iGaming has millions of people around the world enjoying online casino games, sports betting, and other forms of online gaming. As the industry continues to grow, iGaming companies are looking for ways to provide a faster, more efficient onboarding experience for new users. One way to achieve this is through an automated ID verification solution with face biometrics such as OCR Labs.
An automated ID verification solution with face biometrics can significantly speed up the onboarding process for iGaming users. This technology uses facial recognition software to quickly and accurately verify the identity of the user, reducing the need for manual verification and allowing users to start playing faster.
Here are 5 key areas an automated ID verification can help improve the iGaming onboarding process:
1 – Faster Verification
One of the key benefits of an automated ID verification solution with face biometrics is faster verification times. Traditional verification methods can be time-consuming and require manual intervention, which can result in delays in the onboarding process. By contrast, face biometrics can quickly and accurately verify a user’s identity, without the need for manual intervention. This means that users can complete the verification process more quickly, allowing them to start using the iGaming service sooner. This is crucial when it comes to sports betting as time-based bets are very prevalent. Bettors typically want to bet on games instantaneously and will find your competition affecting your drop-off rates if your verification process is lengthy or time-consuming.
2 – Automated Processing
An automated ID verification solution with face biometrics can also increase processing efficiency. By automating the verification process, iGaming companies can process large volumes of user registrations more quickly, without the need for human intervention. This can significantly reduce the time it takes to onboard new users, making the process faster and more efficient. This effectively reduces your onboarding drop-off rates.
3 – Reduced Manual Errors
Manual errors can be a significant source of delay in the onboarding process. Users may mistype their personal information, leading to delays or rejections. An automated ID verification solution with face biometrics can help reduce these errors, increasing the speed and accuracy of the verification process. By auto-filling ID detail and capturing their face, the technology can quickly and accurately verify the user’s identity, reducing the likelihood of manual error and fraudulent account creation.
4 – Instant Results
An automated ID verification solution with face biometrics can also provide instant verification results, allowing users to start using the iGaming service right away. This can provide a positive onboarding experience for users, who are more likely to continue using the service if they can start playing right away. Instant results can also reduce the likelihood of users abandoning the onboarding process before it is complete, increasing conversion rates and revenue for iGaming companies. Furthermore, upon account withdrawal, users can quickly verify themselves with a picture of their face to ensure instant verification.
5 – Compliance with Regulations
iGaming companies are subject to strict regulations, including anti-money laundering (AML) and Know Your Customer (KYC) requirements. An automated ID verification solution with face biometrics can help ensure compliance with these regulations, protecting both the user and the company. By verifying the user’s identity using biometric data, the solution can ensure that the person registering for the service is who they claim to be, reducing the risk of fraud, account takeover, and other illegal activities.
Conclusion
In conclusion, an automated ID verification solution with face biometrics can make the onboarding experience for iGaming users faster and more efficient. This technology can significantly reduce the time it takes to verify user identities, increase processing efficiency, reduce manual errors, and provide instant results. By using facial recognition software to verify the user’s identity, iGaming companies can provide a more seamless and positive onboarding experience for users, while also ensuring compliance with industry regulations. As the iGaming industry continues to grow, automated ID verification solutions with face biometrics will become increasingly important in providing a faster and more efficient onboarding experience for new users.
