Fourthline on LinkedIn: Trust at Fourthline - Fourthline (2024)

🏧From cashless to unlawful – The Swedish experience🧭 Navigating local KYC compliance🔬 UAE under investigation after damning revelations⚽️ Italy’s fight against illegal streaming💰 Singapore’s money laundering track record📚 EU publishes new AML package Good afternoon! Euro 2024 might be catching all the headlines these past weeks, or when not watching football, one might be at the beach, but financial crime is not taking a break.

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🌍 An insight into Spain's digitalization journeyPIERRE W. MATTA, our Country Manager for Spain and Southern Europe, recently shared his insights in Computing España (BPS) (in Spanish) about Spain's impressive digital strides. The latest Digital Economy and Society Index (DESI) ranks Spain as the 7th most digitized country in the EU. This growth underscores the crucial need for robust cybersecurity measures. This is where Fourthline comes into the picture!Take a look at Pierre's key points:➡ AI-Driven Fraud: The rise of AI-driven fraud, especially synthetic identities created with generative AI, poses a significant challenge.➡E-Commerce Growth: The boom in e-commerce is another major factor driving the need for advanced security solutions.➡Multi-Point Verification: At Fourthline, we verify multiple data points and conduct random checks to effectively combat fraud.Want to learn more about our approach? Feel free to reach out to Pierre!https://lnkd.in/dNCYkiKn

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🌍For fintechs, EU market expansion isn’t just a matter of scaling up technology or attracting new customers. It involves navigating an intricate web of market-specific interpretations of broad EU-level Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations. As well as regulatory specifics, European countries also have cultural differences. To overcome them, companies should prioritize glocalization, in which you adapt global products to local markets. This will ensure you resonate with local regulatory requirements, cultures, and preferences. In Europe, these can vary as much as language.Read the full article 👉 https://lnkd.in/gxphGXug

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Fourthline congratulates its long-time partner Nationale-Nederlanden with this exciting news and is looking forward to further fruitful cooperation!

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🛒 Mexican cartel aided by Chinese syndicate🧺 HSBC’s Swiss arm violates AML rules🔭 Deloitte predicts $40 billion in fraud losses👩⚖️ UBS sued by Russian oligarch💬 AI turns against scammers🌈 Making AI regulation inclusiveGood morning! Look back at the week with us to discover some of the main stories of the financial crime landscape. Enjoy the update!

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🌍 Organized crime goes global🌊 ‘Frankenstein identities’ overflow the UK🥊 Russia beats the West’s sanctions regime🏦 Santander’s customers fail the bank📈 Deepfakes on the rise🧺 Can Labour ‘wash’ the UK clean?Good morning, everyone! Sanction evasion is once again a pressing topic this week as G7 nations meet in Italy and police representatives grapple with the global nature of organized crime at Interpol’s Tirana gathering. Join us to get the full update!

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📣 British bank accused of terrorist financing🤝 Rabobank & Fourthline partnership🗞️ Money laundering via media company🛂 More banks to come under Western sanctions🚓 Money mule networks under raid🚧 Difficulties of AI regulationsFrom Fourthline’s perspective, summer has begun splendidly with a promising Rabobank partnership, while around the world the fight against financial crime has seen both victories and difficulties. Happy reading!

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📢 The news is out: Fourthline x RabobankWe are excited to share that Fourthline has joined forces with Rabobank, integrating our advanced digital identity verification solutions into the Rabobank Identity Services platform! Our Co-Founder & CEO Krik Gunning and Robert van Haersma Buma of Rabobank were on stage at Money20/20 Amsterdam to share the big news!Rabobank's decision to integrate Fourthline's modular solutions will enable their clients to benefit from unparalleled flexibility and customization. This partnership ensures seamless, efficient, and secure onboarding processes for Rabobank’s diverse clientele, enhancing both risk management and customer experience.We are excited to embark on this journey with Rabobank and look forward to delivering exceptional value to their clients.Click on the link in the first comment to read the full press release 👇#wearefourthline #fightingfinancialcrime #kyc #fourthline

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🖼️ NFTs are a risky business🧢 BaFin removes N26’s growth cap🎯 German banks pressured to improve compliance🗼 EU regulators unconvinced about Dubai🥊 Cybercrime suffers serious blow from Europol & Co.⚠️ The dangers of virtual IBANs Good morning! Regulators and law enforcement agencies have had a busy past few days with a major cybercrime operation succeeding and further pressure mounted on banks to better play their role in the West’s Russian sanctions.

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📍Join Fourthline at Money20/20 Europe!Join us from Tuesday June 4th at the Rai in Amsterdam to find out how Fourthline helps regulated enterprises solve digital identity challenges across Europe and beyond.Krik Gunning,Jesse Weststrate, andBjorn op den Buijsch will be there and they can't wait to connect with you and discuss our innovative solutions. So don’t hesitate to reach out to them!There is one thing we are particularly looking forward to👇 Make sure to join us on the main stage on Wednesday, June 5th at 13:55 sharp. We have an exciting announcement that you won't want to miss!👋 See you there!

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