Novibet, a leading online gambling platform, has recently announced its partnership with FullCircl’s identity solutions platform, W2, in a move aimed at enhancing digital compliance and ensuring a safe and secure gambling environment for its customers.
Novibet Selects FullCircl’s W2 as Digital Compliance Partner
Access to Comprehensive Anti-Money Laundering Solutions
One of the standout features of this collaboration is Novibet’s access to W2’s suite of Anti-Money Laundering (AML) solutions. With this partnership, Novibet will have the capability to access global sanctions, Politically Exposed Persons (PEPs), and watchlist data from key jurisdictions across South America, North America, and the EU through a unified API access point.
Preventing Money Laundering with Advanced Screening
Novibet’s adoption of W2’s solutions enables it to screen millions of records monthly, allowing for effective prevention of money laundering at various stages, including initial onboarding, ongoing monitoring, and transaction points. This proactive approach ensures a stable foundation for Novibet’s expanding customer base and reinforces its commitment to regulatory compliance.
Testimonials from Industry Leaders
Novibet Leader Perspective
Giannis Papastamou, Head of Customer Compliance & Group MLRO at Novibet, expressed confidence in the partnership, stating, “W2 came highly recommended by DTI Solutions, a leading cyber security integrator to the gambling industry. This collaboration underscores our dedication to maintaining the highest standards of regulatory compliance and ongoing player protection while delivering a seamless and secure gaming experience for our customers.”
Fullcircl Head of Customer Success Insight
Jess Whitehouse, Head of Customer Success, Identity Solutions at FullCircl, echoed Papastamou’s sentiments, stating, “We are delighted that Novibet has selected W2 by FullCircl. We’re providing them with a best practice approach to gambling compliance, including non-intrusive identity verification checks that balance the need for customer due diligence (CDD) with frictionless onboarding and superior player experience.”
Exploring Integration Opportunities
Papastamou also hinted at future collaboration possibilities, stating, “Based on what we’ve seen so far, we’re already keen to explore ways to integrate more of the W2 product suite into our platform.” This indicates Novibet’s commitment to leveraging W2’s solutions to further enhance its compliance measures and deliver exceptional customer experiences.
Conclusion: Novibet’s Partnership
Novibet’s partnership with FullCircl marks a significant step towards ensuring regulatory compliance and maintaining a secure gambling environment for its customers. With access to advanced AML solutions and a commitment to ongoing collaboration, Novibet is well-positioned to uphold the highest standards of regulatory compliance while delivering a seamless gaming experience.
FAQs About Novibet’s Partnership with FullCircl’s W2
1. What is Novibet’s partnership with FullCircl’s W2 about?
Novibet has partnered with FullCircl’s W2 to enhance digital compliance and ensure a safe and secure gambling environment for its customers.
2. What are the key features of this partnership?
One of the key features is Novibet’s access to W2’s suite of Anti-Money Laundering (AML) solutions, enabling it to screen millions of records monthly and prevent money laundering effectively.
3. How does Novibet benefit from W2’s solutions?
Novibet gains access to global sanctions, Politically Exposed Persons (PEPs), and watchlist data from key jurisdictions, ensuring compliance with regulatory requirements across South America, North America, and the EU.
4. Who recommended W2 to Novibet?
It came highly recommended by DTI Solutions, a leading cyber security integrator to the gambling industry, reinforcing Novibet’s confidence in the partnership.
5. What is the significance of this collaboration for Novibet?
This collaboration underscores Novibet’s commitment to maintaining the highest standards of regulatory compliance and player protection while delivering a seamless gaming experience.
6. How does FullCircl’s W2 contribute to Novibet’s compliance efforts?
It provides Novibet with a best practice approach to gambling compliance, including non-intrusive identity verification checks that balance the need for customer due diligence with frictionless onboarding and superior player experience.
