ARGOS TOP KYC Solutions provider for iGaming Market!
ARGOS: The Top KYC Solutions Provider for the iGaming Market
Over the past 20 years, the iGaming industry has evolved from a niche market for poker and casino enthusiasts into a massive industry expected to surpass $150 billion by 2025. From a value of $23.5 billion in 2008, the market has grown to an astounding $117.5 billion, as more countries globally have begun to recognize the influence of the internet and the need for comprehensive iGaming regulations. With a projected shift toward stricter regulations and more intense competition, 2025 will be a year of major transition for the global iGaming industry.
In this environment, iGaming platforms must not only offer entertainment but also achieve a delicate balance between security, regulatory compliance, and a seamless user experience.
Evolving Fraud Methods in iGaming : Demanded age certification & identity certification
Due to high liquidity, the iGaming industry is particularly vulnerable to fraud and financial crime. Operators face several key types of fraud:
Bonus Abusing: Creating multiple fake accounts to repeatedly claim new-user bonuses.
Multi-Account Creation: A single individual registering with multiple emails, phone numbers, or IDs to manipulate game mechanics or increase winning chances. This is often difficult to detect with traditional methods.
Identity Theft: Using someone else's personal information or ID to register, withdraw funds, or access restricted areas. This is often done using sophisticated methods like synthetic identities and Deepfakes.
VPN/Proxy Usage: Masking one's real location to bypass geographical restrictions or access country-specific bonuses and exclusive games.
Why Identity Verification is Essential in iGaming
Robust identity verification in the iGaming industry is not just about preventing fraud; it's a critical element for ensuring a platform's sustainability and trustworthiness.
Strict Regulatory Compliance: Regulatory bodies worldwide have intensified their oversight of Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures. Operators must now comply with global frameworks like GDPR, CCPA, and ISO 27001, facing immense fines or license revocation for non-compliance. For example, in Curaçao, 12 online casino operators were recently fined for KYC implementation failures.
Responsible Gaming: Age verification and measures for self-exclusion and setting deposit limits are required to prevent access by minors and promote a responsible gaming environment. Jurisdictions like Curaçao are making responsible gaming policies a condition of licensing.
Fair Play and Building Trust: Blocking multi-account fraud and cheating ensures a fair gaming environment for all players and builds trust within the user community, which is crucial for a platform's growth.
The ARGOS and GeoLocs Partnership in iGaming Industry
In a continuously changing regulatory landscape, iGaming operators require integrated solutions to manage complex security and compliance challenges.
GeoLocs provides location-based compliance tools that accurately determine if a user's location is legally permitted to access the platform. In contrast, ARGOS offers AI-powered eKYC and Face ID technology to precisely verify the user's identity.
Through their partnership, iGaming platforms can establish a robust onboarding system that verifies both "where" the user is located and "who" the user is. For example, to meet Ontario, Canada’s strict residency rules, GeoLocs verifies the user's location, while ARGOS uses ID card OCR and facial recognition to verify their identity, ensuring full legal compliance.
ARGOS's Differentiators
ARGOS offers a KYC solution optimized for the unique demands of the iGaming industry, balancing speed, security, and user experience.
1. Powerful Security and Fraud Prevention Features
AI-Based Forgery Detection: Beyond basic character recognition, ARGOS's document analysis engine performs a multi-dimensional analysis of submitted IDs. It examines font distortion, background noise, and border irregularities to precisely detect manipulated or screen-captured documents.
Face ID + Liveness Detection: This technology goes beyond a simple face match. It uses AI to determine if the user is a live, physically present person to prevent spoofing attempts using Deepfakes, video replays, or static images.
Duplicate User Detection: By using face data, ARGOS can accurately identify and block users who attempt to create multiple accounts or access a platform from various locations to bypass rules.
2. Optimized Onboarding Experience
Web-Based Authentication (App-Free): Users can complete the verification process directly from their web browser without needing to download a separate app. This method can reduce user drop-off by up to 40%.
Super-Fast Processing: The AI-powered, real-time OCR and facial recognition allows eKYC to be completed in under 30 seconds, which is approximately 50% faster than the industry average, significantly reducing user wait times.
Customizable UX Flow: The system is designed to be highly flexible. Operators can easily adjust the number of verification steps and customize on-screen text and prompts to fit their platform's specific UI/UX, ensuring a seamless and non-disruptive onboarding process.
In the iGaming industry, onboarding is more than a technical hurdle; it's a process of building trust and ensuring the long-term sustainability of your platform.
ARGOS's eKYC and Face ID solutions provide a flexible authentication framework that helps operators comply with regulations, prevent fraud, and deliver an optimal user experience simultaneously. When integrated with GeoLocs, this dual verification strategy confirming both "where" a user is and "who" they are becomes the most powerful tool for operators and the strongest shield for players.