis