Vancouver – May 14th, 2024 – OneComply, a GeoComply solution, today announced its expansion into the rapidly growing Open Banking Payments sector. OneComply’s proven compliance and license management offerings, initially developed for the gaming industry, are now streamlining licensing processes for Trustly, a global leader in Open Banking.
“We were drawn to OneComply as it provides an automated and centralized solution to simplify the process of filing gaming license applications. OneComply also assists us in keeping track of license renewals, which helps Trustly to manage our licensing process more efficiently,” said Halli Calabrese, Head of Enterprise Risk and Compliance at Trustly.
Companies facilitating transactions for gaming operators must hold the necessary licenses in every state where they operate. This is vital for ensuring compliance with evolving regulations designed to protect consumer financial data, combat fraud and money laundering, and maintain the integrity of the gaming industry. Failure to obtain proper licensing can result in hefty fines, legal repercussions, and reputational harm – creating obstacles for both the company and its gaming partners.
Bringing Open Banking to gaming presents complex regulatory challenges for companies like Trustly. OneComply’s platform simplifies this process, offering:
- Automated multi-jurisdiction license applications
- Centralized management for license renewals and compliance tracking
- Streamlined workflows for enhanced efficiency
“OneComply recognizes the immense potential of Open Banking in the gaming sector and the need for robust compliance of these solutions,” said Aaron Gould, GeoComply’s Vice President of Identity and OneComply Co-Founder. “Our deep expertise in the gaming industry paves the way for the success of new entrants into this ecosystem, and we’re proud to partner with innovators like Trustly.”
About Trustly
Founded in 2008, Trustly is a global leader in Open Banking Payments. Our digital account-to-account platform redefines the speed, simplicity, and security of payments, linking some of the world’s most prominent merchants with consumers directly from their online banking accounts. Trustly can handle the entire payment journey, setting us apart from the competition and enabling us to offer an attractive alternative to traditional card networks at a lower cost. Today we serve 8,300 merchants, connecting them with 650 million consumers and 12,000 banks in over 30 countries. In 2023, we processed over $56 billion in transaction volume in our global network. Read more at us.trustly.com.
About OneComply
OneComply, a GeoComply solution, is a compliance & licensing management platform that centralizes and streamlines all the data required to support and protect a company’s most valuable asset – their gaming license. With decades of experience in the highly regulated gaming industry, OneComply enables operators, vendors, suppliers and service providers to significantly improve the efficiency, security, and oversight of their critical compliance and licensing management processes. OneComply integrates several technologies – a secure data repository, workflow management, visual dashboards, and license application automation – into a single, purpose-built platform designed with the gaming industry in mind.
For more information, please contact press@geocomply.com
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