With a user-friendly interface and customizable verification flow, the “1-click solution” verification acts as a fraud shield – fully complying with AML (Anti-Money Laundering) regulations, keeping global approval rates high for 10bet. With it, it is possible to instantly verify bettors from Brazil without scanning documents. All they have to do is provide their social security number and go through a quick liveness check (facial biometrics).
This extremely fast, document-free verification process is possible due to Sumsub's direct access to government databases in Brazil, containing full names, dates of birth, addresses, photos and other details of citizens. All data is crossed automatically and Brazilian users do not need to upload any documents, as they are used to providing their CPF number to access various services.
“We are excited about this partnership between 10Bet and Sumsub. By combining our online sports betting expertise with Sumsub's world-class verification technologies, we are confident we can simplify the onboarding process for our global punters and enjoy higher user approval rates, mitigating fraud risks and protecting responsible gaming,” says Nir Saadon, COO of 10bet.
According to Andrew Sever, co-founder and CEO of Sumsub, the platform is designed to simplify and streamline the onboarding process for companies, ensuring the highest level of compliance and improving user conversion.
“Offering our documentless verification to Brazilian punters brings us a special joy, as Brazil is an important market. Sumsub provides a full stack of services for online gaming operators, constantly working to improve service quality and stay ahead of the game,” commented Sever.
Sumsub is a full-cycle verification platform that protects the entire user journey. With customizable KYC, KYB, transaction monitoring and fraud prevention solutions, it is possible to orchestrate the verification process, welcome more customers worldwide, meet compliance requirements, reduce costs and protect your business. There are more than 2,000 customers in the fintech, crypto, transport, commerce, e-commerce and gaming industries, including Binance, Mercuryo, Bybit, Huobi, Unlimitt, DiDi, Poppy and TransferGo.
10bet is one of the leading international online operators and for nearly 20 years has been providing millions of players with high quality sports betting and casino experiences. The platform takes a customer-centric approach offering a wide range of sports and markets to bet on, with a user-friendly and intuitive interface, rewarding and engaging gameplay, great odds on all sports and fast payouts.
Source: GMB
