Playtech To Offer Operators Affordability UK eKYC Services November 25, 2020 Mike Ashley

Playtech To Offer Operators Affordability UK eKYC Services

PlaytechThe UK Gambling Commission (UKGC) has sent out a strong and clear message to licensed operators informing them that they have to step up their game when it comes to compliance or face harsh penalties.

Licensed operators have been encouraged to take more initiative to protect their players from gambling harm and to ensure they fully comply with anti-money laundering (AML) regulations. This will require operators to be more diligent in their know your customer (KYC) verification procedures and to be extra careful to check their player’s source of funds.

Playtech entered into an agreement with TruNarrative earlier in 2020 to strengthen its Information Management Systems (IMS) platform. Playtech has confirmed that it will be using the company’s Affordability UK eKYC services to help its list of operating partners meeting the stringent gaming regulations being imposed by the UKGC as well as other regulators around the world.

TruNarrative are specialists when it comes to fraud detection and their Affordability UK EKYC services have been designed to help companies like Playtech boost their player induction and online verification protocols. Licensed gambling operators are required to subject new players to KYC verification before they are authorized to have full access to their gaming account.

TruNarrative

 

However, some players have managed to take advantage of loopholes in the KYC process. The eKYC Affordability UK features will ensure that there are no breaches in KYC protocol and ensure that all operators will be able to quickly identify players who are unsuitable to play at their casinos and sportsbooks.

Benefits Of Using EKYC Affordability UK

By leveraging the eKYC Affordability UK platform, operators will be able to establish a better protocol to measure user behaviour, nature of transactions and affordability data. They will also be able to take advantage of real time data to carry out manual investigations and automate a number of decisions.

eKYC Affordability UK also providers operators a key factor that will allow them to rely on a customer picture and a single interface to monitor player spending activities across different gaming brands.

Players are usually subject to a tedious verification process which requires them to send in multiple documents to confirm identity and address verification proof. The use of eKYC Affordability UK will minimize the amount of documentation and provide a seamless KYC experience between operator and new customer.

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Hi, I'm Mike Ashley, an avid follower of the UK gambling scene and an online gaming expert with over 15 years of experience. Welcome and thanks for visiting my website which focuses on helping players who are unclear as to where they can gamble due to Gamstop bans. We provide useful guides and an array of options that have been tested and reviewed...