Dear team, clients, and friends of Fourthline,
As we move forward from a momentous year, Fourthline is dedicated to discovering breakthrough fraud insights and continuing to innovate with our clients. We’re excited to share with you the latest updates from a successful Q2:
Trends to watch
Exciting client news
Our partner
Solarisbank
makes a breakthrough
and announces their successful launches in Spain, Italy, and France with local IBANs. This pan-European expansion supports their partners’ growth plans and affirms Solarisbank’s position as a BaaS leader in Europe.
A big congratulations to
Vivid Money
on its
€60 million Series B funding
. We couldn't be prouder of our partnership supporting Vivid Money’s
international expansion
.
Trade Republic
secures €760 million in Series C funding. The firm is now among the
highest valued private fintech companies in the EU
.
Flatex-DEGIRO
successfully completes their merger. After serving over 1.25 million customers in 2020, Flatex-DEGIRO continues its commitment to being the
largest retail online broker in Europe
with a mission to win over 3 million customers by 2025.
Public-private partnerships
Fourthline has been actively engaging with local and international law enforcement agencies (LEAs) and organizations in multiple cross-border public-private initiatives in Q2 (such as the French National Police). Fourthline has also been supporting Europol in the discussion of strategic anti-financial crime initiatives. These initiatives (both operational and substantial) will continue to progress over the course of 2021 and beyond.
Product launches
Qualified Electronic Signature (QES)
launched earlier this quarter in the European market. Fourthline’s QES services can now be issued alongside our bank-grade KYC offering.
Single Sign-On (SSO)
functionality has launched for our enterprise clients who are leveraging our SaaS offering. This means in-house teams are able to log-on to the Fourthline Analyst Portal by means of a preferred SSO provider.
Our new
PEP/Sanction API
completely automates false positive investigations and provides an indication of whether an individual could be a confirmed PEP/Sanction.
We've enhanced our
Mobile & WebSDKs
for our iOS, Android, and web-based solutions. We have also overhauled our developer documentation around the SDKs.
Team updates
Our Head of Product, Jesse Weststrate, celebrates five years of working at Fourthline. Jesse has been highly influential in Fourthline’s success from the start. We sat down with him to hear about how Fourthline has evolved over the years, what innovations in the KYC/AML space he’s excited about, and what question he believes clients should be asking (but don’t). Read all about it in our upcoming interview with Jesse.
Fourthline in the news
Our Head of Anti-Financial Crime, Ro Paddock, authored a piece on Biometric Update entitled
The Fraudster's New Game Face
. The article is a fascinating analysis on the surge of financial crime this past year and looks into the surprising new ways fraudsters are scamming businesses.
In a similar vein,
we spoke to Dutch broadcaster NOS
about a recent rise in identity fraud attempts using professional silicone masks and the methods Fourthline is using to catch these fraudsters.
Fast growth
We’re excited to announce that Fourthline has recorded another successful quarter with 185% year-over-year growth in Q2 2021. We are also eager to share that we have signed on two new, major clients this past quarter. More details on this to follow.
We’re always proud to report on a successful quarter, but we continue to be committed to our clients and motivated by their success. Fourthline is dedicated to the fight against financial crime: innovating for the tools that will equip our clients to streamline growth while protecting their businesses.
Fourthline CEO, Krik Gunning
