Scalapay, a pioneering player in the Buy Now Pay Later industry, is reinforcing its commitment to regulatory compliance through a strategic collaboration with Fourthline, a prominent RegTech provider serving financial institutions across Europe. With its newly acquired status as a payment institution, Scalapay diligently ensures adherence to evolving regulatory standards across the European countries where it operates.
Through this partnership with Fourthline, Scalapay gains access to robust technology capable of ensuring ongoing compliance and adaptability to the dynamic European regulatory landscape. Fourthline offers a suite of solutions that empower banks and fintechs to automate KYC (Know Your Customer) and AML (Anti-Money Laundering) processes, all while adhering to local requirements. Their proprietary technology leverages artificial intelligence techniques, including computer vision, biometric data analysis, and optical character recognition.
Florian Jensen, Chief Risk Officer at Scalapay, emphasized, “Our collaboration with Fourthline underscores our unwavering commitment to upholding the highest regulatory standards while driving innovation in the fintech sector. We are enthusiastic about working alongside Fourthline to leverage their expertise and enhance our capabilities in meeting regulatory obligations.”
“Italy has played a pivotal role in Fourthline’s growth journey, and our partnership with Scalapay marks a significant step forward in our commitment to the Italian market,” said Krik Gunning, Co-Founder and CEO of Fourthline at Fourthline. “By providing our innovative solutions and leveraging our country manager Gabriele’s expertise, we are well-positioned to deliver unparalleled value to our Italian partners and enhance their regulatory compliance efforts.”
