How gambling operators can protect themselves against fraud, cheats and financial crime
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Gambling operators are up against increasing regulation, evolving cyber threats and online attacks. Vetting, artificial intelligence and partnering with reputable service providers are some of the steps they can take to keep their business safe.
Gambling operators should vet their partners carefully. They should check if they have a good reputation and if there have been any notable leaks or breaches during their company history.
Biometric identification technology has advanced significantly in recent years. Companies can require biometric authentication before allowing deposits and withdrawals and even upon sign in.
Artificial intelligence is being used widely in multiple sectors and verticals. In regulated industries, AI is used in the onboarding process. It can engage with potential clients, ask them for specific documents and analyze data it receives.
AI is being used to monitor gambling activity. It's able to root out cheating and those who are trying to launder money. Every reputable jurisdiction binds operators by a set of rules and regulations to prevent financial crime. It is up to the license holder to stay abreast of any changes and implement the rules.
Partner with a well-respected payment provider. If in doubt, choose a corporate service provider instead of an unknown provider with no track record. The payment methods you choose will determine how confident your players are to gamble with you.
