Betway Taps Accuity to Streamline its Account and Payments Screening Processes

Betway Taps Accuity to Streamline its Account and Payments Screening Processes
13.10.2016 10:15 am

Betway Taps Accuity to Streamline its Account and Payments Screening Processes

Payments , Infrastructure

Betway has selected Accuity to streamline its account and payments screening processes and help better identify financial crime risk, highlight potential sanctions breaches and flag potentially high-risk customers.

Tom Golding, Accuity EVP, Risk and Compliance, Product and Strategy, commented: “Money laundering is an increasing concern across multiple industries, and international regulations are becoming tighter as a consequence. For companies in the gaming sector, understanding the risk of doing business is the most important step in protecting themselves from facilitating financial crime.”

By implementing Accuity’s financial crime compliance data and technology, Betway is able to provide significantly more robust customer screening, strengthening the existing Know Your Customer measures that are in place within its business. Betway will be using an Accuity financial crime screening solution, Firco Compliance Link, together with our Global WatchList® data offering – a comprehensive collection of heightened risk lists from all major sanctioning bodies, law enforcement agencies and financial regulators worldwide and including adverse media and enhanced due diligence data.

Anthony Werkman, Betway Director, commented: “Betway operates in multiple regulated markets across the globe and it is important that we are constantly improving our understanding of who our customers are in all jurisdictions. Compliance and anti-money laundering are at the heart of Betway’s growth and vision, which is why this partnership with Accuity is so important.”

Related News

STMicroelectronics and Fingerprint Cards Cooperate to Develop and Launch an Advanced Biometric Payment Card Solution

World-leading biometric company Fingerprint Cards AB (Fingerprints) has teamed with STMicroelectronics (NYSE: STM), a global semiconductor... Read more »

Businesses will risk recovery unless $20 billion online payments hole is plugged

The economic recovery could be reduced or delayed unless businesses plug an annual $20bn hole in online transactions, according to a new study by fintech unicorn, ... Read more »

Ingenico helps digital businesses scale at pace

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, today unveils a ... Read more »

True Name™ Card to be made available across Europe

Today, Mastercard has announced their commitment to bring the True Name card to Europe in 2020, enabling people to reflect their preferred... Read more »

Danske Bank opens up for payment initiation with Nordic API Gateway

The open banking platform, Nordic API Gateway, announces that it has extended its partnership with Denmark's leading bank to enable customers to pay from other... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel