TruNarrative Enables Online KYC for Holland Casino Group

The Holland Casino group is teaming up with TruNarrative as it looks to take its gaming operations online. To that end, TruNarrative will provide the group with the secure onboarding technology it needs to fulfill its Know Your Customer and Anti-Money Laundering obligations.

The group itself is a state-owned gaming operation that runs 14 brick-and-mortar gaming establishments in the Netherlands. It has applied for an online gaming license under new guidelines laid out by the KSA (Kansspelautoriteit), which is the official regulatory body for the country’s gaming industry.

For its part, TruNarrative will help with customer onboarding, identity verification, and risk screening. The company’s platform uses face and document recognition to match a user to their identity document, and then checks various external sources to make sure that that person can afford to play, and does not have a history of problem gambling. TruNarrative also provides ongoing transaction monitoring to evaluate the risk level of subsequent interactions.

The financial background checks are required under the KSA guidelines. In addition to enabling online gaming, the Holland Casino group will use TruNarrative’s technology to streamline its onboarding procedures at its physical locations.

“Holland Casino will raise the bar high when it comes to compliance and taking care of our online guests,” said Holland Casino Digital Transformation Director Jeroen Verkroost. “We have chosen TruNarrative’s technology to help us ensure that people can use our new platform in a safe, reliable and responsible way.”

“We look forward to working with Holland casino so they can protect their players both online and in their land-based operations,” added TruNarrative Head of Gaming Adam Doyle. “It’s great to be helping them align with the latest Netherlands regulations so they can bring their online instance to market.”

TruNarrative has previously provided similar onboarding and screening services for The Tote, which is based in the UK. In that regard, the KSA’s affordability guidelines are comparable to those of the UK Gambling Commission. Ikano Bank, Juni, and the Equals Group are some of TruNarrative’s recent clients in the financial sector.

–

June 10, 2021 – by Eric Weiss

Related News

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

Related News

Footer

Follow Us