From: RegTech Analyst
iProov, the spoof-resistant biometric authentication technology company, has revealed that it has inked a partnership with RegTech venture NorthRow.
The deal will see iProov expand its growing partner network and extend its services into the property, professional services and FinTech sectors, meaning a broad range of regulated organisations will be able to more easily comply with strict anti-money laundering regulations while onboarding customers and processing transactions remotely.
NorthRow has a growing customer base that includes building societies, FinTechs, world-leading estate agents and employee onboarding providers.
Andrew Bud, founder and CEO, iProov, stated that the deal will come as the coronavirus has shown the need for better identity authentication services. “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,” ,” Bud argued. “The key is to make it simple and secure.
“By adding Genuine Presence Assurance to its platform, NorthRow further enhances its great user experience and enables regulated businesses to know that each individual is the right person, a real person, and that they are genuinely present right now. As online criminal activity and large-scale spoof attacks threaten organisations such as accountants, estate agents, and solicitors, they will need this more than ever.”
Adrian Black, CEO of NorthRow, added, “NorthRow is delighted to be collaborating with iProov, adding market-leading Flashmark facial verification technology to our RemoteVerify solution. The NorthRow-iProov partnership is a powerful combination that allows us to deliver the world’s best remote onboarding solution.”
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