January 20, 2025 | [Vancouver, Canada] – GeoComply, a global leader in geolocation compliance and fraud prevention solutions, has been recognized as one of the top 3 leading fraud prevention companies in the iGaming industry by Gambling IQ. This acknowledgment comes in the latest industry report, iGaming’s Evolving Threats: Deepfakes, Bonus Abuse, and Security Innovations which highlights GeoComply’s significant contributions to enhancing security, reducing fraud, and promoting responsible gambling.
The Gambling IQ report provides an in-depth analysis of the constantly changing landscape of fraud tactics, including the rise of cryptocurrency exploits. It emphasizes how GeoComply and other leading companies are fortifying the security of gaming platforms through the integration of cutting-edge technology. These solutions not only safeguard operators against financial losses and reputational damage but also ensure a safer and more secure environment for players worldwide.
GeoComply, with its industry-leading geolocation and fraud prevention technology, is trusted globally to prevent identity manipulation, account risks, bonus abuse, and ensure compliance with local regulations. As the company’s clients expand globally, it has refined its tech stack to tackle the unique demands of high-volume markets. This ensures unparalleled reliability and scalability, even during peak events that generate massive online traffic surges, such as the Super Bowl.
“We’re honoured to be recognised as a leader in fraud prevention,” said Anna Sainsbury, CEO of GeoComply. “As the landscape of global online gaming evolves, our technology remains at the forefront, enabling operators to deliver secure, compliant gaming experiences to players worldwide.”
Combating Chargeback Fraud with Data
The report also reveals a concerning trend: 15% of people in the United Kingdom mistakenly believe that initiating fraudulent chargebacks to recoup gambling losses is legal. To combat this growing issue, the report highlights GeoComply’s Chargeback Integrator (GCI) as a powerful solution. GCI integrates seamlessly with existing systems, empowering businesses to effectively fight chargeback fraud, protect revenue, and maintain operational integrity. By leveraging GeoComply’s unique combination of device integrity and historical geolocation data, GCI helps verify the legitimacy of a chargeback in under 60 seconds, providing businesses with the compelling evidence needed to dispute false claims. This solution has dramatically improved chargeback win rates for some operators, increasing them from 40% to an impressive 90%.
Download the Gambling IQ iGaming Anti-Fraud report here: www.GamblingIQ.co.uk
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 200 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.
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