Heard about KYC (Know Your Customer) solution? Well, it’s kind of a digital product for banks and insurance companies that achieves high conversion rates while offering their customers maximum security and compliance with regulatory standards? Yes, that’s true! It’s an automated solution based on AI (artificial intelligence) which is the optimal identification solution for numerous use cases and industries. It enables compliance with regulatory requirements and security standards while providing fully digital customer experience and a fast and easy process.
And a Dutch fintech startup Safened has been implementing this technology for more than a year now. Recently, rebranded as Fourthline, and founded by Krik Gunning and Chris van Straeten — the company has been quite successful so far.