With Know Your Customer (KYC) checks becoming all the more mandatory online to prevent fraud, guaranteeing that the person on the other side of the screen is who they say they are is becoming so vital. Yoti, with their digital identity verification system, can help operators make sure everything is on the level. Their CEO and co-founder Robin Tombs joined our Becky Liggero Fontana at ICE London to explain how the system works.
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Yoti was born out of necessity, as so much of the information we use as identity online could easily be copied and used by bad actors. “We kind of realized that name, date of birth, and address check through experience doesn’t give you any comfort, but that’s really the right person,” Tombs said. “So if a fraudster uses your name, date of birth and address, and somebody else’s credit card, they are on the way to trying to commit a fraud. So we always knew online identity, one day, would need to kind of step up.”
The benefit of Yoti is that it not only provides a stronger identification system, but it makes the process easier on the player. “We can age estimate people, so if you’re thirty, forty, fifty, you don’t have to do anything more than just look into the camera, and we then age estimate you and then we delete the image,” he said. “But it allows you to quickly get into your gaming terminal because you are over eighteen.”