How Fourthline is successfully fighting financial crime and supporting KYC compliance
The technology news site Silicon Canals spoke to Fourthline to find out what’s going on at the growing KYC provider and what it has planned for the future.
By Silicon Canals
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From Silicon Canals:
The Dutch startup has seen exceptional growth in a short period of time. The international expansion of mobile bank N26, at € 3.5 billion one of Europe’s highest valued fintechs, was made possible through the digital vetting of its new clients by Fourthline. At the launch of its KYC service for the financial sector at the end of 2017, the company had fewer than 20 employees. This has grown to a team of more than 150, spread across offices in Amsterdam, Barcelona, London and New York.
Talking about future plans, they haven’t yet scratched the surface of what they want to do in the future at Fourthline. However, van Lanschot reveals, “We are really focusing on improving our product while rapidly shipping new product innovations. Consultancy firm McKinsey sees Identity as a service as the next $20bn digital market. So we are just getting started and want to continue to grow by providing the best service for banks and fintechs.”
