Press Releases
iGaming Service Provider mybet Integrates 4Stop’s Anti-Fraud Technology
March 7, 2018, COLOGNE, Germany – 4Stop (“FourStop GmbH”), a leading KYC, compliance and fraud prevention provider, announces that it has completed the integration of its proprietary risk management technology with mybet and is live and operational.
Regulatory requirements, which continue to evolve both in the type of due-diligence required and the level of complexity in which it is performed, present many challenges for businesses’ operations and IT development to stay compliant and keep a risk-based model as accurate and optimised as possible. The igaming sector in 2018 is expected to be overwhelmed to some extent by new AML regulations in Europe. As an example, the German sports betting association (DSWV) is currently working on the guidelines for implementation in the sports betting/gambling sector.
“While compliance is not an option but a legal requirement, businesses must integrate processes that satisfy the regulator while still delivering a positive customer experience,” states 4Stop Chief Risk Officer Alvaro Kurth.
By integrating 4Stop, we are now able to create specific compliance solutions for countries and customer segments with a single software suite, providing us cost-savings by reducing the number of integrations and interfaces required to support our business.ALEXANDER DUDA-CTO, MYBET
The 4Stop solution collates a multitude of KYC data sources to create a large and elite KYC database which is supported via its advanced proprietary fraud prevention technology and accessed via a single integration. mybet has the ability to instantly activate required KYC in real time and through 4Stop’s unique real-time cascading KYC verification technology can dynamically verify customers in the most efficient, user-friendly and cost-effective manner possible.
“As an international quality provider of sports betting and online casino services, we have to deal with many and various national requirements for verification and validation of customers. With new regulations enforced, we were experiencing the weight it was putting forth on our operational and IT teams to perform all the necessary due diligence required. By integrating 4Stop, we are now able to create specific compliance solutions for countries and customer segments with a single software suite, providing us cost-savings by reducing the number of integrations and interfaces required to support our business,” states mybet CTO Alexander Duda.
In conjunction to supporting mybets’ KYC requirements, 4Stop allows mybet to perform optimal risk mitigation through its real-time, anti-fraud risk engine which runs a multitude of checks and improves relevances due to full control on rule configurations, weighing and automated system actions. “With 4Stop’s real-time intelligence and a single back office providing a consolidated view on customers, we are able to perform our risk operations more efficiently and react faster to accelerate our performance overall,” said Duda.
4Stop continues to expand their platform to truly be the leader in KYC, compliance and anti-fraud technology through an all-in-one solution that not only remains leading-edge within the FinTech market but removes the barriers and complexities of obtaining KYC for compliance while protecting our clients’ customer journeys from fraud. “We are excited to be working with mybet to support their business and bring them compliance confidence as DSWV guidelines, AML regulations and other regulatory requirements continue to evolve,” states FourStop CEO, Ingo Ernst.
ABOUT MYBET:
The mybet Group, licensed in several European countries to offer sports betting and online casino games, has its registered office in Berlin and locations in Cologne and Malta. mybet offers its betting and gaming products over the internet platform mybet.com as well as at land-based betting shops operating under a franchise system. In addition, the group supplies regional betting providers in Europe and Africa as a B2B service provider. For more information visit mybet.com.
For more information, visit https://4stop.com or contact [email protected].
Latest News
Sumsub and SoftGamings Forge Strategic Partnership to Enhance Player Verification and Fraud Prevention
Sumsub, a global full-cycle verification platform, and SoftGamings, a leading developer of gaming platforms and turnkey iGaming systems, are pleased to announce a strategic partnership aimed at strengthening the security and compliance features of iGaming solutions worldwide.
This collaboration combines Sumsub’s cutting-edge verification technologies with SoftGamings’ innovative gaming platforms, ensuring smoother player onboarding, enhanced fraud detection, and seamless, secure user experiences. Under this partnership, SoftGamings will integrate Sumsub’s advanced KYC (Know Your Customer) checks, Player Behavior Monitoring, Fraud Networks Detection, and Payment Fraud Prevention solutions into its platform, offering clients enhanced protection against fraud while streamlining the user journey from registration to gameplay.
“Security and reliability are at the core of everything we do at SoftGamings,” said Anna Kiselova, Head of Partnerships at SoftGamings. “Teaming up with Sumsub strengthens our commitment to providing our customers with a platform that is not only feature-rich but also secure and aligned with the highest industry standards. This collaboration ensures that our clients can offer their players a safe and seamless experience, without compromising on performance or speed.”
SoftGamings’ platform currently handles over 50 billion transactions annually, supports 100 million registered players, and boasts an uptime rate among the best in the industry. Through this partnership, SoftGamings aims to provide its clients with an even more secure environment, allowing for faster player onboarding, enhanced fraud detection capabilities, and a smoother user experience overall.
The partnership also promises to empower gaming operators to monitor player behavior more effectively, identify potential risks, and prevent fraud before it happens—all while complying with ever-evolving regulatory requirements.
“We are thrilled to partner with SoftGamings, a company with a long-standing reputation for providing high-performance iGaming platforms,” comments Kris Galloway, Head of iGaming Product at Sumsub. “By combining our industry-leading verification and fraud prevention tools with SoftGamings’ cutting-edge solutions, we’re able to offer iGaming operators across the globe a seamless and secure experience from day one. This partnership represents a significant step forward in simplifying compliance and reducing digital fraud in the iGaming ecosystem.”
Latest News
7-Eleven selects Jackpot.com as their official lottery partner
Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.
Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts
Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.
As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.
“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”
By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.
Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.
To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.
eSports
The World Esports Summit 2024 Is Here!
The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.
This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the
Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.
The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:
- (R)Evolution in Esports
- East Meets West
- Esports Integrity: The Role of Referees
- The Rise of International Esports Competitions
- (In Korean) Korea’s Secret Sauce etc.
Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.
These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.
Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.
Registration for the World Esports Summit is free and open to all interested attendees.
To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration
See you in Busan!
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