ATLANTA - Today LexisNexis® Risk Solutions announced that its application has been accepted by the New Jersey Department of Gaming Enforcement so that it can offer identity and age verification services to online gaming operators in New Jersey.
"Identity management is a key component of online gaming platforms. It's necessary to comply with state online gaming regulations and to facilitate Know Your Customer (KYC) for Title 31 compliance," explained Rick Trainor, CEO, Business Services, LexisNexis Risk Solutions. "By accepting our application, New Jersey is ensuring that gaming companies have access to the same data and analytics used by some of the world's largest banks, online retailers and other businesses that depend on our data and analytics to enable them to meet anti-money laundering (AML) compliance obligations and prevent fraud."
The gaming marketplace demand for integrated KYC solutions is increasing. Online gaming generates approximately US$30-35 billion globally  and continues to be one of the fastest growing segments of the global gaming market. As more states in the U.S. establish regulatory frameworks for online gaming, the segment is poised for rapid expansion in the next five to 10 years.
LexisNexis has deep experience and a rich history of providing KYC compliance services to the gaming industry. It has been advising and creating solutions for brick-and-mortar gaming companies for more than a decade, helping casinos stay in compliance with complex industry regulations. In addition, global gaming companies turn to LexisNexis to gain assistance with identity verification and authentication, credit decisioning, and customer database management.
Fredric Gushin, a former New Jersey Division of Gaming Enforcement assistant director and now managing director of the Spectrum Group, said: "The integrity of Internet wagering depends upon the ability of operators to verify that the person playing online is of legal age, resides within the legal jurisdiction, and actually is the person they claim to be. LexisNexis has developed reliable KYC technology that enables regulators to maintain complete confidence that operators are enrolling qualified players and guarding against the dangers of underage gambling, fraud, and money laundering on the Internet."
About LexisNexis Risk Solutions
At LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With over 40 years of expertise, we are the trusted data analytics provider for organizations seeking actionable insights to manage risks and improve results while upholding the highest standards for security and privacy. Headquartered in metro Atlanta USA, LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group, a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com.