GeoComply Solutions Inc. has announced the acquisition of OneComply Inc., bolstering its technology offerings for gaming regulatory entities. The integration of OneComply, an innovative provider of compliance and licensing management solutions, will enable GeoComply to streamline the entire licensing process.
Strengthening Licensing Management Capabilities
OneComply is a centralized licensing solution designed to help operators, suppliers, and other licensed gaming market participants protect their gaming licenses. Recognizing the importance of risk management policies, process monitoring practices, and compliance assurance procedures, the platform automates compliance processes, making them more efficient and cost-effective.
Commenting on the deal, GeoComply Co-Founder and CEO Anna Sainsbury expressed excitement about the acquisition, noting that OneComply has significantly eased the often painful process of licensing for both organizations and regulators in regulated industries like gaming and fintech.
Enhancing Cybersecurity and Compliance Offerings
By integrating OneComply into its system, GeoComply can now provide its gaming and regulated customers with a comprehensive suite of security tools to manage the entire licensing process, from applications to ongoing compliance assurance. This acquisition is expected to enhance GeoComply’s award-winning portfolio designed for the highly regulated US online gaming and sports betting market.
Sainsbury further emphasized the acquisition’s benefits, stating that combining the licensing platform and expertise with GeoComply’s existing solutions will enable the company to offer unparalleled capabilities in supporting the gaming industry’s mission-critical compliance needs. These include AML, KYC, licensing, geolocation, sanctions compliance, and fraud prevention technology.
OneComply Co-Founder and CEO Cameron Conn also shared his enthusiasm for the acquisition, highlighting GeoComply as an inspiration for Vancouver-based entrepreneurs. Conn and fellow Co-Founder Aaron Gould look forward to continuing their journey as part of the broader GeoComply team, confident that the combined efforts will enhance their world-class compliance and licensing solutions for regulated industries worldwide.
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