AI-powered identification specialist Jumio has partnered with igaming cryptocurrency CasinoCoin to provide real-time KYC/AML-compliant ID verification for users of CasinoCoin’s new Bankroll Manager wallet.
The collaboration removes the need for players to verify themselves every time they register with a new operator.
The CasinoCoin blockchain technology will enable players to complete transactions in fewer than five seconds, with a single KYC verification step within their Bankroll Manager wallet, significantly boosting operational efficiency.
Using Jumio’s Netverify ID Verification, new Bankroll Manager users can verify a government-issued ID document via their smartphone or laptop cameras almost instantly, helping them to open an account in seconds.
Anies Khan, head of gaming at Jumio, said: “CasinoCoin offers a radical solution to the gaming market, reconciling companies’ desire to provide a smooth user experience with the requirement to comply with strict KYC/AML regulations.
“Working together, we’re confident that we can support the company in meeting both of these goals, providing benefits for both users and gaming operators well into the future.”
John Caldwell, director of advocacy for the CasinoCoin Foundation, added: “Jumio has been supporting organisations in both the online gambling and cryptocurrency spheres for a long time now, and has established a formidable reputation as a KYC partner.
“This made them the obvious choice for us when seeking out an ID verification solution for our Bankroll Manager wallet. They have played an integral part in helping us create a near-perfect AML environment that utilises Jumio’s latest KYC technology coupled with our new, proprietary AML tracking tool, to provide regulators with the most secure and transparent funding system available today.”
The CasinoCoin Bankroll Manager will be available for customers to download towards the end of Q2.