IDnow experiences significant increase in verification requests during busy betting season
IDnow, a Europe based provider, has seen a significant spike in the number of gambling customers requesting identity verification.
Between 14 and 16 June, IDnow saw a 750% increase in the number of players being verified with a European gambling operator. The busiest sign-up day was 14 June, the day of the opening match of UEFA EURO 2024, which saw a much higher volume of verification requests than was seen during the 2022 World Cup.
Roger Redfearn-Tyrzyk, vice president of Global Gaming at IDnow, said: “The challenges operators face during major sporting tournaments are not necessarily any different to their regular daily compliance hurdles, but the sheer volume of new players from all around the world, coupled with increased activity is likely to cause issues for unprepared operators.”
“EURO 2024 will be a huge opportunity for gambling platforms, new and old, so it’s essential they capitalise on the event, while safeguarding their players and their reputation. It’s important they have effective, compliant verification processes in place to onboard vast numbers of players as smoothly and safely as possible.”
The surge in gambling activity has been seen on both regulated and unregulated sites, with the UK alone having over 250,000 people visited unregulated, black-market sites during the last World Cup, compared with just 80,0000 during the same timeframe of the previous year.
Other key security concerns that are exacerbated by major sporting events, such as EURO 2024:
Increase in site traffic
Unsecured public Wi-Fi networks
Rising rates of gambling fraud
Concluding, Roger Redfearn-Tyrzyk, said: “Gaming operators in these particular regions must offer secure player onboarding, deposits and withdrawals, and conduct seamless Anti-Money-Laundering and age verification checks to help fight the expected proliferation of fraudulent activity in both the build up to EURO 2024 and throughout the tournament.”
IDnow, a leading provider of identity verification solutions, has recently experienced a significant increase in verification requests during the busy betting season. With more people turning to online betting and gambling platforms during this time, the need for secure and reliable identity verification has never been more important.
The surge in verification requests can be attributed to several factors. Firstly, the rise in online betting and gambling activities during the busy season means that more users are creating accounts and placing bets on various platforms. In order to comply with regulatory requirements and prevent fraud, these platforms must verify the identities of their users before allowing them to access their services.
Secondly, the increase in verification requests can also be attributed to the growing awareness among consumers about the importance of protecting their personal information online. With the rise of data breaches and identity theft incidents, users are becoming more cautious about sharing their personal information with online platforms. As a result, they are more likely to demand stringent identity verification measures before using a service.
IDnow’s identity verification solutions have been instrumental in helping online betting and gambling platforms meet the increased demand for verification during this busy season. By offering a seamless and secure verification process, IDnow ensures that users can quickly and easily verify their identities without compromising their personal information.
One of the key features of IDnow’s verification solutions is its advanced technology that allows for real-time verification of identity documents. This means that users can simply upload a photo of their ID document and have it verified within seconds, eliminating the need for manual review and reducing the risk of human error.
In addition, IDnow’s solutions are fully compliant with regulatory requirements, ensuring that online betting and gambling platforms can meet their legal obligations while providing a seamless user experience. This level of compliance is crucial for platforms operating in highly regulated industries such as online gambling, where failure to comply with regulations can result in hefty fines and reputational damage.
Overall, IDnow’s significant increase in verification requests during the busy betting season highlights the importance of secure and reliable identity verification solutions in today’s digital age. As more people turn to online platforms for their betting and gambling activities, it is essential for businesses to invest in robust verification processes to protect both their users and their own reputation. With IDnow’s advanced technology and compliance capabilities, online platforms can ensure a safe and secure betting experience for their users while meeting regulatory requirements.
