GeoComply, a fraud prevention and cybersecurity company, has introduced that the New Jersey Division of Gaming Enforcement (NJDGE) has accepted its Core for Authentication (CfA) product, with the intention to cross stay first with Prophet Exchange.
The CfA is a part of the Know Your Customer (KYC) procedure and serves as an opportunity for Knowledge-Based Authentication (KBA).
GeoComply has advanced the product to affirm identification thru numerous exceptional statistics factors to take away friction from the onboarding procedure.
Jake Benzaquen, Prophet Exchange Co-Founder, said: “In the aggressive global of sports activities wagering, making sure a unbroken enjoy for valid customers at the same time as retaining fraudsters out is paramount.
“GeoComply’s new product gives exactly that – a mix of perfect participant UX and safety. We’re pleased to combine this answer into our platform.”
The compliance answer will release at the Prophet Exchange platform, a peer-to-peer sports activities making a bet exchange.
Founded in 2018, Prophet Exchange gives a number US sports activities making a bet markets, consisting of the National Football League (NFL), Major League Baseball (MLB), the National Hockey League (NFL) and university football.
Lindsay Slader, GeoComply SVP of Compliance, said: “This approval underscores our willpower to growing answers that meet the very best compliance and safety standards.
“With the advent of this product, we purpose to enlarge our customers’ participant acquisition funnel, at the same time as concurrently making sure the integrity of the web gaming ecosystem.
“We admire the NJDGE’s dedication to innovation that fosters a steady and participant–pleasant on line playing surroundings for the state’s residents.”
Only recently, GeoComply partnered with Bet99 for geolocation services in Ontario.