SBC Digital Payments to focus on gaming industry’s payments and compliance issues

Thursday, April 1, 2021 5:37 PM

This month’s SBC Digital Payments is set to be the only conference/exhibition to examine the payments, identity verification, and compliance challenges faced by betting and gaming operators.

The online event on 29 April will provide an opportunity to access hard-to-find information and learn from the experiences of senior executives and specialists in the space.

A line-up of more than 40 expert speakers will tackle an agenda that looks at the overarching issues faced by the industry, as well as the practical day-to-day challenges operators must overcome in order to comply with all regulations, while also ensuring that their processes do not damage the player experience.

Specific sessions include an in-depth look at what developments in open banking mean for both players and operators, how PSD2 is changing the face of payments provision within the gambling industry, which payments options now available are genuinely popular with bettors, and how the payments ecosystem is evolving in the US.

On the compliance side, panels will focus on how operators can keep pace with the increasingly strict KYC demands of regulators, how innovation can help operators to develop robust AML procedures, and the most effective methods of mitigating payments risks.

Rasmus Sojmark, Founder and CEO of SBC, said: “This is a vital area for betting and gaming operators and their supply chains to stay up to date with, and not only because payments technology and compliance requirements are constantly evolving.

“Player surveys regularly name swift deposits and withdrawals as among the most important factors when choosing which operator to bet with, while slow and onerous compliance processes during onboarding are one of the factors most likely to persuade customers to abandon their registration. Getting the most efficient and customer-friendly systems in place can give operators a crucial competitive advantage.

“At SBC Digital Payments, experienced payments professionals will share valuable information about what those systems should look like. The speakers will also offer insights into how to approach some of the changes to regulation in established markets and the compliance requirements in new markets, together with the lessons the gambling industry can learn from the wider fintech sector.”

The event will bring together an audience of 750 executives and specialists, comprising representatives of betting and gaming operators around the world, global payments companies, leading tech suppliers, legal experts, and regulators.

In addition to the opportunity to learn from the expert speakers, delegates will have the chance to connect and exchange ideas with fellow industry professionals during the programme of networking roundtables, and to view some of the latest payments and compliance technology in the interactive exhibition.