For online gambling operators, identity verifications are a proven tool to verify the authenticity of players and prevent fraud. For the design of effective processes in this area, the European Gaming and Betting Association (EGBA) has now announced a cooperation with the ID service provider Sumsub. The association wants to further advance ID checks (Image: EGBA) The EGBA presented Sumsub on Tuesday as the latest associate member of the association. According to EGBA, the newly formed strategic partnership underlines the joint commitment to promoting safe online gambling conditions in Europe. Sumsub will contribute its expertise in the field of identity verification to promote fraud prevention in the industry. In addition, the cooperation among the members raises awareness of the importance of the controls. EGBA Secretary General Maarten Haijer stated: “We are delighted to welcome Sumsub as an associate member and look forward to working with her team. Sumsub’s expertise in identity verification will be extremely valuable to our association as we continue to advocate for a safe and sustainable environment for best online gambling australia and betting in Europe. The platform provided by Sumsub will help EGBA members streamline customer onboarding processes. At the same time, the system ensures compliance with legal regulations in the various European gambling markets. Better protection against fraud In addition to user verification, Sumsub’s platform offers EGBA partners integrated anti-fraud and compliance solutions. In this way, online gambling and betting companies could secure players, mitigate fraud risks, and comply with regulatory standards on their platforms. In the course of the European Football Championship, identity checks are currently experiencing a real boom. In the days leading up to the sporting mega-event, the IT service provider IDnow noticed a demand for ID checks that had grown by around 750%. At the moment, online sports betting providers in particular are using these tools to reliably verify accounts. Kris Galloway, Head of iGaming Product at Sumsub, was also pleased about the cooperation with EGBA. It offers the opportunity to drive innovation and new technologies in the European gambling sector. This is particularly important in today’s times, in which both regulatory requirements and fraud risks are continuously increasing. Galloway was convinced that EGBA members will be able to do this even better in the future through the cooperation with Sumsub.
For online gambling operators, identity verifications are a proven tool to verify the authenticity of players and prevent fraud. For the design of effective processes in this area, the European Gaming and Betting Association (EGBA) has now announced a cooperation with the ID service provider Sumsub.
The EGBA presented Sumsub on Tuesday as the association’s newest associate member. According to EGBA, the newly formed strategic partnership underlines the joint commitment to promoting safe online gambling conditions in Europe.
Sumsub will contribute its expertise in the field of identity verification to promote fraud prevention in the industry. In addition, the cooperation among the members raises awareness of the importance of the controls.
EGBA Secretary-General Maarten Haijer declared:
We are delighted to welcome Sumsub as an associate member and look forward to working with her team. Sumsub’s expertise in identity verification will be extremely valuable to our association as we continue to advocate for a safe and sustainable environment for online gambling and betting in Europe.
The platform provided by Sumsub will help EGBA members streamline customer onboarding processes. At the same time, the system ensures compliance with legal regulations in the various European gambling markets.
Better protection against fraud
Beyond user verification, Sumsub’s platform provides EGBA partners with integrated anti-fraud and compliance solutions. In this way, online gambling and betting companies could secure players, mitigate fraud risks, and comply with regulatory standards on their platforms.
In the course of the European Football Championship, identity checks are currently experiencing a real boom. In the days leading up to the sporting mega-event, the IT service provider IDnow noticed a demand for ID checks that had grown by around 750%. At the moment, online sports betting providers in particular are using these tools to reliably verify accounts.
Kris Galloway, Head of iGaming Product at Sumsub, was also pleased about the cooperation with EGBA. It offers the opportunity to drive innovation and new technologies in the European gambling sector.
This is particularly important in today’s times, in which both regulatory requirements and fraud risks are continuously increasing. Galloway was convinced that EGBA members will be able to do this even better in the future through the cooperation with Sumsub.