The importance of KYC technology for online gambling and gaming companies

KYC & AML compliance is at the forefront of various industries. What can your company do to stay competitive & in compliance in 2020?

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First, what are online gambling and gaming companies responsible for regarding KYC?

Companies in the online gambling and gaming industries are legally obligated to verify user identity, age, location, and source of funds among other categories in order to protect their users and platform from bad actors and fraud.

  • Continuously comply with the latest global regulations
  • Deliver a seamless, trustworthy, and user-friendly experience

How technology can solve for this

It’s not easy to balance all of this at once, which is why we put our team of Wall Street and Silicon Valley professionals to work on Horizon’s KYC/AML onboarding app called KYCware.

  • KYCware is white-labeled, ensuring an on-brand experience for users
  • App questions and forms auto-adjust according to user entries to meet compliance needs globally across jurisdictions
  • Automated AML screening against a proprietary database of global sanctions, Politically Exposed Persons (PEPs) and watchlists
  • All KYC/AML transactions are logged with a permanent unalterable hash on the Ethereum blockchain
  • Data is never saved to disk on our servers and never outsourced to third parties, period

Written by

Horizon offers a suite of integrated securities software applications for compliant issuance through secondary trading of electronic securities.

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