• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Socure Brings e-Gaming KYC Support to 11 States

January 20, 2021

Identity verification specialist Socure has announced the availability of its Socure ID+ KYC identity verification platform to digital gaming operators in eleven US states, including Colorado, Illinois, Indiana, Iowa, Michigan, New Hampshire, New Jersey, Pennsylvania, Tennessee, Virginia, and West Virginia.

Socure KYC Identity Verification Platform Can Now Support Online Gaming in 11 States

The KYC (“Know Your Customer”) platform is able to passively authenticate the identities of qualified online player, reducing drop off rates for firms and allowing for the potential for a significant growth in revenue.

“The online gaming industry is experiencing unprecedented growth, with an increasing number of states allowing, or planning to allow, sports betting and casino expansions,” said founder and CEO Johnny Ayers. “Considering the critical compliance requirements these operators face, our technology ensures that meeting those requirements does not mean slowing down business growth. Socure has a talented, dedicated team in place to support the online gaming industry and the massive growth anticipated over the next several years.”

Socure enjoyed a strong 2020 as the COVID-19 pandemic has led to a dramatic rise in the demand for passive remote authentication solutions, since a record number of people have been forced into online channels by the various physical distancing measures put into place to help slow the spread of the virus.

In August of 2020, the company announced that it had raised $35 million in a new funding round, noting that the money would go towards enhancing its machine learning capabilities and furthering its mission to eliminate identity fraud.

The Socure ID+ platform boasts auto-approval ratings as high as 90 percent for digital gaming operators, with exact date of birth and address matching that meets compliance requirements. The system’s methodology includes the use of input data along with multi-dimensional queries with multiple data sources, advanced clustering, and intelligent rank decision outputs.

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: Biometric, biometric authentication, biometrics, gaming, gaming platforms, identity verification, Know Your Customer, KYC, online gaming, remote authentication, Socure, Socure ID+

Related News & Articles

NXP One of World’s Top Three AI Chipset Firms: Compass Intelligence

The Path to Biometric Universal Basic Income: Worldcoin Raises $115M in Series C Funding

Juniper Sounds Alarm About Online Payment Fraud

Primary Sidebar

Learn About Mobile ID and Aviation

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication 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™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D 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

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • 1Password Rolls Out Passkey Support for iOS Users
  • Somalian Government Launches Digital ID System
  • Philippines Authorities Aim to Roll Out Mobile IDs By Year’s End
  • Ethiopian Authorities Enroll Students in Biometric Digital ID Program
  • Kenyan Government Officially Unveils New Digital ID Program

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld