Fourthline is a digital identity and KYC compliance management software that helps to reduce financial and reputational risk by verifying millions of customer identities for fintech and banks. With Fourthline, companies can improve quality and reduce the cost of compliance maintenance by removing error-prone manual work and inefficient back-office processes.
The software helps to confirm the identity of persons or businesses whenever a new account is opened. It also helps users to define a simple KYC standard for their existing customers and start with the application part within seconds. In addition, users can also trigger event-based or time-based identity confirmations to maintain accurate compliance standards as per the changes in the customers’ accounts.
Further, continuous KYC, watchlist screening and Electronic ID (eID) are some of the exclusive features made available by the software that helps companies to stay secure from all types of fraudulent activities. It is also licensed by the Dutch Central Bank ensuring accurate security management and privacy