Sumsub, a full-cycle verification platform, Thursday announced the release of an integrated system for user verification, anti-fraud, and compliance in gaming. The London, UK-based company says the solution enables platforms and operators to seamlessly cover player lifecycles and maximize revenue while staying compliant with regulations and guidelines.
Sumsub claims it’s the first vendor to provide a holistic verification solution covering player onboarding, gaming-specific fraud prevention, and compliance.
“Gaming operators are overwhelmed with the need for separate solutions, such as verification, bonus abuse prevention, and player risk analysis,” said Sumsub Co-Founder and Chief Innovation Officer Jacob Sever in a statement. “Often verification and anti-fraud vendors offer solutions initially developed for other industries, like fintech. But they do not correspond to gaming companies’ specific needs as they are not tailored to the user profile which is completely different in gaming. … Now Sumsub launches the first full-cycle verification platform for gaming, providing sets of rules that are fully customized to the industry, player geographies and user profiles in gaming.”
Sumsub states that the solution enables fast and secure player onboarding in compliance with more than 220 global jurisdictions. Platforms can onboard users in less than 30 seconds through the leveraging of KYC/AML, age verification, and proof-of-address checks. Sumsub’s Non-Doc Verification provides onboarding in selected countries, with users only needing to enter an ID card number without scanning documents.
According to Sumsub, customers have claimed increased efficiency in onboarding customers using the company’s solutions. Kaizen Gaming significantly boosted onboarding automation – from 15% to 70%, and increased its overall verification performance by 350%; Yolo Group grew users’ pass rates by 142%; and CopyBet decreased players’ time to value from 24 hours to less than 10 minutes.
