Promoted feature: Compliance as a service makes gaming data traceability easier
Armand Lecorché, head of European sales for IDEMIA’s Digital BU, explores how compliance as a service model will help gaming operators maintain data traceability, multi-jurisdiction compliance and offer a better online gaming experience
With data traceability regulatory complexities continuing to intensify, traditional approaches to compliance are no longer future-proof. In order to maintain compliance and to remain competitive in today’s market, online gaming and gambling operators need compliance models that are strategic and agile. “Compliance as a service” models can enable operators to achieve this flexibility and to address many of the complexities of multi-jurisdiction traceability compliance. Here’s how.
How “Compliance as a service” complies with data traceability requirements
Compliance as a service is a framework that helps operators achieve, maintain and demonstrate their data traceability compliance requirements. This model enables operators to rely on a highly available and conform service as soon as a new market opens or as soon as a specific jurisdiction releases requirements updates.
This model offers a number of benefits to operators. It minimises the burden of certifications, compliance assessment and documentation and reduces risk of fines or reputational damage while improving relationships with regulators. It also helps build trust with key stakeholders. Data traceability “Compliance as a service” usually includes gaming licensing and certification support, continuous regulation monitoring and vault adaptation, managed service with 24×7 support, and optional regulatory assistance. It offers three major benefits:
- Compliance as a service offers a standardised interface to collect and adapt data formats across jurisdictions
Following the proper measures of gaming transaction data collection, monitoring, adaptation and storage in the required format is a major challenge for operators. Respecting the specific format and structure of stored data, adhering to specific cryptographic mechanisms to chain, timestamp, seal, and encrypt data, and replicating the database in-country in near real-time for local regulator access can become a headache for operators, especially since each regulation may evolve over time.
In comparison, a “Compliance as a service” model enables operators to send data from any market through a standardised interface to a single traceability service, which can collect and adapt them to the suitable format. The service can also oversee their proper storage in the required location, with security levels adapted to comply with the country regulations.
- Compliance as a service helps manage traced data access
Operators need to implement restricted access to the supervisory authority to protect sensitive information and player privacy by implementing specific authentication methods and standard protocols (https, sftp, etc.). The required duration of legally binding archiving is different from one regulation to another. Particular record extraction tools, defined by each regulation, need to be provided to the regulators for record decryption, decompression, integrity check, completeness check, and export.
A Compliance as a service approach permits operators to rely on a single traceability service that provides regulators with data access from their jurisdiction at any time, according to their specific requirements. These services greatly simplify compliance and relationship management with regulators for operators.
- Compliance as a service is easy to integrate, highly available and resilient
Time to market is key: implementation windows are often short and regulations are evolving, putting pressure on operators. In today’s model, gaming operators manage highly complex ecosystems that require integrations with multiple suppliers to support their business
A cloud-based multi-jurisdiction traceability service can enable a quick and easy integration through a single API, and ensure agility, scalability and high-performance. Armed with these platforms, operators could adopt a proactive approach to compliance that will ensure a continuous and future-proof experience for both their business and their players.
For more information, contact igaming@idemia.com.
Armand Lecorché is the director for online gaming solutions sales within IDEMIA’s Digital Business Unit. He heads worldwide sales for vault compliance services as well as digital identity services for gaming operators. Lecorché has a rich technical background, which he has built over a 20-year career in the software industry. His track record shows major achievements in various missions from business line management and business development to solutions marketing for subjects including OTA, NFC, mobile financial services, and subscription management.