Source: LexisNexis Risk Solutions
LexisNexis® Risk Solutions announced a strategic alliance with Radar, a recognized leader in geofencing technology. This collaboration integrates Radar’s robust geofencing, mapping and geo-compliance capabilities with the advanced data and technology from LexisNexis® Risk Solutions. Together, they will deliver a robust solution for gaming and gambling operators, that will help ensure that devices used for online gambling in the United States comply with applicable state regulations.
LexisNexis Risk Solutions and Radar are collaborating to develop a suite of products and tools designed to help ensure that devices are within the appropriate legal jurisdictions, whether that be state boundaries, sports arenas, tribal lands, casino floors or other venues. Combined with capabilities in know your customer (KYC), one-time passcodes, fraud prevention, compliance and payments from LexisNexis Risk Solutions, this alliance will enable operators to manage the entire customer lifecycle seamlessly with singular alignment.
“LexisNexis Risk Solutions provides the tools gaming and gambling operators need today to mitigate fraud, identify risk and help ensure compliance. By aligning with Radar, we can offer those protections throughout the entire customer lifecycle,” said Sean Britt, senior director, LexisNexis Risk Solutions. “The collaboration is timely, as the industry navigates a period of rapid expansion and increased regulations. It represents a proactive approach to addressing the challenges of regulatory compliance in the rapidly evolving landscape of online gaming and gambling.”
“Radar’s extensive expertise in location-based products, coupled with our proprietary algorithms and robust reporting, aligns perfectly with the risk mitigation knowledge and solutions from LexisNexis Risk Solutions,” said Nick Patrick, co-founder and CEO, Radar. “We are excited to provide our tools and services to gaming and gambling operators, simplifying their compliance processes.”
Read the full article: https://risk.lexisnexis.com/global/en/about-us/press-room/press-release/20240919-radar-alliance#:~:text=LexisNexis%20Risk%20Solutions%20and%20Radar,casino%20floors%20or%20other%20venues.
