KYC in gambling: Slotegrator's player verification technologies
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Slotegrator has introduced a separate KYC module on its new platform. KYCs are required by regulators to prevent underage gambling, problem gambling and money laundering. The verification process often slows down the user registration process and can lead to player churn.
The KYC system addresses the following issues: Underage gambling, problem gambling and money laundering. It also addresses fraud and abuse of bonuses.
As part of an online casino's social responsibility, excluded users are not allowed to play. Under-18s can use a fake identity card or the identity of one of their parents to gamble. Online gambling can be an ideal means of money laundering.
The KYC module is a key part of Slotegrator's new online casino platform. It allows the operator to independently change the settings at different stages of the player's relationship with the casino. KYCs can create their own blacklists and identify users that are threats to the Casino. All players can be segmented depending on risk level. The document management section allows operators to receive documents from the profile and track key document parameters. The verification conditions applied to a particular player can also be seen by the Operator in the user’s card.
