Slotegrator, a leading developer and aggregator of igaming software, has introduced a separate KYC module on its new platform
Slotegrator, one of the leading developers and aggregators of igaming software, has introduced a separate KYC module on its new platform. Read on to find out which identity verification technologies the provider offers to provide online casino operators with safe and easy onboarding tools.
Before placing a bet on a sporting event or playing slot machines, a new player must pass an identity verification. This is required by regulators to prevent underage gambling, problem gambling, money laundering and fraud. The authentication procedure protects both online casino operators and players from possible risks. However, the verification process often slows down the user registration process, and this friction can lead to player churn.
Slotegrator has introduced an updated KYC module on its new platform, which allows you to speed up the verification process while making it smoother and more consistent.
The KYC system solves the following problems:
- Underage gambling – under 18s can use a fake ID or the identity of one of their parents.
- Compulsive gambling — as part of an online casino’s social responsibility, excluded users are not allowed to gamble.
- Money laundering – without KYC, online gambling can be an ideal way to launder money.
- Fraud and other crimes – sometimes players try to open multiple accounts in order to receive welcome bonuses and then vanish into thin air, but on a larger scale individuals and organizations employ strategies of systematic bonus abuse
The KYC module, a key part of Slotegrator’s new online casino platform, was developed with new technologies and government requirements in mind.
Inside the KYC system, the operator can independently change settings at different stages of the player’s relationship with the casino. At the registration stage, he can specify what data is required and what needs to be checked. At the verification stage, he can set the starting point of the verification according to his needs (after registration, before the first deposit, before the first withdrawal, when a certain volume of financial transactions is reached, etc. ).
A KYC user can create their own blacklists. The operator can identify users who pose a threat to the casino and restrict registration based on various parameters, such as country, email or phone number.
All actors can be segmented according to the level of risk. Operators simply specify the list of documents required for successful verification. Risk levels can be set in the KYC service and the trader can set them himself.
The document management section, which is included in the KYC module of the new platform, allows the operator to receive documents that have been uploaded from the player profile, upload files received outside the platform, manage document statuses and track key document parameters.
The verification conditions applied to a particular player are visible to the operator on the user’s card. The internal monitoring system allows you to constantly monitor risk factors. Due to a change in the risk level of a particular player, the system may suggest requiring the player to resubmit the necessary documents.
The updated module allows you to achieve maximum transparency, protect vulnerable populations and limit operator exposure to risk. A quick and convenient verification process for online casino users is one of the best ways to attract new customers and maintain loyalty.