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Canada
Sumsub Releases Transaction Monitoring Guide
Sumsub, a global tech company that provides customizable KYC, KYB, and AML solutions for the whole user journey, published its Complete Guide to Transaction Monitoring to provide a detailed picture of transaction monitoring as an integral part of the verification system.
The guide was prepared by Sumsub’s compliance and anti-fraud team in partnership with Pismo, an all-in-one, cloud-native financial services platform covering all core banking and payment processing functionalities.
Transaction monitoring is crucial for companies providing financial services, as it helps them perform risk assessments and detect suspicious activities. This expert guide is intended to show businesses in the fintech, banking, insurance, gambling, and e-commerce sectors how to spot transaction fraud, bolster their defenses, ensure full compliance, and optimize user conversion rates at the same time.
Every industry benefits from transaction monitoring in different ways:
- A gambling or iGaming service can support responsible gaming by easily detecting if a customer is spending more money than declared in their income statement, and a service can curb arbitrage betting by detecting multi-accounters.
- Banks can automatically detect signs of suspicious activity, such as income drastically higher than in the source of funds statement.
- In e-commerce, purchases over AML thresholds and unusual spending patterns should automatically raise alarm bells and be prevented.
- For insurance companies, illegitimate claims and fraud patterns can be detected.
“Nowadays it’s getting harder for regulated businesses to survive and grow in conditions of economic recession: they need to keep pass rates high, attract new users and stay protected from fraud—all at the same time. The perfect tool to help businesses keep up with their ambitious plans and avoid scams on the way to growth is transaction monitoring. It is a new must in verification that should come together with KYC and other AML checks. By combining user, business and transaction verification in a single flow, you get a complete picture of user profiles and can intercept even the most sophisticated fraud attack vectors and patterns, and that provides extra insurance that fraud risks can be reduced,” Vyacheslav Zholudev, co-founder and CTO of Sumsub, said.
Canada
CasinoCanada and WinSpirit enter lifelong partnership
![casinocanada-and-winspirit-enter-lifelong-partnership](https://igamingradio.com/wp-content/uploads/2024/07/132710-casinocanada-and-winspirit-enter-lifelong-partnership.png)
CasinoCanada, the number one gambling guide for players in Canada, has put pen to paper on a major partnership with WinSpirit, one of the most popular crypto casinos in the country, in a significant boost to both parties.
The lifetime partnership will see WinSpirit gain premium positioning on high-traffic pages throughout the English site of CasinoCanada, which has been providing information and guides to Canadian players for more than 20 years.
The CasinoCanada team will also carry out a comprehensive review of WinSpirit so that its readers can get the full lowdown on what the casino has to offer.
CasinoCanada is famous for its casino ranking system, with each site given a total score out of ten. This is calculated based on how the casino scores across key areas including registration process, usability, promotions, VIP experience, slots, game types, payments, mobile and customer support.
Each casino is played by a real person and CasinoCanada is always honest about the experience the casino offers to players. This is why it’s good that WinSpirit offers one of the best overall online casino experiences in Canada.
Players can enjoy a hugely generous welcome bonus as well as a great selection of slots and games such as Dice, Crash, Limbo, Wheel of Fortune and many more.
Aleksandra Drigo, Sales Director at CasinoCanada, said: “WinSpirit has taken the market by storm and is one of the most played online casino brands in Canada, so we are thrilled to have signed this lifetime partnership and to bring it to our players for the first time.
“Our team has already put the casino through its paces, and it’s scored incredibly highly so we look forward to seeing our players sign up and enjoy what it has to offer.
“It’s partnerships such as this that strengthen our position as the leading online casino guide for players in Canada. Players trust our information and reviews and know that the casinos we list on our site are among the best.”
Pavel Miroshnichenko, Head of Affiliates at WinSpirit, added: “We are delighted to have signed such a significant partnership with CasinoCanada, one of the leading online casino guides in the country.
“We go to great lengths to deliver a top player experience, from the welcome bonus we offer to the games we stock and the payment methods available in our lobby, and it’s great to see CasinoCanada recognise this by giving us such a high score.”
Canada
mkodo Joins the Canadian Gaming Association in its Commitment to Supporting the Regulated Canadian Gaming Market
mkodo, the leading provider of mobile apps, websites, front-end UX and geolocation technology to the Canadian lotteries, including OLG, BCLC, WCLC, ALC and AGLC for over 13 years, is proud to announce its recent membership to the Canadian Gaming Association (CGA). This strategic partnership demonstrates mkodo’s commitment to supporting and enhancing the digital experience within Canada’s dynamic regulated iGaming sector.
As a member of the CGA, mkodo will collaborate with other industry leaders to drive innovation, advocate for responsible gaming practices, and contribute to the overall growth and sustainability of lottery, betting and gaming, both land-based and online, across the Canadian provinces.
Joining the CGA highlights mkodo’s dedication to delivering high-quality, secure, and user-friendly products and services that meet the changing needs of iGaming operators and their players, including their geolocation compliance service, GeoLocs, that is used by lottery operators across Canada, including OLG and WCLC, along with iGaming operators and platforms in Ontario including White Hat Gaming,, Casino Time and Betty.
Stuart Godfree, Managing Director of mkodo, said of the new partnership: “We are thrilled to join the Canadian Gaming Association, an organisation that plays a crucial role in shaping the future of the regulated gaming industry in Canada. This membership aligns perfectly with our mission to provide exceptional user experiences in iGaming and Lottery and reinforces our commitment to supporting responsible gaming initiatives within Canada. We look forward to collaborating with CGA members to drive forward the industry’s standards and innovation.”
Paul Burns, President and CEO of the Canadian Gaming Association, welcomed mkodo to the association, saying: “We are delighted to have mkodo join our membership. Their expertise as the leading mobile apps and geolocation supplier to Crown Corporations Lotteries will be a valuable addition to our community.”
Canada
Casino Time Partners with GeoLocs for Enhanced Geolocation Compliance in Ontario
![casino-time-partners-with-geolocs-for-enhanced-geolocation-compliance-in-ontario](https://igamingradio.com/wp-content/uploads/2024/06/132541-casino-time-partners-with-geolocs-for-enhanced-geolocation-compliance-in-ontario.png)
GeoLocs by mkodo, proven and trusted provider of geolocation services built exclusively for the iGaming industry, is excited to announce its partnership with casino operator, Casino Time. This collaboration marks a significant milestone in delivering secure and seamless online gaming experiences to Casino Time players in Ontario.
With the legalisation of iGaming in Ontario 2 years ago, regulatory compliance and player safety are top priorities for operators across North America. GeoLocs state-of-the-art geolocation compliance technology, coupled with its dedication to data protection (as seen by the recent ISO certification), provide Casino Time with guaranteed compliance while prioritising player privacy.
Through GeoLocs’ intuitive and easy-to-implement SDK and the highly self-serviceable GeoLocs platform, Casino Time provides its players with a seamless user experience, requiring no additional downloads, resulting in uninterrupted access to their favourite games while maintaining compliance with Ontario’s iGaming regulations.
Jeffrey Holmes, COO at Casino Time said: “Casino Time’s mission is to create the best possible gaming experience for its users and partnering with GeoLocs for our geolocation verification service means that we can provide our players with an online casino experience like no other. An experience that is secure and seamless, whilst also remaining compliant with regulations set out by the province of Ontario. The support provided by the team at GeoLocs has been incredible and their knowledge of geolocation and the Ontario market is second to none. With GeoLocs, we can ensure that our operations meet regulatory requirements while delivering a frictionless experience for our players.”
Stuart Godfree, Managing Director at mkodo, said: “We are excited to partner with Casino Time to support their expansion into the Ontario iGaming market. GeoLocs is designed to prioritise data protection and regulatory compliance while delivering a seamless experience for both operators and players. With GeoLocs technology, Casino Time can operate with confidence, knowing that they are meeting regulatory standards and providing their players with a safe and secure gaming environment.”
The partnership between GeoLocs and Casino Time demonstrates a shared commitment to excellence, compliance, and player experience in the iGaming industry. By leveraging GeoLocs’ advanced geolocation technology, Casino Time aims to enhance its position as a leading provider of online gaming experiences in Ontario.
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