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Baltics

Twain Sport celebrates launch with Lithuanian basketball champions

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Rytas Vilnius 2022 LKL winners try out new revolutionary sport

 Twain Sport, powered by the Hybrid Sports League and technology partner BetGames, hosted Lithuanian basketball champions Rytas Vilnius, to commemorate the launch of its new specialised hybrid sports vertical (T-Basket).

The recent 2022 Lithuanian Basketball League champions were the first professional team to participate in Twain Sport’s new hybrid basketball tournament (T-Basket), which is set to be launched by the Hybrid Sport League in collaboration with its partner company, BetGames.

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The day’s celebratory competition with Rytas Vilnius saw the league’s top players compete head-to-head in 60 seconds of action to score the most points while shooting from different distances, randomly selected by computer.

Rytas Vilnius sports director, a former basketball player and 2009 EuroCup champion, Donatas Zavackas, ended the day by winning both tournaments played.

The Hybrid Sport League is the sport’s governing body and will coordinate and supervise the exciting new events schedule, which is set to commence in August 2022 in custom-built arenas across selected European locations.

Twain Sports’ series of hybrid tournaments will offer premium high-frequency action-packed sports, starting with T-Basket, with will deliver a full, head-to-head tournament every single hour – totalling a new match every three minutes.

The highly anticipated league is set to satisfy the demand for increased live sport with a high-frequency entertainment format, while maintaining the highest integrity protocols with safeguarding systems.

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Commenting on the event, BetGames’ CEO Andreas Koeberl said: “It was a fantastic occasion to welcome the Vilnius Rytas basketball team to experience the thrill of T-Basket. Top professional athletes competing against each other in such an environment was great to see and made the absolute most of the new concept.

“Twain Sport is all about fast-paced entertainment, and with the tournaments going live in a matter of months, we are really excited to be partnering up as we begin announcing our first operator deals. Alongside this, we’re also going to be rolling out our football-themed tournaments (T-Kick) and more in 2023 and beyond.”

Giedrius Žibėnas, Head Coach for Vilnius Rytas added: “It’s an exciting opportunity to try this new concept, combining a fresh idea of entertainment and sport. The players never know if they are the winner or loser until the score appears at the end, creating a very competitive environment, even for professional athletes.”

“Nobody was entertained with 3×3 basketball at first – and while they said it’s impossible to become part of Olympics, we’ve already seen it expand into what it is today. I believe the same is true here. Even pro players are now choosing between 3×3 or 5×5 basketball. If you expand globally, you will find your audience.”

Chairman of the Hybrid Sports League, Sarunas Mazalas commented: “Our partnership with BetGames is a massive step forward for the Twain Sport project. Our league will now be streamed all around the world and we’re ready to transform the world of sports. It’s been a pleasure to host the Vilnius Rytas team and get the approval of a winning team to our winning concept.”

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Baltics

Evoplay expands Baltic presence with new Optibet collaboration

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Evoplay, the award-winning game development studio, has announced its latest partnership with leading Baltic operator Optibet, part of Entain, marking a strategic expansion in Lithuania and Estonia.

Through the agreement, Optibet now offers over 70 of Evoplay’s premium slot titles to its customers in both markets, including popular games such as The Greatest Catch Bonus Buy, Elven Princesses, and Fruit Super Nova.

Optibet, part of global gaming giant Entain, is a trusted operator across the Baltics, providing Evoplay with a solid foundation to grow its presence in the region.

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This exclusive partnership underscores both companies’ commitment to delivering top-tier gaming experiences and increasing engagement within these key markets.

Ihor Zarechnyi, CBDO at Evoplay, said: “We’re thrilled to partner with Optibet, a trusted name across the Baltics, to bring our games to players in Lithuania and Estonia.”

“This collaboration marks an important step in our commitment to expanding in regulated markets and offering tailored experiences that resonate with local audiences.”

Janis Bariss, Entain Head of Gaming Baltics & Nordics, said: “Optibet is dedicated to providing our players with the best in gaming entertainment and partnering with Evoplay allows us to deliver an exciting range of content that adds real value to our portfolio.”

“Evoplay’s innovative approach and diverse game selection will be a fantastic addition to our online casinos in Lithuania and Estonia, and we’re looking forward to seeing the impact it has on our audience.”

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Baltics

Lithuania to Ban Gambling Ads

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The Lithuanian parliament on Tuesday approved restrictions on gambling advertising, set to take effect from next July.

The amendments to the Gaming Law, passed with 73 votes in favour and one abstention, will introduce a ban on gambling advertising starting in July 2025. Exceptions will apply to sports competitions and events, as well as sports sponsorships and broadcasts of sports competitions, which will have a transitional period until January 1, 2028.

Next year’s budget for the Media Support Fund earmarks an additional 4 million euros to compensate media organisations for lost advertising revenue.

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Among other things, MPs backed a proposal from the parliamentary Committee on Budget and Finance to have a transitional period until the end of 2027, allowing up to three betting ad spots of under 15 seconds each per hour on television, radio and online between 06:00 and 18:00 and up to two per hour between 18:00 and midnight.

For online media, betting ads without a direct link to the gaming operator’s website will be limited to 20% of advertising space from 06:00 to 18:00 and 10% until midnight.

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iDenfy Partners with Confindo to Enhance Security and Prevent Loan Fraud

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iDenfy, an AI-powered identity verification, compliance and fraud prevention solutions provider, has partnered with Confindo, a leading provider of IT solutions specialising in customer relationship management (CRM) tools for group companies and external partners. This collaboration will help Confindo manage third-party risks and ensure proper fraud and breach prevention while building a seamless and secure verification experience.

The rise in digital transactions has made robust security measures more critical than ever. With security challenges like forged documents and synthetic identities, particularly in the financial and lending sectors, companies increasingly seek advanced solutions to protect their customers. Spending on information security and risk management products and services is expected to grow by 14.3% this year, reaching more than $215 billion. However, many companies operating in the financial sector see fraud as a top priority on the list, where even a single breach can have significant legal and reputational consequences.

Confindo, a dominant player in the consumer lending market since 2018, recognised the importance of securing its platforms against potential threats. Brands under the “Confindo” name, like Lenders, Bancovo, Comparar Prestamos mainly serve as intermediaries for consumer lending services. Consequently, the business is best known for representing over 20 banks and creditors in Lithuania and processing more than 10,000 inquiries monthly. As the business experienced a high volume of requests and new registrations, it required a new trusted Know Your Customer (KYC) vendor to help safeguard its operations, especially in this expansion stage across Europe.

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According to Confindo, its recent operations in Latvia and upcoming launches in two new markets also showed a need for extra automation measures in its customer onboarding process. Before partnering with iDenfy, the IT and financial service provider aimed to build a conversion-optimised verification workflow that could remove the hassle around the application onboarding process. Among several identity verification providers, Confindo selected iDenfy for its reliable and efficient identification verification solution. The new software, already trusted by other platforms under Confindo’s management, stood out for its smooth integration with existing systems and provided a comprehensive global document base for more efficient scaling into new markets.

iDenfy’s ID verification solution is designed to automatically recognise, verify and extract information from over 3000 identity documents across 200 countries and territories. This comprehensive approach helps Confindo ensure that all possible safety measures are in place to prevent fraudulent loans, a key concern in the rapidly growing consumer lending sector.

It is worth mentioning that iDenfy is ranked as the top 1 identity verification solution in customer satisfaction on G2, boasting an average of 4.9 stars and over 70 reviews in 2024. This recognition underscores iDenfy’s commitment to providing high-quality, reliable services and prioritizes online user identification security.

“We chose iDenfy because their solution is not only trusted and tested but also perfectly aligns with our commitment to ensuring the highest level of security for our customers,” said Eitautas Bartuškevičius, CEO of Confindo.

Domantas Ciulde, CEO of iDenfy, said: “We’re thrilled to collaborate with Confindo in their mission to enhance security within the consumer lending space. By integrating our ID verification solution, we’re helping them create a safer, more reliable platform for their users across multiple countries.”

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