Mobile identity platform Yoti and GBG have been selected as an ID provider for FunFair Technologies’ new blockchain-powered KYC.
FunFair, a decentralised B2B casino platform, has launched FunPass, a blockchain-based solution that streamlines the registration process for both players and casino operators.
Yoti and global identity data intelligence specialists GBG will be among the first partners to integrate into FunPass, with more to follow as the tool improves its flexibility to operators.
Thom White, Future Technologies Lead at Yoti said: “We’re delighted to be working with FunFair Technologies to make the gaming experience better for operators and players with Yoti’s digital identities.
“FunFair shares our dedication to transparency and building trust between businesses and consumers – the FunPass solution uses Yoti to provide a simple, private and secure way for people to prove their identity on all FunFair powered casinos.
With FunPass casino players will need only go through the KYC procedure once to be able to play on any FunFair-powered casino, while operators will have a choice of provider dependent on their regulatory requirements and personal preference.
Following successful registration, which takes just a few seconds, the player’s Ethereum wallet is tagged on the blockchain with the approval. This is the only user data held on the blockchain, with minimal personal information held in a private FunFair server for regulatory purposes.
In the future FunFair will have the capacity to link into national self-exclusion databases, as it will hold a bank of approved player wallets across all operators.
Founded in 2014, Yoti is a London-based technology company on a mission to become the world’s trusted identity platform. It enables people to create their digital identity using biometrics and a passport or driving licence, removing the need for paper IDs, photocopies, usernames and passwords.
Headquartered in the UK, GBG enables companies and governments to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in our society. The company provides identity verification, document validation, fraud detection and KYC/AML checks.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
