Ricardo Amper: “We have simplified and fast-tracked the ID verification process”

Casino Guru has caught up with Incode Technologies founder & CEO Ricardo Amper at a time of dramatic shift in the gambling industry's regulatory standards, which have been rising. Incode Technologies has made it possible to respond to the demand for frictionless and fast-tracked AML and KYC solutions in the sector that are based on efficiency and transparency, but above all else, Incode and its platform, Incode ID, is a conduit for efficient, secure and user-powered interactions.

Q: IncodeTechnologies has been driving steady forays into the gaming industry of late. Has this always been a focus for you, or are you responding to the growing regulatory standards worldwide?

WhileIncodeTechnologies has always maintained a strong focus on the gaming industry, our recent momentum is partly a response to the rising regulatory standards across the globe. These regulations have introduced a more standardized approach to KYC and AML checks, enabling us to create customized processes that enhance user experience while ensuring compliance with these standards.

Q: Do you believe that financial checks, AML, KYC, and Identity Verification onboarding has been simplified by your product to the point where regulatory changes demanding stricter controls wouldn't disrupt the customer acquisition process?

Our commitment to user-centricity is exemplified byIncodeID, our interoperable and reusable identity solution. By allowing users to onboard with previously verified credentials, we've dramatically simplified and fast-tracked the identity verification process. Through passive checks like database cross-references, behavioral biometrics, and our sophisticated fraud signal model, we ensure that 'good users' experience minimal interruptions. For profiles deemed riskier through our predictive mechanisms, more comprehensive checks are conducted.IncodeID also addresses the inherent rigidity found in traditional tools, enabling effortless replication of existing processes, customization for specific regions or user types, and real-time decision-making without the need for separate cloud or database connections.

Q: In light of the previous question, how are consumers responding when they need to go through AML and KYC processes in the gambling industry? What are your observations of this process, and isIncodeable to assuage consumer concerns as they arise?

Consumers in the gaming industry, like in any sector, value efficiency and transparency when undergoing AML and KYC processes.Incode's onboarding and authentication solutions are designed to prioritize both data protection and user experience. We seamlessly integrate into the services they are already using, eliminating the reliance on third-party services for validation or liveness checks. In doing so, we become an integral part of their journey rather than a mere gatekeeper, addressing consumer concerns and ensuring a smoother process.

Q: What are the key challenges to the broader adoption ofIncodeTechnologies-like solutions among operators? Are companies aware of the necessity for such solutions, or do they view this more as a cost than an asset?

A central challenge lies in shifting perceptions: transitioning from regarding solutions solely as regulatory tools to recognizing them as catalysts

for growth.IncodeID leads this transformation by not only providing users with a reusable identity and streamlining verification but also by relieving companies of the responsibilities and risks tied to personal data storage. This dual-pronged approach not only shields businesses from potential fraud but also enhances the agility of user onboarding. With users retaining full control over their identity, dictating what to disclose and to whom, it fosters a trustworthy ecosystem. Enterprises harnessingIncodeID's capabilities are experiencing its potential in safeguarding interests and propelling growth.

Q: Apart from regulations becoming stricter about a timely AML and KYC, Identity Verification process, do you see other areas where regulators are upping the ante and whereIncodeTechnologies might step in?

The demand for reliable identity verification extends beyond just AML and KYC requirements. We've seen tightening regulations in areas like social media age verification, controlled substance deliveries, video streaming, and access to adult content. To address these, we've introduced specialized verification flows, akin to our solutions in the gaming industry, making accurate age verification a seamless process for users.

Q: What's next forIncodeTechnologies in the online gaming industry?

Our primary objective is to expand the reach and adoption ofIncodeID. This platform is more than just a verification tool; it’s a conduit for efficient, secure, and user-empowered interactions. By offering users a reusable identity, we enable them to effortlessly navigate verification processes, all while maintaining full control over their personal data and its accessibility. For businesses, this translates to accelerated onboarding procedures and a substantial reduction in liabilities associated with data storage and potential breaches. Additionally, our adaptable workflows cater to the diverse needs of businesses, accommodating regional regulatory variations and individual risk preferences. We are reshaping the identity verification paradigm, placing user control and business agility at the forefront.

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