British fintech company Revolut has chosen Dutch identity services provider Fourthline as its “strategic partner”.
This partnership is aimed at supporting Revolut’s expansion plans while ensuring “operational agility” and “scalability”.
Fourthline has already assisted Revolut with customer onboarding across the European Union and the UK, with potential future support in other markets.
Leveraging AI, including biometric analysis, active liveness detection, and document verification, Fourthline’s technology is expected to enhance customer verification processes for Revolut.
The partnership also offers account management and technical support tailored to Revolut’s operational requirements.
Revolut plans to integrate Fourthline’s verification technology via a single API, which will help maintain consistent compliance standards across its services.
Revolut retail onboarding head Alberto Riveroll said: “Our exponential growth across multiple markets demands a compliance partner that can keep pace with our expansion, while maintaining the seamless user experience our customers expect.
“After a rigorous selection process, Fourthline demonstrated impressive technological capabilities and a proven track record of working with fast growing partners, making them the clear choice for Revolut’s next phase of growth.”
Fourthline CEO and co-founder Krik Gunning stated: “Winning Revolut’s competitive RFP represents a significant milestone in Fourthline’s journey. As financial regulations continue to evolve differently across global markets, our technology provides forward-thinking institutions like Revolut with the adaptability and security they need to scale confidently.
“We’re excited to support Revolut’s onboarding processes in the EU and UK, with the potential to expand to new territories as Revolut continues its global growth trajectory.”
This January, Revolut introduced a Robo-Advisor service in Singapore.
The service is designed to automate the investment process, offering customers a personalised portfolio management solution.
“Fintech firm Revolut selects Fourthline for identity verification ” was originally created and published by Retail Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.