Today, we are going to show you how the new identity verification process is working based on gambling regulations. For those who are not yet aware, identity verification is now mandatory upon registration.
Therefore, it is important to understand how the regulation process is already functioning to comply with it.
Mandatory identity verification flow
With the arrival of the ordinance that confirmed the mandatory identity verification upon registration, it is essential that you understand how the new identity verification process should work.
To help illustrate this new process, Legitimuz, Brazil's number one identity verification company for the iGaming market, created the entire design of this new structure that must be followed:
Analyzing this flow, we see that the first step is the consultation of CPF and PEP.
Right in this first step of the process, those who are minors, have a death record, or are PEP will be immediately rejected.
Those who use TOR networks, VPN, or Proxy can optionally be rejected.
All others will pass this stage and go to the anti-fraud process, where the IP of this new player and the device they are using are analyzed.
If approved, they will proceed to the OCR Documentoscopy part, where a complete analysis of the new player's data and documents must be done. If the data does not match the database, they will be rejected.
If the photo is not good at this stage, another photo will be requested.
After passing the documentoscopy part, there is the proof of life stage.
In liveness, the new depositor will go through two options: low similarity or approved.
If the similarity is low, three more attempts are made. If high similarity is still not achieved, they will be rejected.
When the similarity is high, they will be approved and move on to the final stage.
In face match, a comparison is made with the photo in the document.
Importance of speed in the identity verification process
A crucial point is that, as you can see, there are many steps for identity verification to comply with regulations.
If your identity verification technology is slow, for example, the tendency is that you will lose numerous new players - which will cause significant losses for your operation.
Therefore, it is crucial that you have technology capable of performing all these steps as quickly as possible with minimal loss of new depositors.
The technology that the largest betting companies use and that we recommend is Legitimuz.
Legitimuz - The best Brazilian company for identity verification and KYC
Legitimuz is Brazil's number one company in identity verification and KYC for casinos.
Legitimuz's technology is capable of performing the entire identity verification process we showed earlier, which is the correct and mandatory process according to regulations, in less than 30 seconds.
Moreover, Legitimuz's technology has the highest conversion rate in the market and the lowest possible loss.
Therefore, for those who are not yet familiar with Legitimuz, just click the button below and speak with one of the company's specialists.
Talk to Legitimuz
Source: Legitimuz
