Nevis for iGaming

The UK Gambling Commission is the UK's main regulator for the iGaming industry. It issues licences to operators and enforces regulations on player protection, responsible gambling and anti-money laundering (AML). Some of the key regulations in the UK are:

• The Gambling Act 2005
• The Proceeds of Crime Act 2002
• The Money Laundering, Terrorist Financing and Transfer of Funds (Payer Information) Regulations 2017.

In Germany, the State Treaty on Gambling represents the most important regulation for the iGaming industry. This treaty aims to protect consumers and prevent problem gambling. Some of the most important regulations in Germany are:

• The State Treaty on Gambling (Glücksspielstaatsvertrag).
• The Interstate Treaty on the Protection of Minors (Youth Protection Act).

In Switzerland, the Federal Gaming Commission is responsible for the supervision of the gambling industry. The principal regulations include:

• The Federal Act on Games of Chance and Casinos.
• The Money Laundering Act (GwG).

The Federal Ministry of Finance regulates the gambling industry (iGaming) in Austria. The main regulations include:

• The Austrian Gaming Act (Glücksspielgesetz).
• The Anti-Money Laundering Act (Geldwäschegesetz)

In iGaming, ePrivacy regulations and strong authentication measures complement each other to provide a secure and privacy-compliant user experience.

The ePrivacy regulations require iGaming operators to implement appropriate security measures to protect user data, including strong authentication methods such as two-factor authentication (2FA) or biometric authentication (ID verification). By requiring users to provide two forms of identification, strong authentication and using the additional layer of security significantly reduces the risk of unauthorised access to a user account. 

Nevis is FIDO certified and DSGVO compliant, helping to meet all regulatory requirements.

iGaming operators are exposed to various types of attacks as they store sensitive data of their customers and conduct monetary transactions. Nevis protects the platform from a range of attacks including ATO, scraping, phishing, social engineering and denial of service attacks. Nevis enables leading anomaly detection technologies to be united on one platform and delivered as a central service to all applications.

Through multi-factor authentication, Nevis enables gaming operators to increase customer loyalty by providing a seamless and personalised customer experience and enabling maximum user convenience. Through biometric authentication methods such as facial recognition or fingerprint, customers can easily and securely log into their accounts to access games, betting and other services - while providers can cater to customers' individual needs and preferences to create a personalised experience.

As iGaming and sports betting companies expand, they rely on managing a large and growing user base. Nevis CIAM solutions are designed to be scalable so that companies can easily manage a high number of players and adapt to changing economic conditions with ease.

In Friendly Fraud, the customer may have made a legitimate purchase or placed a bet, but later disputes the debit on the grounds that they did not receive the goods or services or that the debit was unauthorised. This can be difficult for iGaming operators to detect and prevent, as the customer may have no malicious intent.

In chargeback fraud or fraudulent purchaser fraud, the customer intentionally makes a purchase or bet with the intention of later disputing the settlement and receiving a refund. This type of fraud is often more difficult to detect and prevent because the customer may have legitimate-looking information and credentials that make it appear that the transaction was legitimate.

To combat this type of fraud, iGaming operators have a number of options, including the following

• Using strong authentication measures such as multi-factor authentication (MFA) and ID verification through biometric verification to ensure that only authorised users can access accounts and conduct transactions.
• Use fraud detection and prevention tools and transaction confirmations to identify suspicious transactions and flag them for further review.
• Monitoring and analysing user behaviour through Behaviour User Analytics to identify fraud patterns or suspicious activity.