Risk Management
Online gaming industry is rightly considered as the one involving high risks alongside with large profits. Within our evaluation program of your online business start-up we conduct advanced research to further build a business model and a forecast based on your unique business parameters.
Running at the forefront of online gaming business presupposes efficient risk management solutions. To help our customers eliminate the loss-related threats our analytics have elaborated an ingenious system of risk management that allows for timely analysis, monitoring and minimizing your business risks.
The basic loss-related risk management instruments include several stages:
- The primary task involves identifying the potential dangers and evaluating their possible impact on overall business in the short-term and long-term perspective.
- The next point is to analyze the detected threats and their role in the entire strategic decision-making and divide them in two groups: those that must be disengaged in the current period and those that will be retained and controlled within the acceptable limit.
- Once the risks have been detected and analyzed, there arises a need for selecting the optimal risk management strategy and the instruments of their elimination.
- And the final stage consists of implementation of the selected instruments via the in-built administration module and continuous monitoring of their impact on the overall online casino functioning.
Within our risk management services we also offer you the option of payout management as one of the most efficient tools that allows you to build your overall gambling strategy by regulating the maximum losses you can afford in comparison with your possible maximum profit.
Online gaming industry is widely regarded as a risky one not only in terms of losses it may incur, but also in the social and legal areas.
One of the most controversial social aspects of online gambling involves gambling addiction also known as compulsive gambling. It is a psychological disorder that requires special treatment and professional assistance to help suffering gamblers in their struggle against their addiction.
Seeking to avoid the risks of involving potentially vulnerable gamblers in wagering activity our team of experts can develop your unique policy of responsible gambling policy and implement the functionality of setting up daily, weekly, monthly limits for betting, cooling off and self- exclusion for a definite or indefinite time period.
As an industry involving high money turnover, online gambling involves the risks of identity theft and money laundering.
To prevent any violation of your players’ accounts we employ efficient systems of id verification based on the URUTM award winning technology powered by GB Group that provides for efficient verification procedure in less than a second. Our ultimate URU verification is based on a unique data matching engine to increase the system efficiency by 40%.
For the purpose of detecting and preventing any transaction which may involve money laundering an online casino operator shall prohibit the operations involving conversion of illegally obtained funds into funds whose source appear legitimate.
In compliance with the UK Gambling Commission guidance for Prevention of Money Laundering and Combating the Financing of Terrorism, our risk management program involves development and implementation of anti-money-laundering measures related to internal transactions control, record-keeping, customer due diligence and ongoing monitoring and reporting.
To help our customers run their business successfully and minimize their financial, social and legal risks to the lowest possible level we have elaborated a special risk management plan designed to help you minimize any negative factors and manage the threats involving situation.
