26.03.2019Press Release

Fourthline granted Payment Institution license by Dutch Central Bank

The prestigious license will be passported by Fourthline to other European markets in which it operates.

Fourthline TeamBy The Fourthline Team
Fourthline KYC gets PSD2 License Dutch Central Bank

Fourthline, as part of Safened-Fourthline B.V., announced today that it has received a license as a payment institution from the Dutch Central Bank under the Dutch Financial Markets Supervision Act.

The provision of online payment services by Fourthline is subject to the new European Payment Services Directive 2 (PSD2) as implemented in most of the European countries in which Fourthline operates.

In view of such implementation, Safened-Fourthline B.V. applied for a license as a payment institution with the Dutch Central Bank (De Nederlandsche Bank, “DNB”). The license was granted on March 26, 2019, and will, in addition to the Netherlands, be passported to most other European markets in which Fourthline is active.

Fourthline is a payment institution under supervision of DNB and as a result it is required to comply with rules applicable to payment institutions. This DNB approval comes on top of the Financial Conduct Authority (FCA) authorization, which recognized Safened-Fourthline Ltd. as an authorized payment institution in the United Kingdom on September 30, 2015.

About Fourthline

Fourthline is one of Europe’s fastest growing fintech companies for digital KYC (Know Your Customer). Trusted by banks, online brokerages, insurers and leading fintechs, Fourthline verifies millions of identities for customers like N26, DeGiro, Solarisbank, Flatex, ING, and many more. We provide best-in-class fraud detection at industry-leading conversion and compliance levels.

Our mission is to protect the online financial system by using the most innovative technologies to develop the safest and most customer friendly digital KYC solution. We share a love for fighting financial crime and building a beautiful product with a positive impact on the world.

Fourthline is part of Safened-Fourthline BV which is regulated as a Payment Institution by the Dutch Central Bank and the Financial Conduct Authority. Our executive team has a combined experience of more than 80 years at top banks and consultancies. Investors include Finch Capital and Rudolf Booker


Koen de Lange, Senior Account Executive

Want to learn more? Contact one of our fraud & compliance experts

Get in touch with Koen de Lange, who brings years of investment banking and econometrics expertise to his role as Senior Account Executive.

Amsterdam

Tesselschadestraat 12

1054 ET, Amsterdam

The Netherlands

Barcelona

Carrer de Tarragona, 161

08014, Barcelona

Spain

New York

119 W. 24th Street

10011 New York, NY

United States

London

36 Old Jewry, 3rd Floor

EC2R 8DD, London

United Kingdom

SAFENED Fourthline B.V. is a company registered in The Netherlands and is authorised and regulated by DNB.

SAFENED Fourthline Limited is a company registered in England and Wales and is authorised and regulated by the FCA.