Vancouver, Canada – 24 April 2024 GeoComply, a global leader in geolocation compliance, fraud and identity technology, and Caf, a leading innovator of digital identity verification solutions today announced a new partnership in Brazil. With the country poised to implement its regulated igaming and sports betting market, this partnership comes at a critical time for the industry, as international gambling platforms prepare to enter Brazil’s highly coveted regulated landscape.
This collaboration elevates the capabilities of IDComply, GeoComply’s all-in-one KYC / AML solution, for the Brazilian market by streamlining the onboarding process for legitimate players and keeping bad actors and fraudsters at bay. By leveraging Caf’s capabilities, such as document verification, biometrics technology and unrivaled population data, this partnership provides operators with complete coverage of the Brazilian market. With the intricate connections and vast data resources of both companies, this joint effort will facilitate seamless and effective identity verification and KYC for operators in Brazil.
The partnership also highlights the importance of gambling operators having a local partner in Brazil. With more than 3,500 identity documents used throughout the country and persistent levels of fraud, Brazil presents unique challenges for those that don’t know the ins and outs of the country’s landscape. As a Brazil-borne company, Caf is uniquely positioned to help gambling operators thrive in this market.
Anna Sainsbury, GeoComply CEO, commented: “This partnership enhances IDComply for the Brazilian market, strengthening our ability to provide leading igaming and sports betting operators with the perfect blend: ensuring robust compliance while delivering a seamless, quick, and user-friendly onboarding experience for consumers. By leveraging this collaboration with Caf, we empower operators to navigate Brazil’s newly regulated market with confidence, offering unparalleled reliability and efficiency in identity verification.”
Jason Howard, Caf’s CEO, added: “This is an incredibly exciting opportunity for international gambling operators now that Brazil is formally regulating betting. The identity landscape here is highly fragmented, and fraud is sophisticated. To maintain a safe platform, remain compliant and win customers, betting operators will need best-in-class identity verification solutions. This partnership between Caf and GeoComply offers just that.”
About Caf
Founded in August 2019, Caf offers innovative solutions for identifying and protecting users in the digital environment. CAF’s Know Your Everything (KYE) platform combines advanced computer vision ML models, an AI-powered decisions engine, and sophisticated identity orchestration with an extensive collection of biometrics and identity databases. The platform delivers automated customer onboarding, KYC, fraud prevention, authentication, and document verification/background check solutions for not only the iGaming industry, but also banks, fintechs, marketplaces, transport companies, e-commerce, cryptocurrency platforms and more.
With offices in São Paulo, Rio de Janeiro, London, Toronto, Austin and Venâncio Aires, in the interior of Rio Grande do Sul, the company counts Magalu, Cora, OktoPay, Asaas, Winlink and Aiqfome in its client portfolio.
Find out more about Caf at: https://www.caf.io/
About GeoComply
GeoComply provides fraud prevention and cybersecurity solutions that detect location fraud and help verify a user’s true digital identity. Trusted by leading brands and regulators for the past 10 years, the company’s geolocation solutions are installed on over 400 million devices and analyze over a billion transactions every month.
GeoComply’s award-winning products are based on the technologies developed for the highly regulated and complex US online gaming and sports betting market. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments and cryptocurrency industries, building an impressive list of customers, including Akamai, Nextdoor, BBC, BetMGM, DraftKings, FanDuel, and Luno. Please visit this page to learn more about how GeoComply’s products and services can alleviate your KYC / Fraud / AML challenges in the Brazil market.
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For more information, please contact: press@geocomply.com
