Novibet partners with FullCircle’s W2 for digital compliance
Novibet, a global online betting leader, has recently announced a strategic collaboration with FullCircle’s identity solutions platform, W2. This collaboration aims to improve Novibet’s digital compliance capabilities and provide a safe and secure environment for its customers.
Improving Regulatory Compliance with W2 Solutions
W2’s tailored solutions for Novibet aim to strike the ideal balance between regulatory compliance and customer engagement. The platform provides a full package of anti-money laundering (AML) solutions, giving Novibet access to worldwide sanctions, Politically Exposed Persons (PEPs), and watchlist data from important jurisdictions in the Americas and Europe. By screening millions of records each month, Novibet can prevent money laundering at all stages, from onboarding to transaction monitoring, protecting its growing customer base and reputation.
Testimonials & Future Integration Plans
Giannis Papastamou, Novibet’s Head of Customer Compliance & Group MLRO, expressed confidence in the relationship, saying, “W2 was highly recommended by DTI Solutions, a prominent cyber security integrator in the gambling sector. This collaboration demonstrates our commitment to regulatory compliance, player protection, and providing a seamless gaming experience.” He also hinted at adding more W2 products to Novibet’s platform.
Jess Whitehouse, FullCircl’s Head of Customer Success, Identity Solutions, praised Novibet’s decision to employ W2 by FullCircl, highlighting the necessity of a best-practice approach to gambling compliance. The partnership’s goal is to provide non-intrusive identity verification checks that balance client due diligence with smooth onboarding and improved player experiences. Whitehouse also thanked the DTI for their role in facilitating this collaboration.
With Novibet and FullCircle’s collaboration, the online betting industry can look forward to a more secure and compliant environment that benefits both operators and customers. This partnership establishes a precedent for proactive compliance measures and customer-centric solutions in the iGaming industry.