Supplier of global financial crime protection services TruNarrative has been selected as BetConstruct’s new compliance lead, strengthening its transaction monitoring capabilities.
Under the terms of the new partnership, BetConstruct will be able to strengthen its onboarding, risk, fraud and responsible gambling procedures by integrating TruNarrative ‘single platform’ KYC solutions.
The agreement will allow Vbet and other operator partners on the BetConstruct platform to meet a wide range of regulatory requirements in markets around the world.
David Webb, Compliance Manager at BetConstruct, said: “We work across such a large number of jurisdictions that it is vital for us to partner with someone that can provide access to multiple solutions that allow us to align with ever-changing regulatory environments.
“The TruNarrative solution provides multiple suppliers and data points and because it is offered via a single platform and API, has meant a tremendous reduction in technical work on our side. Being able to use it across Vbet and to offer it to our B2B partners is also a huge upside.”
By utilising TruNarrative’s KYC solution, BetConstruct will gain access to data which will facilitate a better understanding of how to protect its players.
Adam Doyle, Head of Gaming at TruNarrative, added: “We are excited to be working with BetConstruct, providing them with access to multiple third-party providers through the entire customer on-boarding journey via a single API.
“BetConstruct is a fast-growing business and requires a supplier that can match this. With the flexibility we offer via 50+ suppliers and the ability to change the process in minutes, our partners can better manage the onboarding process and monitor players once they are signed up.
“With our solution, we can not only help BetConstruct and its partners in their current markets but hopefully help them grow into new markets as they open, making it the perfect partnership.”