About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

NorthRow Joins FCA Regulatory Sandbox

Subscribe to our newsletter

Regtech and compliance specialist NorthRow has been selected to join the fourth cohort of the Financial Conduct Authority (FCA)’s Regulatory Sandbox, an initiative launched in 2015 to provide a channel for businesses to test products and services in a controlled and customised live market environment.

NorthRow (formerly Contego) delivers customer onboarding through a combination of automated and managed identity verification (IDV), AML and KYC services, provided via a single API. Launched in 2011, it was recently selected to handle the onboarding verification process for the Open Banking Implementation Entity (OBIE), a body created by the UK’s Competition and Markets Authority in 2016 to create software standards and industry guidelines that drive competition and innovation in UK retail banking.

Adrian Black, CEO of NorthRow, said: “Accessing regulated financial data in a protected environment differentiates us from other identity verification providers who rely on manual, time-consuming processes to verify bank account data. It is the first step in our ambition to achieve FCA approval, which is required to access bank account data.”

The FCA received 69 submissions for the fourth phase of the Sandbox, with 29 applications accepted – the largest Sandbox cohort to date.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

Private Markets Data Opportunities Under the Microscope: Webinar Preview

As institutional asset managers accelerate their allocations into private markets, they often find themselves facing an alien landscape when it comes to data. Used to the data-driven systems that power public capital markets, investors in private markets, including private equity and private credit as well as alternatives such as property, must contend with greater opacity,...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...