Sumsub Introduces Integrated Verification Solution for Gaming Industry
Sumsub, a verification platform, has launched the first integrated solution for user verification, anti-fraud, and compliance in the gaming industry. This solution enables gaming platforms and operators to cover the entire player lifecycle while maximizing revenue and complying with regulations.
Four Pillars of Sumsub’s Full-Cycle Verification Solution
Sumsub’s full-cycle verification solution consists of four key pillars:
1. Fast and secure player onboarding: This pillar ensures compliance with over 220 jurisdictions worldwide. Gaming platforms can onboard users in under 30 seconds using KYC/AML, age verification, and proof of address checks. Sumsub’s Non-Doc Verification offers swift onboarding in selected countries by only requiring an ID card number without document scanning.
2. Fraud prevention: The solution includes real-time fraud prevention measures to combat scams like bonus abuse, affiliate fraud, and account takeover. Specific rules are applied to identify fraudsters and suspicious users, minimizing reputation risks and fraud-related losses.
3. Player risk profiling and analytics: This module quickly detects at-risk behavior through dynamic scores based on gameplay and spending patterns. Customizable rules flag suspicious activities such as frequent deposits or high bet amounts.
4. Responsible Gaming (RG) compliance: Sumsub’s automated solution helps gaming operations detect potential addictions and stay compliant with RG requirements. The Transaction Monitoring system and global compliance expertise provide a set of rules tailored to the gaming industry.
The Value of Sumsub’s Full-Cycle Verification in the Gaming Industry
According to Jacob Sever, co-founder and Chief Innovation Officer at Sumsub, gaming operators often struggle with separate solutions that don’t meet their specific needs. Sumsub’s full-cycle verification platform was developed specifically for the gaming industry, providing customized rules for different player geographies and user profiles. The inclusion of the Player Risk Profiling and Analytics module further reduces risk for gaming operators.
Sumsub has already proven its efficiency for gaming companies. Kaizen Gaming automated onboarding by 70% and improved verification performance by 350%, while Yolo Group increased users’ pass rates by 142%. Additionally, CopyBet reduced players’ time to value from 24 hours to less than 10 minutes.
To learn more about Sumsub’s full-cycle gaming solution, visit their website at https://sumsub.com/gambling/.