market news

Jumio, Playtech unite to update onboarding & eKYC for online operators

Jumio, Playtech unite to update onboarding & eKYC for online operators

Amidst the COVID-19 spread, mergers and acquisitions across companies have prolifically surged in order to sustain their presence in global market even in these crucial times. One such instance can be provided by Jumio, a leading provider of AI- based end-to-end identity verification and authentication solutions.

In a recent news, Jumio has announced collaborating with gambling industry’s leading technology behemoth, Playtech, with an intent of streamlining the eKYC and boarding processes for online gaming operators. It has been reported that the former company has joined Playtech’s SAAs programme, where its operators and suppliers are provided access to an expansive gamut of different enabling services and technologies.

Under this pact, Junio’s ID verification and document verification solutions would be made available to Playtech’s ecosystem of operators to help them onboard new customers and support them comply with the upcoming regulations across the global industry. Further, ID verification would enable gambling operators to establish genuine identity of their remote players by authenticating government issued identity documents, while the document verification would allow new players to verify their address via the use of smartphones or webcam. This prompts the customers to swiftly and effectively scan the documents.

Commenting on the partnership, the VP of Product Strategy at Playtech, Anthony Evans, stated that its partnership with Jumio was crucial for the company at this time owing to the latter’s robust product quality, ease of deployment, and breadth of functionality. He further adds that this partnership is a landmark in the compliance space which would really support the company to further establish its SAAS programme.

Meanwhile, Simon Winchester, the VP of EMA sales at Jumio cited that the company management is delighted to be a collaborate with Playtech and be a part of its SAAS programme as a compliance partner. He added that given the company’s advanced risk scoring, it would be able to identify probabilities and patterns of fraud based on combination of high risk profiles, while structuring the onboarding experience of players.

Source credit:

About the author

Nandita Bhardwaj

Nandita holds a management degree with specialization in marketing, and boasts of a short-term experience in the field of recruitment. Following her passion for writing however, she decided to pursue a career in the field of content development. Presently, Nandita pens down news pieces for, spanning the verticals of business, finance, and technology.