Now, providers can quickly and easily roll-out into new markets, unrestrained by regulatory and technological restrictions.

Fourthline is one of the fastest growing fintechs in Europe and exists to help European banks and financial institutions perform digital identity checks with innovative, end-to-end KYC solutions and leading compliance experts. It covers the full customer journey including initial onboarding, ongoing AML monitoring, authentication, KYC checks, document renewal, qualified electronic signature checks and, if required, offboarding. Combined with Tuum’s cloud-native, next generation core banking solution, regulated institutions can benefit from a single API integration that boosts their agility and scope to deliver new innovative services, all while covering all KYC and AML requirements now and in the future.

European banking regulation is constantly evolving, and institutions find themselves in an uncertain landscape. A new EU AML authority has been given the go-ahead this year by European parliament, MICA has been launched as the first legal framework for crypto assets, and the fall of Silicon Valley Bank and dramatic takeover of Credit Suisse have further added to market uncertainty. The combination of a modern core banking solution and KYC AML expertise offers the continent’s banks a trusted partner that can navigate complexity for them and empower them to scale.

“We're thrilled about our collaboration with Tuum. Together, we offer a solution that enables regulated institutions to expand rapidly across Europe while maintaining compliance with all regulatory obligations. Fundamentally we achieve this without compromising technological innovation. One key aspect is our capability to ensure that clients remain compliant throughout their entire customer journey, beginning with AML screening and extending to ongoing monitoring,".” stated Eelco-Jan Boonstra, Chief Commercial Officer at Fourthline.

“For European banks and financial institutions eyeing up growth across borders, ever-changing regulation and varying cross-border requirements can be a huge hindrance. With this partnership, we want to empower the next generation of institution with a strong banking core agile to change, and access to an API that takes away the strain and worry of compliance. We are delighted to offer a truly best-of-breed solution and help banks achieve growth and innovation safely and securely,” said Jean Souto VP, Global Partnerships at Tuum.