A Joke? The Disgraced Payvision Founder And His New RegTech Venture Fourthline!
On the 28th of October 2021, ING announced that its subsidiary Payvision would be terminated. The Amsterdam-based FinTech, founded by Rudolf Booker, had just been acquired by ING in 2018 for €360 million. However, it turns out that Payvision facilitated cybercrime and porn business with its payment services. Booker was forced to leave in April 2020. Evidently, he wants to build on his cybercrime expertise and develop the compliance venture Fourthline. Investor protection advocate Elfriede Sixt calls this a joke!