Fourthline’s mission is to fight financial crime. The only way to be successful in this area is to leverage technology and actively promote cross-border cooperation, both between financial institutions and through public-private partnerships. In recent years, Fourthline has invested in building strong relationships with several financial regulators. Today, Fourthline is proud to announce its latest partnership with the French National Police.
According to PWC, 47% of companies have experienced fraud over the last 24 months, with France, in particular, experiencing some of the highest rates of fraud in Europe. The country is a key strategic market for Fourthline and we are hugely excited about this partnership and the potential impact it could have on the fraud landscape in France. This international partnership highlights Fourthline’s continuing growth and stands in recognition of the fact that identity fraud does not stop at national borders. We all have to cooperate in the fight against financial crime. This partnership will strengthen efforts to tackle financial crime both for the French National Police and for Fourthline.
“Technology and knowledge sharing are key weapons in the fight against fraud. With our best-in-class detection service, Fourthline currently catches 60 percent more fraud than our competitors,” Christiaan van der Does de Willebois, Strategy & Operation Lead at Fourthline, said. “We are proud to work alongside the French police as we look forward to creating a safer financial ecosystem."
Fourthline is one of the fastest-growing providers of digital identity technology. We offer best-in-class Know Your Customer (KYC) solutions throughout the customer lifecycle, preventing fraud at industry-leading accuracy, conversion, and compliance levels. Trusted by banks, online brokers, insurers and leading fintechs, Fourthline verifies millions of identities for clients like N26, NN, Solarisbank, flatexDEGIRO and more.