GeoComply boosts fraud prevention capabilities with MaxMind
27 September 2012
LAS VEGAS -- (PRESS RELEASE) -- Location technology provider GeoComply Ltd is proud to announce its partnership with MaxMind, Inc., with whom they are working on anti-fraud solutions for the Internet gaming industry. MaxMind is an industry-leading provider of IP intelligence and online fraud detection tools.
GeoComply CEO Anna Sainsbury states, “We have been witnessing a much greater demand for a full KYC and anti-fraud solution within the gaming industry, particularly with operators and suppliers looking to launch online gaming projects in the U.S. Our anti-fraud capabilities, now enhanced by MaxMind, will allow us to better serve our customers with secure, spoof-proof location technology to address their regulatory and legal obligations.”
Although rules on player location can vary between jurisdictions, thwarting fraud issues such as bonus abuse, money laundering, and various payment problems are essential to protecting the integrity of a business as well as its bottom line.
MaxMind Business Development Manager Peter Saczkowski says his company was quick to strike up a partnership with GeoComply due to their existing relationships with regulators and gaming providers. “We are always looking for ways our data can solve business problems across industries. MaxMind’s proven fraud detection tools combined with GeoComply’s existing location solutions will give Internet gaming stakeholders the assurance they need to safely conduct business online.”