Fourthline

Fourthline, founded in 2017 by Krik Gunning and Chris van Straeten, provides an artificial intelligence (AI)-based compliance and know your customer (KYC) platform for financial technology companies. Fourthline is headquartered in Amsterdam with an additional office in Barcelona. Its platform is capable of authenticating millions of digital identities for top European banks and financial technology organizations at an accuracy rate of 99.98 percent. It is fully compliant with applicable laws and regulations, such as the General Data Protection Regulation (GDPR) and all local anti-money laundering (AML) directives.

Fourthline's suite of products includes the following:

• Document and biometric verification allows for customer onboarding with a hyper-accurate verification flow built for conversion, with basic identification and verification (ID&V) completed in seconds and bank-grade KYC in under one minute.
• Proof of address occurs in seconds using highly accurate device and geolocation intelligence.
• With the company's Qualified Electronic Signature, secure electronic signatures can be issued standalone or alongside Fourthline’s KYC onboarding.
• Account authentication ensures that an account's creator and user are the same person by monitoring the device data behind the account and providing real-time connection to the device.
• Screening and monitoring tools allow for customer checks against real-time watchlists, politically exposed person (PEP) and sanction lists, country-specific databases, Cifas, and Fourthline’s own proprietary fraud database.
• Re-KYC and remediation features allow for the automatic review, update, and enhancement of customer data to assess risk and meet all regulatory standards.
• Investigations and reporting increase operational efficiency as Fourthline takes care of manual and resource-intensive investigations and customer due diligence (CDD) reporting.
• Anti-financial-crime features utilize augmented analytics and a team of anti-financial-crime experts.