HooYu, has unveiled a complete KYC solution for the gambling market in Germany.
It comes after the provider achieved approval by the German age-verification regulator, KJM, with it now adding several new services to help gambling firms to comply with AML regulations.
The single solution orchestrates Schufa identity data checks, KJM-approved facial biometrics and ID document validation, video verification with a live human agent, PEPs and sanctions watchlist screening and payment card checks.
Jochen Biewer, Managing Director of Chevron Consultants GmBH, commented on the expansion, stating: “The HooYu suite of services truly supports German gaming operators to meet age verification and AML compliance requirements.”
This range of services can be orchestrated via HooYu to make gaming operators compliant with age verification and KYC requirements in the German market. The five services can be orchestrated to deliver different journeys for different customer lifecycle stages such as sign-up, high-value deposit, fraud risk and pay-out.
The Schufa database check runs through a heightened, allowing operators to confirm customer name, address, and date of birth, check for fraudsters using the identity of deceased people and uncover linked addresses.
Furthermore, it can also be used as an integrated precursor to the HooYu liveness detection, facial biometric and ID document validation journey that is a KJM-approved age identification system.
David Pope, Marketing Director at HooYu, added: “HooYu is a KYC orchestration and customer onboarding platform that not only helps operators to build KYC processes, but also to maximise customer onboarding success rates. German operators can now use one HooYu API to call on any or all of these services as part of their age verification, fraud or anti-money laundering controls.”
HooYu Video-ID is a new service that complies with requirements from BaFin, the German anti money laundering authority. Video-ID is a live agent video interview process and is engineered for web browser or native app journeys, meaning that users are not forced to download an app purely for video verification.