As one of Europe's fastest growing fintech companies, Fourthline helps European banks and regulated financial institutions fight financial crime with an end-to-end Know Your Customer (KYC) solution.
Fourthline performs all checks using algorithms and AI, establishing the identity of the customer requesting a financial product within one minute. In that timeframe, Fourthline automatically runs around 210 checks that examine the ID documents, biometric data, current residence, and worldwide sanction lists, among others.
Combining innovative KYC technology and leading compliance experts, Fourthline verifies millions of new customers annually and offers a one-stop shop that provides all the information and proof points needed to comply with local 5AML regulations in every European country.
All Fourthline tech is built in-house, and AI models are continuously recalibrated to eliminate bias, incorporate new trends, and perform more data checks to detect 60% more fraud than competitors at 99.98% accuracy.
As a regulated Payment Institution under the Central Bank of the Netherlands (DNB), Fourthline adheres to the same standards as its clients. Fourthline's solutions and infrastructure pass the scrutiny of the world's most trusted financial institutions for data privacy, IT security, business continuity, and local AML compliance. Fourthline customers strengthen their compliance with complete data processing in the EU, local legal opinions from reputable firms, and years of experience in navigating local regulatory regimes.
Fourthline's solution can be used for many use cases; some examples are End-to-end bank grade KYC, Simple ID&V, Proof of life, Authentication/Rebinding, KYC remediation, and Proof of address.
Want to learn more about this partnership? Read the full announcement.
