Jumio confirms its presence in CGS LATAM and offers solutions for online gaming operators

Santiago - Jumio helps organizations fight fraud and financial crime. In addition, it has verified more than 300 million identities issued by more than 200 countries and territories from web and mobile transactions in real time.

Specifically for online casinos and gaming sites, Jumio offers cutting-edge - industry-leading - identity verification and Anti-Money Laundering solutions to help online gaming operators corroborate player age, improve conversion rates and shut down cybercriminals.

In an exclusive interview, Samer Atassi - Jumio's Vice President for Latin America, gives us an overview of the company's upcoming participation in the CGS Latam event to be held on June 24 and 25 at the "Casa Piedra" Convention Center in Santiago.

About the benefits of its products, he said: "Jumio's reason is to make the Internet a safer place by protecting business ecosystems, through the unification of solutions in end-to-end identity verification, KYC (Know Your Customer) and Anti-Money Laundering platforms".

"Jumio's capabilities begin the moment a user signs up and remain throughout the entire process, including regulatory compliance, identity theft prevention and account management, as well as transactions and user monitoring."

"By leveraging advanced technology - including Artificial Intelligence, Biometrics, Machine Learning, liveness detection and automation - Jumio helps organizations fight fraud and financial crime, onboard good customers faster and comply with regulations, supported by more than 500 million identity verifications performed in more than 200 countries and territories, from real-time digital and mobile transactions."

He also highlighted the firm's interest in the Latin American market: "In general, Latin America is a market with great potential. It represents more than 260 million players and is expected to generate more than $3.6 billion dollars in revenues by 2023, according to the Newzoo Global Games Market Report 2020.

As for online gaming, VIXIO GamblingCompliance estimated that by 2025, global revenues would reach $2.6 billion.

Jumio is trusted by major gaming operators around the world, and online gaming and wagering is also fast becoming a key sector for us in this region."

Also, Jumio will participate as a panelist in 2 very important sessions, the first one will be in a panel on: "The role of Fintech in the future of gaming - Payment Methods" on May 24 at 12.10 pm, Atassí stated: "A successful online gaming operator must offer an excellent digital experience to the user from the moment they establish a gaming account and throughout the rest of their interaction with the site, including of course the payment methods. In its emerging risks bulletin in May 2021, the UK Gambling Commission examined innovations in cryptocurrency assets, the quality of suspicious activity reports (SARs) filed and the threat of financial crime. This report made it clear that operators need technology partners who understand the gaming market, and who are able to tangibly demonstrate that they can reduce exposure to Money Laundering and support the industry collectively in its fight against financial crime.

Biometric facial recognition detection and certified live detection bring identity verification into the digital age, allowing gaming companies to verify digital identity matches to real-world identities - that the person behind the keyboard is who they say they are, and without hindering the experience."

Jumio's second participation in CGS Latam will be in a special session on: "Importance of incorporating digital identity processes in the gaming world". On May 25 in the afternoon starting at 16:05, he said: "Online gaming is a successful industry with estimated revenues of more than $112 billion dollars worldwide by 2025, and a compound annual growth of approximately 12%.1 However, this sector faces the challenge of offering a great user experience available 24/7/365, but at the same time guaranteeing to know exactly the identity of who is playing, not only to stop fraudsters but to ensure full compliance with the regulations applicable to each country. This is why digital identity verification is crucial for online gaming operators. When it comes to identity, AI-powered solutions are able to quickly and accurately correlate a digital player's identity with that of the real world, to optimize conversion, detect and stop fraud attempts, as well as comply with KYC and Anti-Money Laundering requirements."

To access this special session, please register via the following email: registration@cgsssummit.com

[1] Source: Research & Markets, May 2021, Online Gambling Global Market Report