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Exclusive Interview with Stefan Kovach, CCO at FunFair Technologies

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This week we are diving into blockchain technology and we are taking a look at how the “phenomenon” is change the online gambling landscape, even if some refuse to admit it. Stefan Kovach is currentlythe CCO of FunFair Technologies and he is a senior commercially minded marketer with over 20 years of experience in the travel, entertainment and gaming sectors, having worked for organisations ranging from Virgin Atlantic, Opodo, bwin and PokerStars. He has extensive experience in creating and nurturing brands, acquiring and retaining customers at scale as well as helping drive commercial and product strategies. Stefan’s previous roles enabled him to build and manage significant teams, manage marketing P&Ls running into the 10s of millions and responsibility for delivering high profile cross company projects. Here is our interview and we hope that you enjoy it!

There have been quite a few changes in the online gambling landscape in the last 12 months, partly thanks to the blockchain. What do you think are the key challenges operators are facing when opting to move from “traditional” operations to a blockchain platform?

Stefan: Although it is true that blockchain technology has been one of the most exciting advances within the online gambling landscape in the past year, there are, as yet, very few viable products actually available to the market. Whilst many other blockchain gambling businesses are very much still in the development phase, FunFair is at the forefront of this curve, already having a working and operational platform following a successful beta phase.

Traditional operators need to decide whether they see blockchain platforms as a threat, or alternatively, as a diverse revenue stream that taps into an existing and vast crypto-rich audience who are conducive to gambling by their very nature.

Luckily, traditional operators won’t need to choose one operating style above the other, blockchain gambling can act as a complimentary section of their existing business, allowing platforms to diversity their offering and audience without risk to their pre-existing business model. This is especially true when operators take advantage of the consultancy we offer when onboarding and educating customers.

We feel that, in the next 5 years or so, there will be a shift in online gambling, and with rumours that HTC is launching a blockchain phone later this year, this will surely change the mobile gambling industry as well. Do you feel that this is an area you will look at in the future?

Stefan: Mobile gaming is absolutely part of our plans and we will have a first class UX on mobile when we go fully live. Blockchain technology works in the same way across platforms, albeit sometimes different browsers are required.

Any established company, such as HTC, entering the blockchain space clearly demonstrates its relevance for all businesses in the future. We’ll always be looking to partner with those who are heading in the same direction as us as the learnings and combined investment can only speed up blockchain’s mainstream adoption.

We have reported on many blockchain gaming platform launches this year. Where does FunFair position itself in this innovative wave?

Stefan: We would firmly place ourselves as market leaders for a number of reasons. To start with, we are the only platform to offer a full ecosystem for operators, developers, affiliates and players who transact in our FUN token. We are also the only platform to offer production-level gaming quality which can challenge any tier one operator in traditional gamings. Current alternative blockchain titles are not only poor graphically and auditory, but run at unplayably slow speeds, not to mention the prohibitive transaction costs. We have bypassed these issues with our Fate Channels technology, which allows the gaming session to be taken off the blockchain, allowing it to run at the speeds and quality today’s gamers expect.

You have recently signed a deal with a market-leading poker rakeback affiliate, RaketheRake. Are affiliates making a good choice when opting to become operators?

Stefan: Affiliates have had to make do with diluted revenue share and often incorrect payments which are shared by operators at their will. Using the FunFair platform,they can become operators within days and take the entire revenue stream direct, while utilising their existing marketing expertise and captive player audience.

Affiliates can also continue to benefit from the FunFair platform as an affiliate, with real-time payments that are provably fair and paid in real-time on the blockchain, rather than having to trust casino operators as they do currently.

Do you think that regulators will eventually catch up and regulate the industry?

Stefan: Of course, any positive disruption will take time for regulators to size up and decide on a course of action, but the FunFair platform and blockchain technology itself ticks so many of the boxes they are looking for; from efficient KYC and provably fair RNG to the immediate release of funds, it really is a regulatory bullseye.

We are trying to lead the charge here and are in discussions with a number of relevant bodies. As you’d expect, some are more progressive than others, but we’re confident that as blockchain becomes adopted into the mainstream, they will regulate sensibly for all.

About FunFair

FunFair was born out of a powerful idea to harness the potential of the blockchain to initiate a revolution in online gaming.

FunFair founders Jez San, Oliver Hopton and Jeremy Longley saw the potential of the blockchain in early 2013. They wanted answers to difficult questions. Could anyone use the blockchain to run a casino? Why do players worry about trusting online casinos when the blockchain could create fair, transparent gaming? Why not use the blockchain to open up online gaming globally? These ambitious questions led to the development of a new technology that has the potential to profoundly change the gaming world.

We showed our first game in Paris in 2017. The response was so positive, we knew we were on to a winner. Jez San officially launched FunFair publicly in April 2017. The impact of this new technology immediately attracted the attention of major contributors and developers, eager to get involved. On 22 June 2017, our Phase 1 Token Presale raised $26 million, selling out in 4 hours.

Since then FunFair has delivered exciting games on our prototype demo platform, and we’re in the final stages of completing the new Ethereum technology platform which will showcase at DEVCON3 in November 2017. The next radical change in online gaming is being powered by FunFair; the first global gaming brand to unlock the true potential of the blockchain.

For more details, visit funfair.io

Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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SIS seals Greyhound tote pool deal with U.S operator AmWager.com

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SIS-Kranji-1 SIS seals Greyhound tote pool deal with U.S operator AmWager.comReading Time: 1 minute

 

Leading multi-channel supplier SIS (Sports Information Services) has reached an agreement with AmWest Entertainment, parent company of AmWager.com, to supply its British and Irish greyhound racing content.

SIS will provide the national Advanced Deposit Wagerer with live streams and data of up to 33,000 greyhound races per year, taken from the 53 meetings per week racing schedule of British tracks including Central Park, Crayford, Doncaster, Harlow, Henlow, Hove, Monmore and Romford, as well as Irish races from Cork,  Kilkenny, Limerick, Mullingar, Tralee, Waterford and Youghal.

The deal will allow AmWest Entertainment to accept and transfer bets into the new SIS World Greyhound Racing Pool, which recently launched.

Paul Witten, Product Director at SIS, said: “We are delighted to announce the deal with AmWest Entertainment, which provides AmWest’s customers with top quality greyhound racing from Britain and Ireland, which is sure to drive increased engagement and revenues for them.

“This agreement further builds on our objective to expand our racing offer internationally, and will also continue to build the reach of British & Irish greyhound racing around the world.”

Nelson Clemmens, CEO at AmWest Entertainment, said: “Securing SIS’s British and Irish greyhound racing tote service is an important step in our ambitions to further diversify and expand our sports betting offering.

“We are confident that SIS’s top quality British and Irish greyhound racing will prove to be a real revenue driver for our business.”


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: SIS seals Greyhound tote pool deal with U.S operator AmWager.com

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OKTO To Showcase Fintech Gaming Solutions At SBWA 2019

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simon-okto OKTO To Showcase Fintech Gaming Solutions At SBWA 2019Reading Time: 1 minute

 

OKTO Group, the financial technology provider specialising in innovative digital payment and player engagement applications, is primed and ready to attend next week’s Sports Betting West Africa (SBWA) event in Lagos, Nigeria.

OKTO’s commercial team will be on hand at stand #1017 during the three-day conference, held between the 23rd and 25th July, to demonstrate how its mobile-centric payment solution can drive player engagement leveraging cutting-edge financial technologies.

The Athens-based company aims to tackle the challenges currently faced by Nigerian operators in bridging the gap between the payment and retail experience, providing a seamless digital journey across multiple player channels with add-on loyalty and promotional functions.

Fresh after hiring Simon Dorsen to head up its gaming division, OKTO is preparing to hit the ground running in Africa and build on the success of its digital banking, mobile payment and retail products in Europe.

With experience in directly operating an established network of 5,000 points of sale across multiple jurisdictions and processing transactions reaching up to €1 billion, the payment service provider is well positioned for rapid growth in the region.

Simon Dorsen, Director of Gaming at OKTO, said: “Behind OKTO’s gaming solution is a wealth of knowledge in betting and gaming, which has driven us to create a fully digital experience that truly responds to the challenges of the modern market. 

“With our technology, operators can access mobile based cashless and paperless betting solutions that address the unique challenges in Africa; reducing cash handling costs, speeding up the flow of transactions and delivering a better player experience.  We’re extremely excited to showcase our innovative solutions to SBWA attendees.” 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: OKTO To Showcase Fintech Gaming Solutions At SBWA 2019

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eSports and Gaming Platform Zengaming Signs with AU10TIX for 2nd Generation ID Authentication & Onboarding Automation

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zengaming eSports and Gaming Platform Zengaming Signs with AU10TIX for 2nd Generation ID Authentication & Onboarding AutomationReading Time: 3 minutes

 

AU10TIX will power eSports and gaming Social Network, Zengaming (Zen Gaming) with automated forensic-level forgery, counterfeiting and collateral risk detection in customer-submitted ID document images, as well as retrieving ID document content required for KYC.

Zengaming has chosen AU10TIX following comparative testing against other solutions, where AU10TIX 2nd generation technology has detected image manipulations that other systems failed to detect. AU10TIX technology is already used by major brands in a broad range of markets and geographies also thanks to a proven superior ability to handle borderline quality images, hence increasing customer conversion rates. AU10TIX solution portfolio includes all essential building blocks of customer onboarding in KYC regulated markets. These include the handling of ID documents, biometric Selfie-to-ID face matching with advanced anti-spoofing Liveness detection, identity data verification and PEP/Sanction screening, etc. AU10TIX also offers clients SDKs that can improve the capturing of ID documents and faces at a level suitable for forensic-level authentication.

“We chose AU10TIX technology first and foremost based on its superior ability to detect sophisticated fraud that others failed to detect,” says Jimi Gecelter, CEO of Zengaming: “The gaming industry is continuously threatened by sophisticated fraud attempts, which is why we put effective fraud protection at the top of our priorities. When put to the test, AU10TIX 2nd generation technology has proven clear superiority, detecting more fraud and converting customer submitted images to workable onboarding records. We are now able to offer our customers with the strongest fraud protection, while making onboarding much faster and simpler.”

“We are happy to welcome Zengaming to our growing family of clients,” says Ron Atzmon, Managing Director of AU10TIX: “We are also happy to have proven yet again better than any other solution in a challenging head to head shootout. AU10TIX BOS is deployment-ready for eSports and gaming, already demonstrating its ability to combine better fraud protection and regulatory compliance, while improving operating efficiency, saving costs, and streamlining customer experience.”

“Gaming, eSports and related markets are seeing ever increasing threat from fraudsters. At the time, regulatory demands increase, and operating efficiency becomes a competitive edge,” says Ofer Friedman, VP Marketing of AU10TIX: “This is a technology designed for the new types of fraud Gaming sees. Especially genuine-stolen-Personal-Data based Photoshop-ed counterfeits that can pass conventional ID “Verification” solutions, let along back office examination. AU10TIX 2nd generation technology whose roots are in solutions for airport security and border control, has been designed from the onset for deeper fraud protection. It goes forensic, it is 100% automatically, and at it does so with response times similar to what standard solutions take to extract data and run logical-only checks. Actually, Zengaming is now powered with the same technology that powers the best equipped global players.”

 

About Zengaming:

Zengaming is a gaming company founded in 2015, set out to create products that will bring value to eSports enthusiasts and gamers worldwide. Zengaming’s most recent product Lootbear.com is a one of its kind virtual item marketplace that enables users to rent virtual items from each other for a fixed monthly price. This innovative idea makes virtual items accessible for everyone, gamers no longer need to spend hundreds of dollars on in game items, now they can rent them for just a fraction of the price. The product was released last year and already has over 10M hours of rented items and hundreds of thousands of users. Lootbear is the fastest growing marketplace in gaming and the only that offers rental service.

 

About AU10TIX:

AU10TIX Limited, a fully owned subsidiary of ICTS International N.V, deals with the authentication and digitization of identifying documents including Passports, identity cards, driving licenses and other complementary identifying documents. The company specializes in implementing hardware & software based applications used for scanning, identifying, content retrieval, authentication and validation of identifying documents. AU10TIX is a pioneer of all-channel (front-end and online) ID authentication and processing solutions. The company’s products drastically reduce identifying document-based fraud, reducing the costs associated with client processing and enabling effective regulatory compliance, while making the sales and support operations speedier and considerably more efficient.

For more information, visit www.au10tix.com

 

Source: AU10TIX


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: eSports and Gaming Platform Zengaming Signs with AU10TIX for 2nd Generation ID Authentication & Onboarding Automation

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