Documentation Glossary

We define these terms in our documentation as follows:

Term	Definition
5AMLD	European Union Directive 2015/849, known as the Fifth Anti-Money Laundering Directive, is the standard for preventing money laundering and terrorist financing and entered into force in January 2020.
Anti-Money Laundering (AML)	A set of laws, regulations, and procedures aimed at preventing criminals from disguising illegally obtained funds as legitimate income.
client	Natural persons who want to use your services.
conversion	How often a client successfully completes a workflow.
electronic IDentification, Authentication and Trust Services (eIDAS)	An electronic signature that complies with EU Regulation No. 910/2014 (eIDAS Regulation) for electronic transactions in the European market. It provides a high level of assurance of who signed a digital document, equivalent to a handwritten signature.
European Telecommunications Standards Institute (ETSI)	An independent, not-for-profit organization that helps develop and test global technical standards for ICT-enabled systems, applications, and services.
Financial Action Task Force (FATF)	An intergovernmental organization that sets international standards to combat money laundering, terrorist financing, and other related threats.
Financial Conduct Authority (FCA)	An independent regulatory body responsible for overseeing financial firms to ensure they operate with integrity, protect consumers, and maintain market stability in UK.
General Data Protection Regulation 2016/679 (GDPR)	A European Union regulation on protecting the privacy of personal data you store, handle, or transfer in the EU and European Economic Area.
human agent	A staff member of Fourthline or your company who processes cases by manually reviewing and approving/ declining the client.
ID document	A document that a client provides to prove their identity, e.g. passport, national ID card.
Identity Verification (IDV) provider	A service that confirms a client's claimed identity by cross-referencing personal information against multiple databases, including government records, financial records, and public records.
Joint Money Laundering Steering Group (JMLSG)	A UK-based private sector-led body that provides guidance to financial institutions on complying with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.
KYC (know your customer)	A legally required process of verifying the identity, suitability, and risks involved with starting and maintaining a business relationship with your client.
machine-readable zone (MRZ)	The area of an ID document (usually passports) that encloses the document holder’s personal data.
near-field communication (NFC)	A set of protocols that enable two electronic devices to communicate over a distance of 4 cm or less. Fourthline uses NFC to extract ID document data.
optical character recognition (OCR)	The process of electronically or mechanically converting images of typed, handwritten, or printed text into machine-encoded text, e.g. from a scanned document, a photo of a document.
politically exposed person (PEP)	A person who holds a prominent and influential public function and therefore presents a higher risk of potential involvement in bribery and corruption.
The tax identification number (TIN)	An identification number used by most EU countries to identify taxpayers and facilitate their national tax affairs.
qualified electronic signature (QES)	A digital signature created with a qualified electronic certificate issued by a qualified trust service provider that complies with the eIDAS Regulation. The signature confirms who signed a digital document and is legally equivalent to a handwritten signature.
qualified trust service provider (QTSP)	A licensed organization that can issue qualified electronic certificates and create qualified electronic signatures, which must comply with the eIDAS Regulation.
RESTful application programming interface (API)	The interface and set of protocols you use to exchange data with our server. Our API Reference specifies the content and format of your requests to our server and the responses our server sends back.
selfie	A photograph a client takes of themselves on their mobile device.
visual inspection zone (VIZ)	An area on an ID document that includes the photograph, document designation, personal data, and the issue and expiry dates.
we	Fourthline
you	Fourthline's business partners, including financial service providers, fintechs, and distributors who use our solutions, and your developers who integrate them.

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