Human beings are known for many different things, but more importantly than the rest, they are known for improving at a consistent pace. We say this because the stated tendency has already fetched the world some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is purposed around its skill-set, which was unprecedented enough to realize all the possibilities for us that we couldn’t have imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence and made it the ultimate centerpiece of every horizon. Now, having such a powerful tool run the show did expand our experience in many different directions, but even after reaching so far ahead, this prodigious concept called technology will somehow keep on delivering the right goods. The same has grown to become a lot more evident in recent times, and assuming one new GRC-themed development pans out just like we envision, it will only propel that trend towards greater heights over the near future and beyond.
IDology, a GBG company and a leading identity verification provider in the America, has officially announced the launch of an expanded solutions’ portfolio, which is focused on helping gaming industry go against fraud and money laundering. Not just that, these solutions will also enable gaming operators to achieve the required compliance with both state and federal regulations. Talk about how they will do so, the answer is headlined by strategy-based operations and automation. To give you a slightly deeper look of the picture, IDology’s latest brainchild, for instance brings to the fore a broader data coverage and increased pass rates. You see, with comprehensive access to new data sources, more customers, including thin-file and hard-to-identify populations, can be successfully verified and onboarded, and that too, at a higher level of speed and accuracy. Such a feature won’t just simplify complex compliance procedures, but it will also keep underage individuals from creating accounts and placing illegal bets. We referred to verification, the company is expected to leverage here its patented step-up verification technology to automate in-line authentication of government-issued IDs. Put that alongside the availability of a global document library covering all 196 countries and territories with over 8,000 document types, and one can easily how the feature will bolster acquisition and the subsequent customer experience. In case you are still not sold on the verification aspect, then we must mention how there will also be forensic and CVML tests to facilitate detection of expired, stolen, forged, and tampered with IDs, while a biometric protection mechanism conducts a simple ID-selfie face match to provide an added layer of identity assurance. Moving on, customers can further expect full stack orchestration of a player’s identity journey by IDology. Complimenting the same is a dedicated solution, which implements customizable workflows for onboarding and cost optimization, something that, in turn, asserts contactability of your player through every step across the workflow. Like you might guess, this goes a long way in improving ROI as well. Then, we have the solutions’ sanctions screening capability that can perform comprehensive checks against 450+ global sanctions lists, including individual country, OFAC, Interpol, and UN Sanctions. The checks can be initiated during onboarding and also later on for continuous monitoring and risk assessment without human intervention. Rather than mandating manpower, the solution uses advanced algorithms and match filters to deliver accuracy and reduce false positives.
“Today’s gaming landscape presents both remarkable opportunities and significant challenges for operators. As criminal techniques evolve, so must our strategies to combat them,” said Heidi Hunter, Chief Product Officer of IDology GBG. “We understand the complexities faced by the gaming industry and have dedicated ourselves to building robust, sophisticated solutions that prioritize both user experience and regulatory compliance. In this era of rapid online expansion, we’re proud to empower operators to tap into new growth opportunities confidently and securely.”
Hold, we still have a few bits left to unpack. Next in line is the prospect of fraud prevention. Using tenured solutions, IDology does well on that, as it identifies and manages on your behalf the risk in-line, including Velocity Rules engine and Fraud Consortium of more than 15 million attributes. By doing so, the company’s technological prowess prevents piracy, multi-accounting, unfair gameplay, bonus abuse, account take-over chargeback fraud, and other related activities. Making the whole proposition against fraud even more resolute is the presence of a machine learning system and dedicated Fraud Analyst support, a combination which will keep operators proactive in the context of their fraud mitigation needs. Rounding up the highlights is a bid to conceive end-to-end compliance. This IDology’s line-up of solutions will do so through a comprehensive, full-lifecycle compliance and risk management ecosystem.