Latest News
EPG and SONIO Join Forces to Revolutionise Verification Process for Paylado Users
EPG Financial Services, a German-owned subsidiary of the Merkur Group and a financial payment service provider, has announced the partnership between paylado, its innovative e-wallet app, and SONIO, a leading innovator in identity verification solutions. The goal of this strategic partnership is to enhance and expedite the user verification process for the cutting-edge e-wallet platform, which allows digitises cash money.
One of the standout features of this collaboration is the significant acceleration of the verification process, providing users with a seamless and efficient experience. By simply taking a photo of their ID/passport and completing a quick selfie, users can now undergo the verification process with unprecedented ease. The integration of advanced technology includes this selfie that acts as a liveness check, ensuring authenticity and preventing the use of pre-existing images. Artificial Intelligence (AI) is leveraged to read and analyse the provided ID, comparing it with the captured selfie to ensure a secure and accurate verification process.
Users will experience instant confirmation regarding their verification status, with paylado accounts promptly upgraded to fully verified upon successful completion of the process. This streamlined approach not only enhances security measures but also provides a swift and hassle-free onboarding experience for paylado users. The SONIO Orchestration Layer substantially enhances the customer onboarding experience by seamlessly integrating with any chosen service. It consolidates various service offerings available in the market for paylado into a unified Identity as a Service (IDaaS) solution. Furthermore, it guarantees adherence to regulatory standards, ensuring compliance across all interactions.
“We are thrilled to partner with SONIO to redefine the user verification within the paylado application. SONIO’s cutting-edge technology ensures a robust and efficient process, allowing users to enjoy the benefits of a fully verified paylado account in no time,” Daniel Diehl, Director of Product at paylado, said.
This partnership marks a significant milestone in the evolution of digital identity verification, setting new standards for speed, security and user convenience. SONIO and paylado are committed to driving innovation and creating a safer and more accessible digital financial environment for users worldwide.
Dieter Kindl, Chief Business Officer at SONIO, added: “I am delighted to extend our support to paylado by offering our innovative solutions. We are eager to collaborate closely and grow in partnership with them. Furthermore, I would like to highlight our single integration approach, which enables paylado to swiftly adapt to any changes in regulatory requirements or compliance directives, ensuring a seamless KYC process.”
This partnership will not only enhance paylado’s operational efficiency but also significantly contribute to the fintech industry’s efforts to combat financial crime and ensure user safety. By combining paylado’s robust payment processing platform with SONIO’s cutting-edge verification platform, the two companies are well-positioned to lead the industry towards a more secure and compliant future.
Industry Awards
Casino Guru Awards introduces “iGaming Changemaker of the Year” category
- The Fairest Bonus Policy
- The Fairest General Terms & Conditions
- The Most Impactful Social Responsibility Initiative
- The Best Implementation of Responsible Gambling Tools
- The Most Transparent Casino
- The Most Effective Handling of Complaints
- The Most Ethical Approach to Marketing
- Players’ Choice
- iGaming Changemaker of the Year
- Voice of the People
The post Casino Guru Awards introduces “iGaming Changemaker of the Year” category appeared first on European Gaming Industry News.
EveryMatrix Press Releases
EveryMatrix, BetBlocker and the Responsible Gaming Foundation Malta join forces to translate BetBlocker into Maltese
Supporting safer gambling in Malta is the focus of a new partnership between EveryMatrix, BetBlocker and the Responsible Gaming Foundation. The collaboration will see BetBlocker expand its services to include a Maltese version of its award-winning blocking software.
This project is launched as part of European Safer Gambling Week 2024 to provide both an additional tool to support Maltese players looking to manage their access to gambling and to raise the profile of the free, anonymous to use, service BetBlocker provides within one of the key international hubs for the igaming industry.
Duncan Garvie, Founder and Trustee for BetBlocker, said: “One of the biggest challenges for BetBlocker is ensuring that a technologically complex app is as simple as possible for users to set-up. Currently, BetBlocker can take a user from download to blocked in under 2 minutes.
But that is only the case where the user finds the set-up instructions easy to engage with.
“Where a user is able to access BetBlocker in the language that they are most confident in, the chances of them converting to an active block is far higher.
“We’re really grateful to EveryMatrix and the RGF for their partnership on this project. It significantly improves the options for Maltese players and will go a long way in terms of raising awareness of the support that BetBlocker offers amongst MGA licensees.
“We hope that in the future, the MGA will advance their player protection standards with the inclusion of requirement for licensees to signpost blocking software to ensure players are aware of this option.”
Jake Cachia, Head of Compliance, EveryMatrix, added: “We’re delighted to be able to support BetBlocker and the RGF with this important initiative in Malta, particularly in time for Safer Gambling Week.
“EveryMatrix is proud of its commitment to safer gambling and player protection while producing market leading gaming solutions, and partnerships such as underlining how crucial it is to keep making a difference.”
Kevin O’Neill, General Manager for the Responsible Gaming Foundation, shared these thoughts on the project: “The Responsible Gaming Foundation is proud to collaborate with BetBlocker and Everymatrix on this initiative, furthering our mission to support safer gambling practices in Malta.
Translating BetBlocker into Maltese is a significant step towards accessibility and inclusivity, ensuring that players can effectively manage their gambling habits in their native language.
This project demonstrates the power of partnerships in enhancing player protection and underscores the importance of providing players with tools that promote responsible decision-making. As we launch this initiative during European Safer Gambling Week 2024, we remain committed to contributing to an environment where innovative solutions, such as BetBlocker, can meaningfully impact safeguarding our community.”
The post EveryMatrix, BetBlocker and the Responsible Gaming Foundation Malta join forces to translate BetBlocker into Maltese appeared first on European Gaming Industry News.
Latest News
Vixio Releases Player Protection Outlook 2024
Vixio report provides overview of global regulatory trends in Player Protection including the use of AI, affordability checks, AML, advertising, and more
During this week’s Safer Gambling Week, Vixio, a leading provider of regulatory intelligence solutions, has released its Player Protection Outlook, reviewing the key regulatory updates, insights and trends in player protection and responsible gambling.
With increasing pressure from regulators and other policymakers to address gambling-related social harms, player protection has come to the forefront of regulatory initiatives in the global online gambling industry. Furthermore, technological advancements and AI-powered tools have enabled new options for player monitoring. The report comes during Safer Gambling Week, an industry initiative that promotes safer gambling in the UK and Ireland.
“The sharpening policy focus on issues of player protection unites major jurisdictions worldwide, with lawmakers, regulators and the industry alike seeking to mitigate negative impacts of gambling and leverage new technologies but not always agreeing on the most appropriate ways of doing so,” said James Kilsby, Chief Analyst, Vixio GamblingCompliance. “Through 2025 and beyond, we expect to see policy approaches to affordability, operators’ duty of care and other concepts continue to evolve in Europe, North America and in other global markets.”
Artificial intelligence (AI) has been a hot topic for player protection as it offers the ability to help monitor and rapidly analyse player behaviour, and could be used for chat assistance through large language models (LLMs). For more information on the use of AI in gambling regulation, see the Vixio Artificial Intelligence Outlook, which covers the key global regulatory developments regarding AI and applications for consumer protection.
Another area of policy attention in player protection is around affordability checks, also known as financial risk or vulnerability checks, which involves operators checking players’ financial information to understand if they can afford their gambling.
As highlighted by the report, jurisdictions with significant pending legislation around player protection include Australia, Argentina, Colombia, Croatia, Finland, Latvia, Spain, the UK, and the U.S. In Europe, countries like the UK, Germany, Italy, Spain, Sweden, Denmark and Norway already have wide ranging player protection provisions within their established regulations.
This report is part of Vixio GamblingCompliance’s Outlook series, which provides subscribers with forward-looking insights, data analysis and consolidated research on key segments of the global gambling industry.
The post Vixio Releases Player Protection Outlook 2024 appeared first on European Gaming Industry News.
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