In recognition of Responsible Gaming Education month, full-cycle verification platform Sumsub has released its new automated Responsible Gaming solution. This solution is designed to assist gambling operators in maintaining compliance and avoiding potential fines while ensuring responsible gaming practices.
Sumsub emphasizes the significance of September as Responsible Gaming Education month in the United States. The company is dedicated to safeguarding players and helping iGaming operators shield themselves from regulatory penalties.
In alignment with the principles of Responsible Gaming Education month, Sumsub has introduced a solution that addresses compliance-related requirements for gambling companies. Leveraging Sumsub’s Transaction Monitoring system and extensive experience in global compliance, this solution offers a comprehensive set of rules for responsible gaming controls.
The Responsible Gaming solution encompasses several essential features, including:
- Flexible KYC Setup: Operators can establish flexible know-your-customer (KYC) procedures tailored to their specific needs.
- Betting Patterns Analysis: The solution enables the analysis of betting patterns to detect unusual or disproportionate wagering amounts.
- Player Behavior Monitoring: Operators can monitor players’ behavior for signs of excessive gambling frequency or changes in betting limits.
- Suspicious Activity Alerts: The system generates alerts for potential gaming addiction issues, allowing operators to take timely action.
Operators can configure the solution to apply specific rules for user onboarding in different countries, ensuring multi-region compliance.
Beyond responsible gaming, Sumsub’s solution also assists operators in preventing various types of fraud, including money laundering, identity theft, and payment fraud. It also aids in combating bonus abuse and similar fraudulent activities.
Additionally, the automated nature of the Responsible Gaming solution offers cost savings and reduces the need for additional manpower.
Tony Petrov, Chief Legal Officer at Sumsub, emphasized the significance of the automated Responsible Gaming control solution. He highlighted its role in helping online gaming platforms identify addicted players, mitigate fraud risks, and maintain compliance with evolving industry regulations.
Petrov stated that Sumsub’s automated solution positions the company at the forefront of responsible gambling efforts. It offers a flexible set of rules to monitor gaming-related transactions, aiding in the identification of potential gambling-related issues. By providing automation while promoting safe gambling practices, Sumsub continues to play an active role in shaping the industry’s commitment to responsible gaming.
Earlier this year, Sumsub provided operators with guidance on fraud prevention measures.
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