What's the lowdown on new developments in Know Your Customer (KYC) tech that iGaming platforms can potentially utilize to bolster security and combat fraud?
Sumsub's Bi-Weekly Q&A Series Shines Light on Emerging Trends in KYC Technology for iGaming Platforms
In this week's edition of Sumsub's bi-weekly Q&A series, Hannes Bezuidenhout, Vice President of Sales, Southern Africa, takes the helm to discuss emerging trends in Know Your Customer (KYC) technology for iGaming platforms. The discussion focuses on a shift towards more advanced, frictionless identity verification methods that combine security with improved user experience.
Readers are encouraged to submit their own questions about KYC trends on Instagram and LinkedIn. The Q&A series, published every other Thursday on The Sumsuber and social media, features experts answering frequently asked questions to provide insights into the latest developments in the industry.
One of the key trends highlighted by Hannes Bezuidenhout is the use of Artificial Intelligence (AI) and Machine Learning (ML). These technologies enable real-time risk assessment, automated identity verification, and fraud detection, allowing platforms to identify suspicious behavior faster and more accurately. AI can also personalize the customer journey and promote responsible gaming by monitoring player activity patterns.
Another trend is the adoption of biometric authentication, such as facial recognition, to provide secure and fast verification processes that reduce reliance on document uploads. Emerging use of blockchain-based identities and self-sovereign identity (SSI) frameworks also allows players to control their own data, sharing only the necessary information securely.
The discussion also touches upon the integration of behavioral analytics, mobile-first KYC solutions, and automation and chatbots to improve the user experience while maintaining compliance integrity. These trends collectively reflect a move away from traditional, document-heavy KYC checks towards smarter, user-centric verification methods powered by cutting-edge technology.
Hannes Bezuidenhout's specific statements in the Sumsub Q&A are not directly quoted in the available search data, but the technologies and trends described align with industry-wide observations relevant to his expertise and role in sales for Southern Africa’s gaming compliance solutions.
So, tune in to this week's Q&A series to learn more about the latest trends in KYC technology for iGaming platforms and how they can help enhance security and prevent fraud. Don't forget to submit your questions on Instagram and LinkedIn to get your queries answered by the industry expert himself.
- The integration of artificial-intelligence and machine-learning in KYC technology for iGaming platforms can lead to real-time risk assessment, automated identity verification, and fraud detection, enhancing security.
- The sports-betting industry may also benefit from advancements in cybersecurity and technology, with the use of biometric authentication, mobile-first KYC solutions, and self-sovereign identity (SSI) frameworks potentially improving user experience and preventing fraud.
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