Arjit Bhargava in an interesting conversation with BW Business world about online real-money gaming sector and the new regulations

The growth of the real money gaming industry has not only attracted players but also fraudsters. One of the primary reasons the RMG segment is a breeding ground for bad actors is that it lacks strict KYC checks and overlooks regulatory guidelines. Many platforms permit user anonymity to enable onboarding at scale and shoot up player traffic, making them a hotbed for unwanted nefarious activities such as multi-accounting, underage playing, location spoofing, and money laundering. This not only jeopardizes the financials and ROI of the company but also puts the gaming experience of ‘authentic players’ in dire straits, eventually, leading to increased reputational loss.

AuthBridge’s robust onboarding and verification solutions help gaming companies to validate users’ identities right at the start so that there is no room for repercussions of identity fraud. For instance, our AI-powered solutions built on technologies such as liveness checks, OCR, etc. match the user’s face with ID documents in real-time, automate data capture, and help prevent stolen/altered IDs from passing the checks. Digital Address Verification captures the user’s location through geo-coordinates to prevent location spoofing and help gaming companies adhere to state laws. API-based penny drop method validates bank details along with the beneficiary’s name to keep money laundering and other financial crimes at bay. Our KYC and onboarding journeys coupled with state-of-the-art technologies facilitate the fastest onboarding, improve user experience, and help companies take care of compliance and regulations.