Banque Internationale à Luxembourg (BIL) has selected Fourthline as its identity verification partner and will use the Amsterdam-based company’s services to onboard domestic and international clients across its digital banking operations. BIL is Fourthline’s first business partner in Luxembourg.
Fourthline will deliver the onboarding checks through a single API integration covering identity document verification, biometric data analysis and its own proprietary verification models. The integration is being fitted to BIL’s core banking systems, which run on software from Swiss vendor Temenos.
BIL was founded in 1856 as Luxembourg’s first bank and now operates in digital banking, wealth management and corporate finance, serving individuals, entrepreneurs, businesses and private and institutional investors, with a presence in Luxembourg, Switzerland, France and China. Fourthline describes it as the oldest tier one bank in the Grand Duchy, and it has 50.1 billion euros in assets under management.
“At BIL, we are committed to providing our clients with a secure, seamless and efficient onboarding experience while maintaining the highest standards of compliance. Fourthline’s proven expertise in digital identity verification and deep understanding of the European regulatory landscape makes them a natural partner for us. Together, we are strengthening our onboarding capabilities and supporting the continued growth of our activities in Luxembourg and beyond,” said Isa Scheunpflug, BIL’s chief operating officer.
The partnership forms part of BIL’s Building Tomorrow Together strategic plan, which runs to 2030. Other projects under the plan include e-signature capabilities, a conversational AI assistant called Berry and an expanded partnership with Kyndryl for cloud and agentic infrastructure.
Fourthline, founded in Amsterdam in 2017, sells identity verification, qualified electronic signatures, AML screening and other compliance services through a single API to financial companies including Revolut, N26, Trade Republic, Qonto, Scalable Capital, Scalapay and Raisin. Earlier this month it completed its merger with Veridas.
“We are delighted to welcome BIL as our first Luxembourg partner. As the oldest tier 1 bank in the Grand Duchy, BIL sets an exceptionally high bar for compliance and customer experience. This partnership is a strong validation of Fourthline’s ability to meet that standard, and we look forward to supporting BIL’s continued growth across domestic and international markets,” said Fourthline chief executive Paul Stoddart.
Sources: Fourthline, FinTech Futures
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By the ID Tech Editorial Team
