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4Stop Selected in CyberTech100 for 2020

COLOGNE, Germany, June 3, 2020 /PRNewswire/ --A 4Stop ("FourStop GmbH"),a leading global provider for KYB, KYC, compliance and fraud prevention, announcesA its selection within the Cybertech100. This list is composed of the top 100 globally recognised most innovative providers of digital solutions of 2020, providing world-class cyber defences to financial institutions.A CyberTech is one of the fastest-growing sectors within the FinTech industry, withA FinTech GlobalA data showing investment in the space has grown 14x since 2014 to reach $3.4 billion last year.That surge in activity comes as financial services firms are increasingly moving towards digital operations and expanding their security budgets. According to a study by Gov.uk, finance and insurance firms increased their spending on cybersecurity by 23% YoY in 2019.Given the considerable rise in appetite for the sector, the CyberTech100 was produced to identify the 100 innovative companies that every financial institution needs to know about when they consider and develop their information security and financial crime-fighting strategies.The standout companies were chosen by a panel of industry experts and analysts who reviewed a study of over 1,000 CyberTech companies undertaken byA FinTech Global, a data and research firm. The solution providers making the final list were recognised for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain.
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