Entain reveals KYC enhancements

Business News

Entain is strengthening its identity, financial and credit checks to augment its experience for customers with the adoption of state-of-the-art automated processing developed for use in banking, cyber-security, defence, and law enforcement.

Entain is  the first major sports betting and gaming operator to adopt the ground-breaking technology from Synalogik.

This innovative solution enables automatic checking and risk-scoring of thousands of customers simultaneously, providing accurate risk and open source intelligence reports in seconds rather than hours or even days with traditional methods. This significantly improves response times for customers whilst ensuring full compliance with regulatory requirements, which differ considerably across jurisdictions.

“This delivers on our vision of leveraging innovation and technology to create the best experience for every customer whilst delivering the highest standards of compliance effectiveness and corporate governance,” said Brendan MacDonald, Director of Customer  Protection at Entain.

Synalogik’s technology is also employed by law enforcement agencies, and in the cyber-security, insurance, banking sectors. By giving Entain simultaneous access to further data providers and other open source solutions, it allows more informed decisions to be taken rapidly and efficiently.  The new system will initially be used across all Entain brands in the UK.

Gareth Mussell, CEO at Synalogik said “we are delighted that Entain is using our Scout system to support its compliance and governance processeses.   This unique solution provides an enriched customer view, in near real-time, drawn from multiple data sources, which enhances decision making and delivers significant efficiency and cost savings.

Synalogik technology is also widely used in the financial services sector, notably by banks and insurance companies. Commercial clients also include NatWest Group, O2, Telefonica, Marble Arch Insurance and Innovate UK.