Betfair has chosen London-based Sphonic’s innovative Identity & Risk Management solution, a tool which is designed “to solve industry-wide challenges in digital identity management and fraud prevention.”
Additionally, Sphonic has announced it has been selected by Betfair to provide KYC (Know Your Customer) services as a result of a major selection exercise.
The innovative Workflow Manager (WFM) solution from Sphonic will enable Betfair to build a complete digital picture of each of its customers, allowing them to combine data from a variety of sources for unparalleled visibility over their user base. Sphonic launched with Betfair during the World Cup period and is currently collaborating with Betfair across a range of anti-fraud prevention measures.
FREE Ebook: The Security Industry´s Dirty Little Secret
“After a rigorous selection process, we are delighted to be partnering with Sphonic for our KYC services,” said Phillip Rivers of Betfair. ” We are dedicated to providing the highest level of customer service, and Sphonic’s integrated, real-time approach to big data ensures the needs of our growing user base will be met both now and in the future.”
Sphonic’s FACTS (Focus Around Customer Transaction Significance)-based approach to customer enablement and risk management was developed by its founder and Chief Product Officer, Andy Lee. Andy has a wealth of experience in advising major organisations in their digital risk management strategy, which led to the development of Sphonic. The FACTS approach extracts big data derived from third-party vendors’ technologies and then transforms it into significant, relevant data, the content of which provides a more intuitive, friction-free approach to customer identity risk management and authentication.
[wp_ad_camp_4]
“We are delighted to be selected by Betfair; the deal is a hugely exciting one for us,” said Riten Gohil, CEO of Sphonic. “As a leading on-line gaming operator, they take a responsible approach to fraud and customer verification and yet are keen to ensure the customer experience is as frictionless as possible. This is an important philosophy at Sphonic. It can be found coursing through our years of collective experience in the digital risk management space, which has in turn led to our innovative approach.”
Sphonic supports a number of leading brands to manage the complexity of KYC Regulation and risk management in a challenging digital environment. Its flexible WFM solution works across the entire digital commerce eco-system, e.g. customer identity and on-boarding, transaction screening, payments, wallets, e-banking and m-banking.
Sphonic works with leading vendors in the risk management space who provide identity services, device fingerprinting, IP geo-location, URL tracking, negative data, behavioral biometrics and a whole host of other technologies through a single API that serve the end client. By working in collaboration with the industry, Sphonic is able to service a global client base, demonstrating value to all of its vendor partners.
About Betfair
For more information, visit www.betfair.com
About Sphonic
For more information, visit www.sphonic.com