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FunFair Technologies launches industry-first, blockchain-powered KYC solution FunPass

FunFair Technologies launches industry-first, blockchain-powered KYC solution FunPassReading Time: 3 minutes

30th August, 2018 London – FunFair Technologies, the leading decentralised B2B casino platform, can today announce the launch of FunPass: a unique, blockchain-based solution that streamlines the registration process for both players and casino operators.

Leading mobile identity platform Yoti and global identity data intelligence specialists GBG will be among the first partners to integrate into FunPass, with more to follow as the tool improves its flexibility to operators.

FunPass is an industry-first, harnessing the blockchain to reduce costs for operators and speed up players’ registration process, lowering the barriers for them to seamlessly jump between FunFair-powered casinos.

With FunPass, players need only go through the KYC procedure once to be able to play on any FunFair-powered casino, while operators will have a choice of provider dependent on their regulatory requirements and personal preference.

Following successful registration, which takes just a few seconds, the player’s Ethereum wallet is tagged on the blockchain with the approval. This is the only user data held on the blockchain, with minimal personal information held in a private FunFair server for regulatory purposes.

Moving forward, FunPass will have the capacity to link into national self-exclusion databases, as it will hold a bank of approved player wallets across all operators, making the process far more consistent and accessible for various stakeholders in the FunFair ecosystem.

FunFair Technologies’ founder and CEO, Jez San, said: “FunPass is bringing player registration into the 21st century. KYC procedures are typically clunky and slow for players, and needlessly expensive for operators, but by using blockchain technology, we’re making it quicker and easier for players to choose where they want to play.

“We’re ensuring that players aren’t put-off by a needlessly long sign-up process and improving our socially responsible gaming provisions which all of our operators will benefit from in future.”

Thom White, Future Technologies Lead at Yoti said:

“We’re delighted to be working with FunFair Technologies to make the gaming experience better for operators and players with Yoti’s digital identities. FunFair shares our dedication to transparency and building trust between businesses and consumers – the FunPass solution uses Yoti to provide a simple, private and secure way for people to prove their identity on all FunFair powered casinos.

“KYC is traditionally a long and arduous process that involves sharing passport copies and waiting days and sometimes weeks for verification. Yoti and FunPass will streamline the process with pre-verified identities – helping people onboard in seconds.”  

Adam Doyle, Global Gaming Sales Manager at GBG PLC said:

“We’re incredibly excited to partner with FunFair to develop an industry-leading KYC solution that benefits blockchain casinos and their players.

“We are always looking to help businesses make smarter decisions, and with GBG, FunPass will be able to verify the identity of over 4.4 billion of the world’s population in seconds, providing not only tangible monetary savings to businesses, but improving the players’ experience.”

FunPass is available now for users in the closed beta on Mainnet, and is available to all partner casinos as soon as they go live.

About FunFair Technologies

FunFair Technologies is the leading B2B blockchain casino platform provider which is revolutionising the online casino industry. Its proprietary Fate Channels technology mitigates existing scaling issues on the blockchain ensuring operators can provide their players with a fun, fast and fair gaming experience. FunFair ran a successful ICO in June 2017, which launched its own cryptocurrency, FUN, now held by more than 50,000 worldwide.

Its team has over 100 years of combined experience in the gaming and casino space, as well as 20 years of blockchain expertise, providing the platform to deliver the best slots and table games in a transparent, provably fair manner. Founded by Jez San in 2017, its growing team of 50 are based in offices in Singapore, London, Guernsey, Gibraltar and Malta.

 

About Yoti

Founded in 2014, Yoti is a global technology company on a mission to become the world’s trusted identity platform. Our free digital identity app is the new, safer way to prove your age on nights out, check out faster with age restricted items at supermarkets and save time and money proving your identity to businesses. It brings safer connections with the people you meet online as well as enabling secure website login with your biometrics instead of remembering passwords. All personal details are secured with 256-bit encryption and Yoti promotes a data minimisation approach. For more information, visit www.yoti.com

About GBG

Through our fundamental belief that the digital economy relies on everyone having access to data they can trust, GBG enables companies and governments to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in our society.

Headquartered in the UK and with people in 18 countries, GBG has some of the world’s biggest organisations as its customers, from established brands like HSBC, Zurich Insurance, LEGO and Lufthansa, to disruptive newcomers such as Stripe and Plus500.

 


Source: European Gaming Industry News

Zoltan Tundik

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.