The gaming industry in Europe is growing in all fields and compliance is one of the biggest issues driving the sector at present. The regulatory authorities in many countries set strict age verification requirements to ensure maximum security.
Your solutions or products should not only be available online but also on mobile devices. Transactions are nowadays increasingly finalised using mobiles. This is where the user experience also takes priority. Whoever offers intuitive, quick and easy solutions wins the customers.
The gaming industry in Europe is growing in all gaming fields, and it is expected to generate up to EUR 180 billion by 2021. During 2018 over 2 billion people were engaged in various types of gaming activities from console and casinos to mobile gaming.
In Germany, The main legal framework governing online gambling is the Interstate Treaty for Gambling. However gambling law falls primarily to the 16 individual states. Germany’s State Treaty will begin a new more streamlined process to regulate operators entering the German sports betting market. Between January 2020 and 2021 Germany will offer operators licenses for online sport’s betting with a renewal period for the next coming years. Whether online casinos will be included in any new agreements for all 16 German states is yet to be determined. As such, Schleswig-Holstein is currently the only German state to license and regulate online casinos.
Officials from all German states are expected to present proposals for online casinos by October this year as Germany hosts some of the best online gambling venues and is listed under Best Casinos, one of the biggest gaming authority directories. Germany plans to strengthen the industry as a whole offering a regulated market open to operators from Germany as well as the EU. In Germany identification and verification rules are prescribed under the Federal Financial Supervisory Authority, BaFin, which prescribes video identification for obliged entities, including operators of games of chance. Under the Fifth EU Anti-Money Laundering Directive, gaming service providers will continue to follow video identification regulations for AML and KYC obligations in Germany.
In our business, flexible customer service, security and legal compliance are crucial. With its online identification solution, IDnow offers us the very best in all areas. Many customers use our services via smartphone using our app while on the move. With IDnow AutoIdent, we can now accept orders independently from our service centre around the clock – worldwide. This will enable us to meet increasing global demand and provide our users with a perfect customer experience from the moment they sign up, without making any compromises regarding legal compliance.
In May of this year, the UK Gambling Commission set out new regulations that make online gambling safer and more fair. New rules prescribe that operators must verify customer age before the customer can deposit funds into an account or gamble with the licensee using their own money or a free bet bonus. The Commission also requires customers to be age verified before accessing free to play versions of gambling games on any licensee website. These new developments intend to help operators prevent and detect criminal activity and underaged and or the vulnerable from gambling. With the upcoming Fifth EU Anti-Money Laundering Directive, gaming service providers are considered obliged entities required to follow AML and KYC regulations. The UK is expected to continue following AML regulations under the EU Directive despite new processes under Brexit.
A solid and secure age verification process makes the gaming industry a safer place for everyone. With IDnow AutoIdent this step is easy, uncomplicated and fully online. Your customers register themselves on the website or app and then directly go to the fully automated identification process. Within minutes a customer is verified and able to start using your products and offers.
