Dear team, clients, and friends of Fourthline,
We're pleased to share with you our highlights and learnings from a successful Q3.
Trends to watch
Social engineering attempts are on the rise.
47% of detected financial fraud attempts in Europe involved social engineering or manipulation. Fourthline found a 37% increase of these attempts between June 2020 and June 2021 after analyzing 1.5 million bank account openings. Ro Paddock, Head of Anti-Financial Crime at Fourthline
Regulatory pressures are increasing for crypto exchanges
. Once largely unregulated, the crypto landscape is changing and it's paving a path for crypto exchanges to
Exciting Client News
We are proud to announce a partnership with Wish. Wish combines technology and data science capabilities with an innovative shopping experience built around fun and entertainment. We're excited for the opportunity to bolster Wish’s identity verification processes in the EU.
Public Private Partnerships
Fourthline continues to collaborate with the French National Police and Europol working groups, putting forward ideas and best practices in order to help fight financial crime and support both operational and policy-related initiatives.
makes onboarding easy: Last quarter we shared how we’ve been enhancing our Mobile and Web SDKs. Read about how Web SDK
Stand-alone PEP & Sanctions / AML screening
: In addition to being a bank-grade KYC offering, this module is now available on a stand-alone basis, enabling our partners to batch or screen their users in real-time against world-leading watchlists on an ongoing (daily) basis.
We're happy to announce that Fourthline has recorded another successful quarter with over 200% year-over-year revenue growth in Q3 2021.
Fourthline in the news
Fourthline secures a spot on LinkedIn’s 2021 Top Startups in The Netherlands, recognized as an organization that adapts to the changing needs of consumers and businesses.
Additionally, Fourthline is also celebrated by Erasmus Center for Entrepreneurship as one of the Top 250 Fastest-Growing Scaleups in Europe, the report discusses how growth is more than just optics, and how the ability to evolve as your clients evolve while maintaining sustainable growth is crucial.
Ro Paddock, Fourthline's Head of Anti-Financial Crime, authors an article published in the Fintech Review on how to build a safe and secure future in the digital ecosystem. Ro was also interviewed by Dutch national newspaper Algemeen Dagblad. Additionally, De Telegraaf and BNR mentioned Fourthline in their articles on social engineering.
The year may be approaching a close, but Fourthline isn't slowing down anytime soon. We are hard at work maintaining our commitment to the highest-quality technology and compliance to keep the world safe of financial crime.
Fourthline CEO, Krik Gunning