Rabobank, an international financial services provider, has announced a strategic partnership with Fourthline, a prominent European fintech specializing in digital identity verification solutions, through its Rabobank Identity Services platform.
At the core of this partnership is Rabobank's decision to integrate Fourthline's solutions into its Rabo Identity Services, allowing Rabobank to unlock Fourthline's services for its end partners. By offering Fourthline's modular solutions through Rabobank Identity Services, Rabobank can cater to the diverse needs of its clients, providing flexibility and customization tailored to specific verticals and requirements. This modularity allows Rabobank to offer specific solutions, such as scanning only a driver's license for the Mobility sector, meeting the precise needs of its clientele.
Flexibility is paramount for Rabobank, and Fourthline's adaptable approach perfectly aligns with this philosophy. Whether it's addressing technical challenges or navigating complex commercial situations, Fourthline will provide expert assistance to Rabobank throughout the sales process, ensuring seamless integration and optimal performance.
Commenting on the partnership, Robert van Haersma Buma from Rabobank stated, "We are excited to partner with Fourthline to enhance the onboarding processes for our customers. With Fourthline's innovative solutions and expertise, we can elevate our risk management capabilities while delivering a superior customer experience. This collaboration underscores our commitment to leveraging cutting-edge technology to meet the evolving needs of our clients."
Fourthline is renowned for its prowess in combating financial crime through advanced KYC and AML technology. Founded in 2017, the Netherlands-based fintech has rapidly emerged as a leader in the European market, serving esteemed clients such as Trade Republic, flatexDEGIRO, N26, Bol, and NN. With a focus on seamless customer interactions based on trust, Fourthline employs a combination of AI-driven techniques and expert analysis to verify identity documents, biometric data, and applicant information in real-time, ensuring unparalleled accuracy and efficiency.
Krik Gunning, Co-founder and CEO of Fourthline: “In today’s digital economy, a wide variety of sectors have the need for mission critical identity solutions yet there cannot be a one-size-fits-all approach. Our partnership with Rabobank is a prime example of how to benefit from our modular full stack identity platform with the flexibility to use specific building blocks for specific use cases.”
Robert van Haersma Buma, Lead Business Development, Rabobank Identity Services: “With Fourthline, Rabobank will further accelerate into a fast-growing and exciting part of the European ID market. Our customers can now benefit from Fourthlines' flexible, modular KYC & AML solutions via the trusted Rabo Identity Services platform. This partnership will enable our customers to optimise their digital journeys with trust, flexibility and ease of use, resulting in a better customer experience. For us this is another important step to continuously develop our customer value propositions,”
About Rabobank Identity Services:
Rabobank is an international financial services provider operating on the basis of cooperative principles. It offers retail banking, wholesale banking, private banking, leasing and real estate services. Rabobank is dedicated to providing innovative financial solutions to its clients worldwide. Rabobank wants to empower all businesses to grow and enable delightful customer experiences by offering banking and payment API services to businesses that can be integrated into their business processes. As a Digital Identity Service Provider (DISP), Rabobank offers a full range of identity and validation solutions to identify new customers in their onboarding process, to authenticate users to give access to their secured environment, to validate data like the account number or the age of the user and to have documents signed online.
About Fourthline:
Fourthline is a prominent European fintech specializing in digital identity verification solutions. Founded in 2017, Fourthline is at the forefront of combating financial crime through advanced KYC and AML technology. With a focus on innovation and excellence, Fourthline is dedicated to revolutionizing the way financial institutions manage risk and ensure compliance in an increasingly digital world.
