Socure to power the growth of digital gaming operators in 11 U.S. States
By Pavithra R
Socure, a leading Day Zero identity verification technology provider, has announced the availability of its Socure ID+ identity verification platform to digital gaming operators in eleven U.S. states.
The Socure ID+ platform verification platform includes Intelligent KYC, Global Watchlist with monitoring for compliance, DocV, and its flagship Sigma Fraud Suite. It’s Intelligent KYC streamlines online identity verification by auto-accepting new players across a broad range of demographics at scale. Intelligent KYC passively verifies the identities of qualified players online to safely increase conversions and reduce drop-off rates. By leveraging Intelligent KYC, digital gaming operators can achieve significant growth in revenue by auto-accepting a higher percentage of new players.
“The online gaming industry is experiencing unprecedented growth, with an increasing number of states allowing, or planning to allow, sports betting and casino expansions. 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,” said founder and CEO Johnny Ayers at Socure.
Socure is now approved to partner with online gaming operators in Illinois, Indiana, Iowa, Colorado, Michigan, and New Hampshire. Intelligent KYC’s fully automated digital approach provides digital gaming operators with auto-approval rates of up to 90%, exact date of birth and address matching to meet necessary compliance requirements. If an applicant fails the initial passive verification, they can be stepped up to Socure’s DocV solution, an automated, fool-proof document verification process that guides the prospect through capturing a government-issued ID using their mobile device.
Founded in 2012, Socure’s mission is to be the single source of trusted identity for every business-to-consumer transaction, eliminating identity fraud while fueling growth. The firm is continuously evolving its machine learning and data curation strategies to power its Socure ID+ Platform, an identity engine, and make it even smarter.
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