Compliance Updates
IDnow is certified for operation of identification solutions via remote working
IDnow, a leading provider of Identity Verification-as-a-Service solutions with over 250 customers in Europe, has received official certification from TÜV IT for the operation of identification solutions via teleworking. This marks an important milestone for the industry to be able to operate and expand the necessary customer identification for banking and business processes even under exceptional circumstances.
The independent testing institute TÜV IT has certified the IDnow security concept for the operation of video identification and Qualified Electronic Signatures (QES) via remote working. The certification proves that the security measures carried out by IDnow in remote working achieve an equivalent security level as in the certified high-security IDnow Ident Centers. In consideration of the Corona (COVID-19) pandemic, this certification is now of particular importance, as it allows IDnow’s identification solutions for high-security processes to be used unchanged and further expanded even under the current circumstances.
“It is very important to us to be able to provide our customers with a reliable service at all times – especially in the current situation. With our certified concept, we are equipped to continue to offer our employees a safe working environment and to provide our service in a fail-safe manner. We can activate these measures at any time”, says Andreas Bodczek, CEO of IDnow. “Right now, we see an increased demand for remote identification as well as an increase in online credit transactions. We are proud that with our products we can make a contribution to ensuring smooth business and banking processes even in times of social distancing and that we can meet this demand of society”, he adds.
In addition to this remote working concept, IDnow is particularly fail-safe in comparison to the rest of the industry, with a diversification to eleven geographically distributed ID centre locations. The sites are located in various cities across Germany and Europe. A software specially developed for this purpose distributes incoming identification requests simultaneously to all ID centres. In this way, a disruption of one identification centre location can be compensated by other locations without delay.
“Over the past few years, we have invested heavily in the resilience and security of our technology and infrastructure. This is now paying off especially well for our customers. In the last few days we have received a significantly increased number of enquiries from major customers interested in our service as a highly secure identification solution”, says Armin Bauer, co-founder and CTO of IDnow.
Compliance Updates
Comtrade Gaming Obtains Romanian License to Distribute Games
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Comtrade Gamingâs CG Games division has announced its approval for the distribution of casino content in Romania.
The license will allow players in Romania to access a range of games from the CG Games portfolio, including Sweet Treasure, Crash Soccer, Wild Miner, Diamond King, Break the Bank and many more.
âThis is a key step for CG Games. We have been very successful in the Romanian market for many years, with our iGaming Platform, and this extension of our license means we can increase our offering to our partners. It also now allows us to work with all operators in that market, regardless of the platform they use, and we are very excited to bring our games to this market,â said Comtrade Gamingâs Chief Commercial Officer, Steven Valentine.
The post Comtrade Gaming Obtains Romanian License to Distribute Games appeared first on European Gaming Industry News.
Compliance Updates
Betsson Group shortlisted for 4 awards at the Global Regulatory Awards
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Betsson Group has managed to secure four award nominations for the 8th edition of the Global Regulatory Awards. Held annually since 2017, the awards hosted by Vixio, a leading provider of regulatory intelligence solutions, recognise the achievements of individuals, teams, and organisations in the gaming industry that have excelled in compliance, corporate social responsibility, and safer gaming.
According to the official website of the Global Regulatory Awards, Vixio received a record number of submissions this year, making 2024 their most competitive year by far.
The 2024 Global Regulatory Awards ceremony is scheduled to take place in London on 4th December 2024.
Betsson Group is shortlisted for three company awards and one individual award.
1. Commitment to Compliance by an Operator
This award celebrates a leading compliance initiative by a gambling operator that has significantly improved internal expertise and set a new standard for industry best practices. The judges will look for an initiative that demonstrates transformative improvements in processes, technology, reporting, and training, while also promoting best practices across the sector.
2. Chief Compliance Officer of the Year â Corinne Valletta
This award celebrates an exceptional compliance leader who consistently exceeds expectations, expertly navigates regulatory challenges, and has significantly elevated the compliance standards within their organisation through pragmatic solutions, operational transformation, and thought leadership. The award seeks a leader who actively collaborates with management, their team, and regulatory bodies to foster a culture of compliance. Judges will look for concrete examples of the nomineeâs impact, including industry conference appearances, introduced training initiatives, and demonstrations of thought leadership.
3. Compliance Team of the Year
This award honours a compliance team within an organisation that actively fosters a culture of compliance, responding effectively to regulatory changes and driving their organization to lead in new compliance standards. Judges will evaluate how the team has cultivated a compliance-focused culture, collaborated across the organisation, initiated training, and influenced business practices and industry engagement, including with trade associations. Special consideration will be given to teams that have led their organisation into new compliance jurisdictions in emerging markets.
4. Legal Team of the Year
This award recogises a legal team that protects the companyâs reputation by ensuring compliance with regulations, demonstrating exceptional problem-solving, analytical, and organisational skills, and proactively advising management. Judges will assess how the team promotes best practices, keeps the business ahead of regulatory changes, and minimises the impact on both the bottom line and daily operations.
In conclusion, the above nominations highlight Betssonâs strong compliance culture and commitment to raising its standards in compliance to ensure a safe and stable business.
The post Betsson Group shortlisted for 4 awards at the Global Regulatory Awards appeared first on European Gaming Industry News.
Compliance Updates
St8.io granted Isle of Man licence
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The next-generation content aggregator St8.io has been awarded an Isle of Man OGRA Software Supplier licence, as the company continues to expand its regulated footprint worldwide.
The licence, granted by the Isle of Man Gambling Supervision Commission, will allow St8 to supply its product to other IoM-licensed B2B and B2C partners, as well as other Tier 1 operators.
âThis is another important step in our mission to serve regulated markets worldwide,â said Vladimir Negine, founder and CEO at St8. âWeâve been really impressed by the robust licensing process of the Isle of Man Gambling Supervision Commission, which allows us to deliver innovative technology in a manner that protects both our partners and the end user. As we expand our presence into more regulated markets, the proven reputation that comes with an IoM licence will serve us well.â
Lyle Wraxall, Chief Executive at Digital Isle of Man added: âI would like to congratulate St8 for gaining their Isle of Man Software Supplier Licence and look forward to them joining the thriving business community. St8âs decision to expand its operations here reinforces the Isle of Manâs position as a leading hub for the digital and gaming industries.â
St8 was guided through the licensing process by specialist consultancy Amber Gaming.
âWe are thrilled to congratulate our valued partner St8 on securing their licence with the support of our advisory services. This achievement underscores our commitment to delivering expert guidance and driving success together,â said Jade Zorab, Managing Director at Amber Gaming.
Vladimir Negine added: âWe chose Amber Gaming because we needed a partner with a complete understanding of this process, a flawless reputation and an efficient approach that matched with our timelines. They delivered perfectly on all of these, and Iâd like to thank Lee-Ann, Abi and the entire Amber Gaming team for their fantastic support.â
St8.ioâs Isle of Man licence is just the latest that the content aggregator has acquired. Last year, it was granted a licence from Romaniaâs National Gambling Office, and in June secured a recognition notice from the Malta Gaming Authority.
The company continues to bring world-class innovation to the aggregation space, including a recent major update to its St8 Art Kit, which now features animated thumbnails for high-performing games.
The post St8.io granted Isle of Man licence appeared first on European Gaming Industry News.
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