24.01.2020Press Release

Fourthline completes ISAE 3000 Type II Assurance Standard

Fourthline, one of Europe’s fastest-growing providers of digital identity verification solutions, today announced that its KYC solutions have been audited by KPMG conform the International Standard on Assurance Engagements (ISAE) 3000 Type II assurance standard.

Fourthline TeamBy Fourthline Team
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The ISAE 3000 Type II assurance report (also known as SOC2 report) provides Fourthline’s customers with an independent review in relation to the design, implementation and effectiveness of a Fourthline’s internal processes and controls.

The global regulatory environment continues to evolve and penalties for failing to protect your data and that of your customers are increasing. The ISAE 3000 Type II assurance report demonstrates that Fourthline has an effective risk and control environment in place and works with the highest standards, processes and technologies. Developed by the International Auditing and Assurance Standards Board, ISAE 3000 is one of the most widely recognized standards used by accounting firms to independently assess a company’s control environment. KPMG assessed whether Fourthline’s controls have been designed and implemented effectively for the five Trust Principles of the ISAE 3000: Security, Availability, Confidentiality, Processing Integrity and Privacy.

“Having an independent ISAE 3000 Type II assurance report over our internal risk and control environment – conducted by a leading provider of assurance and audit services – demonstrates our commitment to the robustness of our KYC solutions, infrastructure, and our clients when it comes to helping them meet global KYC client due diligence requirements”, said Peter van Ulden, Head of Risk Management at Fourthline. “Successfully completing this audit is testament to the expertise of our Technology and KYC Operations team, as well as the quality of our control environment and technology.”

More about Fourthline's Compliance

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.


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

Get in touch with Duco van Lanschot, who brings years of consulting and financial industry expertise to his role as CCO at Fourthline.

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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.