Latest News
From 3 days to 3 clicks: TrueLayer launches Verification API to deliver an effortless onboarding experience
-
Built on top of open banking, the new API delivers a significantly better onboarding experience, with 90%+ of good actors successfully verified in 3 clicks.
TrueLayer, Europe’s leading open banking platform, announced the launch of a new approach to account ownership checks with its Verification API.
Combining open banking with machine learning, the Verification API makes onboarding effortless with success rates that are over 20% higher than credit bureaus and returning a result in seconds, rather than days, compared to manual bank statement checks. By pre-verifying customer’s details, it also simplifies payments setup meaning no more failed transactions.
Multiple TrueLayer clients are using the Verification API, including Authologic, a Y Combinator-backed provider of identity verification solutions.
“Whether you are a fintech, a marketplace, or an ecommerce platform you want to deliver the best possible onboarding experience. We are aggregating different identity verification methods and we are big supporters of using open banking thanks to its ability to make the entire process more intuitive. Working with a market leader like TrueLayer to integrate its Verification API will help us to further strengthen the identity verification process for our customers,” commented Jarek Sygitowicz, co-founder of Authologic.
Traditional verification methods such as bank statement uploads are slow, error prone and create a poor user experience. While open banking offers another approach, existing providers provide access to raw data that requires businesses to then build and maintain their own logic to check that the customer’s name matches their name on file at the bank.
TrueLayer’s Verification API removes these issues. Rather than the time consuming and resource intensive task of building a matching engine, TrueLayer has developed a verification logic that sits on top of open banking rails. It matches the name supplied during the onboarding process with the name on file at the bank, providing a single feed that ensures an immediate and highly accurate response on whether their user’s account has been verified or not.
As a result, the Verification API delivers significant benefits, including:
-
An accelerated onboarding process from 3 days to just 3 clicks.
-
Coverage spanning all major banks, resulting in a 22.5% higher success rate compared to credit bureau checks.
-
Lower fraud risk through embedded Strong Customer Authentication within the bank verification flow.
-
An improved user experience, with a simple redirect to their banking app to confirm account ownership with a fingerprint or Face ID.
-
Reduced payment failures by using pre-verified account details.
-
Reduced burden on compliance teams by automating checks through a single API call.
-
Reduced burden on engineers who can focus on solving core business problems, rather than building and maintaining name-check logic.
“Verification is the first step to onboarding a new user and yet it can often take days to verify an account owner using traditional methods. Their security is questionable, they’re prone to errors and they take forever,” commented Ossama Soliman, Chief Product Officer at TrueLayer. “It doesn’t need to be that way. With the Verification API we’ve built on top of open banking to create a faster, more secure and more accurate approach to verifying a user’s account. It serves businesses across multiple industries, including financial services, PSPs, wealth management and trading, marketplaces, property and iGaming.”
Powered by WPeMatico
bet365
IBIA and PFA Canada join forces to provide sports integrity education to the Canadian Premier League
CPL first to benefit from CA$300,000 education fund commitment by regulated sports betting operators.
The International Betting Integrity Association (IBIA) and its members bet365, Betway and FanDuel have partnered with the Professional Footballers’ Association Canada (PFA Canada) to design a bespoke two-year sports-integrity education program for players and staff in the Canadian Premier League (CPL).
In 2024, the program – which will start in May – will educate approximately 300 players and staff about the potential threat of sports-betting related match-fixing to the integrity of the Canadian Premier League, their careers, as well as its potential to defraud sports betting operators and customers. The agreement also stipulates a repeat training in 2025 to ensure new players joining the league are also able to protect themselves from criminals and corrupters and report any suspicious activity.
Khalid Ali, CEO of IBIA, said: “IBIA’s members take their role – as responsible regulated betting operators – in protecting the integrity of sporting competition and of betting markets seriously. Alongside balanced, efficient and evidenced-based regulation, protecting soccer players, staff and officials from being targeted by criminals is an essential first step to stamping-out sports-betting related match-fixing and fraud.”
The program will include a combination of dedicated in-person trainings and online resources for players and staff in the CPL’s eight league teams. The in-person sessions will educate players on the environment in which they are operating, including rules and sanctions, as well as highlighting the scale and accuracy of technology enabled sports integrity monitoring.
Dan Kruk, Executive Director of PFA Canada, said: “IBIA has delivered sports-integrity education to over thirty-five thousand athletes in Europe since 2010, and we’re grateful that they can leverage that know-how to design a bespoke training for CPL players. At PFA Canada we understand that, despite being more resource-intensive, in-person sports integrity education is essential to gain the trust and understanding of busy athletes, and to enable full, frank and open conversations.”
The CPL’s sports-integrity education program has been enabled by a CA$300,000 commitment over three years by IBIA and its member operators bet365, Betway and FanDuel for the Canadian market, from which other sports are also expected to benefit.
“At FanDuel Canada, we recognize the critical role athlete education plays in maintaining sports integrity,” said Dale Hooper, General Manager of FanDuel Canada. “We are thrilled to expand our engagement with IBIA through this new partnership helping to build a curriculum that will help athletes understand their role in protecting sport.”
Joachim Bjerg of Betway stated: “We’re very proud to partner and support IBIA and the Professional Footballers’ Association Canada that will design, create and implement a bespoke course that will further enhance Betway’s global commitment to educating players and staff involved in sport.
“As a responsible regulated betting operator, we see our role in this sector imperative to safeguarding the integrity of sports and we very much look forward to working with IBIA on this exciting and important initiative.”
Jean-Francois Reymond, IBIA’s Education Ambassador, who will work with the PFA Canada trainers on the May launch, said: “We look forward to working with PFA Canada to further protect the Canadian Premier League from the threat of sports-betting related match-fixing. Protecting the integrity of sport means protecting the integrity of athletes. Most often through a lack of awareness, it is the athletes who are risking their careers and livelihoods. IBIA’s objective is to help build a best-in-class program for all athletes that serves to protect the integrity of Canadian sport and the careers of Canada’s athletes.”
IBIA’s sports-integrity education program is a global offering, alongside IBIA’s not-for-profit model for sharing data on suspicious sporting events with sports regulators and law enforcement, player education can significantly reduce the threat of sports betting related match-fixing. In 2024, IBIA has already trained athletes at the EUBC’s European Boxing Championships in Serbia and is in active discussion with sports governing bodies in Canada and several other jurisdictions to ensure that as many athletes as possible can benefit from sports integrity education. Please contact us if you are interested in learning more.
BF Games, the dynamic game development studio, has entered a new market through a collaboration with Apollo Games, a major licensed online casino operator in the Czech Republic. The content deal provides Apollo Games customers with the supplier’s most engaging releases, including titles like Stunning Hot Remastered and Cave of Fortune, which are now available.
ApolloGames.cz has been entertaining Czech players since 2021 and is part of the globally known Apollo Game Group, which boasts more than 17 years of experience in online games as well as land-based operations. The commercial partnership is part of the supplier’s plans to expand across Europe and supply thrilling games to operator partners worldwide.
Rok Hribar, Head of Sales and Account Management at BF Games, said, “Our new partnership with Apollo Games is a huge milestone for us as we make a significant entrance into the growing Czech market.
“We look forward to providing some of our most popular games to Apollo Games player base and bringing our creative content to their screens.”
Stanislav Jurecka, Casino Manager at Apollo Games, said, “We are watching the rapid development of BF Games’ offerings and are thrilled to sign this deal with the studio.”
“Adding BF Games’ slots to our online casino is a great win for us and our players, providing fantastic entertainment through a great mix of classic and innovative content. We look forward to introducing further games throughout the year and growing our successful partnership.”
The post BF Games Enters Czech Market with Apollo Games appeared first on European Gaming Industry News.
REEVO has announced a strategic partnership with OnlineCasinoReports, the premier global guide for players seeking top-tier online casinos and gambling platforms.
OnlineCasinoReports is renowned for its meticulous evaluations and expert insights, providing players worldwide with comprehensive reviews to assist in finding premier online gaming destinations. Through a meticulous in-house review process and valuable player feedback, their seasoned experts assess and rank various online casinos, poker rooms, bingo venues, Esports, and sports betting sites. Covering all aspects of the gaming experience, including game selection, unique features, banking options, and customer support, Online Casino Reports ensures players make informed decisions.
The partnership between REEVO and OnlineCasinoReports aims to enhance the online gaming discovery process by providing users with access to a curated selection of premier gaming platforms. By leveraging REEVO’s innovative B2B platform and Online Casino Reports’ expertise, this collaboration will streamline the search for top-notch gaming experiences.
“We are excited to collaborate with OnlineCasinoReports to deliver enhanced gaming discovery experiences,” said Daniel Cuc, Head of Account Management at REEVO. “Together, we aim to empower players worldwide with the tools they need to discover the best online gaming destinations.”
Online Casino Reports shares in the excitement, recognizing the opportunity to expand their reach and provide greater value to players. “I couldn’t be more excited about our new partnership with REEVO. Their dedication to crafting quality games that lead the industry in player experience perfectly aligns with our mission at OnlineCasinoReports Network. Bringing REEVO’s high standard of gaming to our site’s visitors is a proud moment for us. This collaboration is a testament to our ongoing commitment to excellence and innovation in the world of online gaming. Together with REEVO, we’re set to elevate the gaming experience for our audience to new heights.” – Oren Arzoni, Director at House Tech Ads Ltd.at Online Casino Reports.
The post REEVO Partners with OnlineCasinoReports to Enhance Online Gaming Discovery Experience appeared first on European Gaming Industry News.
-
Clark County6 days agoClark County residents can bring a friend for free to next week’s Super Bingo $160,000 tournament at the Plaza Hotel & Casino, May 6-8
-
Industry News7 days ago
Genome and Chilli Partners join forces to revolutionize iGaming affiliate payouts
-
Meridianbet6 days ago
Meridianbet to Offer Extensive Betting Options for the Kentucky Derby 2024
-
Nasdaq:CHDN6 days agoThorpedo Anna Claims the Lilies for the 150th Running of the Longines Kentucky Oaks
-
Baltics4 days ago
GiG continues regulated market expansion growth, with new launch in Estonia
-
Angela Bernhard Thomas6 days ago
CAPCOM’S STREET FIGHTERTM 6 GOING TO COLLEGE THIS FALL
-
Industry News6 days ago
Games Global Announces Launch of IPO
-
Industry News6 days ago
Meridian Donate: Revolutionizing CSR in the Betting and Gaming Industry
