Press Releases
Jumio to Provide KYC for New CasinoCoin Crypto Wallet
New digital currency for the regulated online gaming sector looks to simplify the onboarding process leveraging blockchain technology
LONDON, March 22, 2018 – Jumio, the leading AI-powered trusted identity as a service provider, has partnered with CasinoCoin (CSC), the cryptocurrency specifically designed for the regulated online gambling industry. Jumio will provide real-time KYC/AML-compliant ID verification for users of CasinoCoin’s new Bankroll Manager wallet (BRM), uniquely removing the need for players to verify themselves every time they register with a new operator.
CasinoCoin aims to complement, rather than disrupt, the existing online gambling industry by providing a superior payment solution for the operators it partners with. The CasinoCoin blockchain technology will enable players to complete transactions, in less than five seconds, with one KYC verification within their Bankroll Manager wallet. It will boost operational efficiency for its partner platforms by removing the burden of verifying new players.
Importantly, Netverify®, Jumio’s advanced identity verification solution, will also satisfy regulators by helping CasinoCoin to realise its ambition to create the most complete KYC/AML tracking environment in the industry. Using Netverify ID Verification, new Bankroll Manager users can verify a government-issued ID document via their smartphone or laptop cameras almost instantly, helping them to open an account in seconds.
Anies Khan, Head of Gaming, Jumio, said: “CasinoCoin offers a radical solution to the gaming market, reconciling companies’ desire to provide a smooth user experience with the requirement to comply with strict KYC/AML regulations. Working together, we’re confident that we can support the company in meeting both of these goals, providing benefits for both users and gaming operators well into the future.”
CasinoCoin is committed to promoting adoption and best-use practices of cryptocurrency in regulated gambling markets. As such, it plans to partner exclusively with regulated gambling operators and continue to develop its seamless payment solution, giving its users unprecedented speed and security.
John Caldwell, Director of Advocacy for the CasinoCoin Foundation, said: “Jumio has been supporting organisations in both the online gambling and cryptocurrency spheres for a long time now, and has established a formidable reputation as a KYC partner. This made them the obvious choice for us when seeking out an ID verification solution for our Bankroll Manager wallet. They have played an integral part in helping us create a near-perfect anti-money laundering (AML) environment that utilises Jumio’s latest KYC technology coupled with our new, proprietary AML tracking tool, to provide regulators with the most secure and transparent funding system available today.”
The CasinoCoin Bankroll Manager will be available for customers to download towards the end of Q2 2018.
To learn more about the challenges of customer onboarding in the online gaming industry, download Jumio’s new eBook: Account Opening in the Online Gaming Industry. Jumio commissioned Harris Interactive and iGaming Business to survey active online gaming customers and global gaming operators to understand the importance of mobile onboarding, the perceived and real value of online identity verification and how regulations will shape the future of online ID verification in gaming.
About Jumio
When identity matters, trust Jumio. Jumio is the creator of Netverify® which enables businesses to increase customer conversions while providing a seamless customer experience and reducing fraud. By combining the three core solutions of ID Verification, Identity Verificationand Document Verification, gaming operators now have a complete solution that allows them to establish the real-world identity of the consumer.
Leveraging advanced technology like artificial intelligence, biometric facial recognition, machine learning, and human review, Jumio helps customers to meet regulatory compliance including KYC, AML and GDPR and tie the digital identity to the physical world.
Jumio has verified more than 100 million identities issued by over 200 countries from real time web and mobile transactions. Jumio’s solutions are used by leading companies in the online gaming, financial services, sharing economy, cryptocurrency, higher education, retail, and travel sectors. Based in Palo Alto, Jumio operates globally with offices in the US, Europe, and Asia Pacific and has been the recipient of numerous awards for innovation. For more information, please visit www.jumio.com.
About CasinoCoin
CasinoCoin (Ticker: CSC) is a cryptocurrency that is being continually developed, specifically with the legal, regulated online gambling business in mind. In addition to world class speed and scalability, CasinoCoin developers are currently working on features that put operators and gambling customers first. KYC (Know your customer), AML (Anti-money laundering), Responsible Gambling and other regulatory first considerations have been built in to CSC at the technology level from the start.
Industry News
MiFinity to Showcase Innovative iFrame at SiGMA 2024
MiFinity, a leading global payment services provider, is excited to announce its participation at SiGMA 2024, held in Malta from 12 to 14 November. Visitors can find MiFinity at Stand 2012, where the team will be showcasing its award winning PayAnyBank service, and the latest version of the MiFinity iFrame and demonstrating how it helps iGaming operators acquire and retain players with a seamless, flexible payment experience.
Paul Kavanagh, CEO of MiFinity, commented: “SiGMA is a fantastic opportunity for us to showcase our latest developments and engage directly with the iGaming community. The MiFinity iFrame is a game-changer for operators looking to streamline their payment processes and enhance the player experience. We look forward to demonstrating its capabilities and connecting with both existing and prospective partners.”
MiFinity’s Business Development and Account Management teams will be on-site to discuss the new iFrame features in-depth and highlight how MiFinity can optimise payments for iGaming operators. They will also be showcasing MiFinity’s innovative suite of payment solutions developed specifically for the iGaming sector, including MiFinity PayAnyBank — a powerful tool that enables operators to send payouts directly to players’ bank accounts in multiple countries and currencies, enhancing the user experience with faster, more localised transactions and reduced FX fees.
The MiFinity Affiliates team will also be available to explain the benefits of MiFinity’s affiliate program, which offers some of the highest commissions in the industry and unique promotional opportunities via the MiFinity Bonus website.
Meet the MiFinity team at Stand 2012 at SiGMA 2024 to learn more about the company’s solutions and how they are transforming the iGaming payment landscape. Pre-book a meeting with the MiFinity team or drop by the stand during the event to explore how MiFinity can support your business.
Book a meeting here > outlook.office365.com/book/[email protected]/
Latest News
ECA and AGEM applaud creation of Association Assembly at ICE Barcelona
The news that January’s ICE Barcelona will include a major new feature dedicated to global gaming’s most influential trade associations has been welcomed by organisations in Europe and abroad.
Making full use of the additional space at the Gran Via Fira de Barcelona, the first ICE Association Assembly has been created to enable trade bodies to promote their values and create new opportunities for the gaming community across every sector and geography, including both the Brussels-based European Casino Association (ECA) and the Association of Gaming Equipment Manufacturers (AGEM), the global trade association for gaming equipment suppliers with its primary headquarters in Las Vegas.
Erwin Van Lambaart, Chair of the ECA confirmed: “Our members are already planning their week in Barcelona and they will be at this historic edition of ICE in great numbers. ICE is a pivotal event for the global gaming community and having a show floor feature which will enable us to engage directly with all sectors is a unique opportunity.
“Traditionally, our association’s involvement at ICE and its Conference program has primarily centred around networking and product development orientation—connecting with our members, regulators, suppliers, and fellow trade bodies. However, ICE 2025 marks a significant milestone. For the first time, the ECA will have the chance to fully interface with the global industry supply chain in its entirety. We are looking forward to this unique opportunity to articulate our vision for the future to a diverse and comprehensive audience, where innovation, responsibility and significant partnerships for guest and customer centricity will have centre stage.”
Daron Dorsey, CEO of AGEM added: “We represent the interests of our gaming suppliers whose well-known brands are global in reach, so to be given the opportunity to explain our agenda and engage with what is a truly international audience of association colleagues on the ICE show floor is invaluable.”
January’s editions of ICE and iGB Affiliate will occupy 120,000sqm of space compared to the 100,00sqm at ICE 2024. In a major endorsement of the opportunities offered by the relocation to Barcelona 72% of the 25 biggest exhibitors will have an increased stand presence at ICE 2025.
Industry Awards
Blask Wins Prestigious “Startup of the Year” at 2024 Starlet Awards
Blask, the pioneering AI-powered analytics ecosystem for iGaming, has been named “Startup of the Year” at the prestigious 2024 Starlet Awards. The company earned this recognition for developing a groundbreaking market intelligence platform that has redefined how gaming operators leverage data and market insights.
Award Recognition
The award confirms Blask’s revolutionary approach to market analytics and its significant impact on how iGaming companies access and utilise market intelligence. Powered by AI models including Computer Vision and Natural Language Processing, Blask analyses billions of data points across 2000+ active brands to provide unprecedented market insights.
The Starlet Awards recognition follows Blask’s recent SiGMA Asia Startup Pitch 2024 Award victory. “Winning these awards affirms our belief that innovation and bold ideas can reshape the iGaming landscape. The recognition underscores the impact of our cutting-edge AI technology and our relentless pursuit to transform data into actionable insights”, reflects Max Tesla, CEO and Co-founder of Blask
Blask provides operators with a strategic edge across multiple critical areas. Its real-time market analysis capabilities deliver instant access to crucial market metrics, while the high-granularity data available at one-hour intervals enables swift, informed decision-making. The sophisticated AI modelling system estimates GGR and FTD by analysing a comprehensive range of inputs, including historical data, third-party OSINT data, market performance, competitor metrics, historical brand performance, market reports, and public company disclosures.
Beyond analytics, Blask offers robust brand monitoring and competitor analysis tools, alongside strategic and tactical planning capabilities particularly valuable for market entry decisions and maximising performance during major events. The recently introduced customer profile feature harnesses AI to generate detailed, country-specific user profiles, adding another layer of strategic insight for operators.
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