By admin
Sumsub, a verification platform, has launched the first integrated solution for user verification, anti-fraud, and compliance in the gaming industry. The brand-new Full-Cycle Verification and Player Risk Profiling tool allows gaming platforms and operators to cover the entire player lifecycle and optimize revenue while ensuring safety and compliance.
Sumsub is the first provider to offer a holistic verification solution that addresses player onboarding, fraud prevention, and compliance. The new solution is based on four core pillars of verification. Firstly, it ensures fast and secure Player Onboarding that is compliant with over 220 jurisdictions worldwide. The solution leverages KYC/AML, age verification, and proof of address to onboard new customers in under 30 seconds. Additionally, the Non-Doc Verification functionality allows users in certain countries to enter their ID number without scanning any documents.
The second pillar is Fraud Prevention, aimed at preventing account-related fraud, bonus abuse, and affiliate fraud. This helps operators mitigate fraud-related losses. Sumsub also uses a Player Risk Profiling and Analytics module to help operators identify at-risk players and intervene, with customizable options to fit the solution to their needs.
Furthermore, Sumsub’s solution includes a first-to-the-market Responsible Gaming solution based on the company’s Transaction Monitoring system and compliance experience to help gambling companies prevent regulatory violations.
Jacob Sever, co-founder, and chief innovation officer of Sumsub, expressed how gaming operators struggle with multiple solutions that rarely correspond to their specific needs. He stated that Sumsub’s full-cycle verification platform will change that, providing gaming companies with a tailored solution.
Sumsub’s new solution incorporates the Player Risk Profiling and Analytics module, supporting gaming operators’ needs in reducing risk. Additionally, the company previously launched its Responsible Gaming solution to help gaming companies stay compliant with regulations.
Overall, Sumsub’s new solution leverages the company’s sector experience and previously released solutions to provide gaming platforms and operators with an all-encompassing tool for verification, anti-fraud, and compliance.