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OpenBet, one of the leading content, platform, and service providers to the sports betting sector, has announced that it has acquired Neccton. Neccton is a leader in responsible gaming, anti money laundering (AML), and fraud detection technologies.
OpenBet has been expanding its support for the betting industry and player protection by acquiring Neccton. OpenBet has a large list of clients, including FanDuel and DraftKings.
Neccton has over 15 years of experience developing software and services in the gaming industry under the direction of industry leaders Dr Michael Auer, and Andreas Schneeberger. Dr Auer has been cited in many operator guidelines as being one of the leading academic authorities on responsible gaming. Schneeberger is an expert in Cognitive Science and Machine Learning.
Jordan Levin said, “Since online sports betting was born, OpenBet’s been at the forefront in creating safe and compelling entertainment experiences, built on solid technological foundations.” OpenBet has always thrived on the challenges that our industry poses. The acquisition of Neccton by OpenBet takes their commitment to AML and player protection to the next step.
Neccton technology is used in over 30 languages and countries. The products of the company service up to 60 billion transactions. They analyze millions of activity streams in real time from players around the world and are capable of processing tens or thousands of events every second.
Neccton’s product suite can monitor players anywhere in the world. The company has extensive experience in Europe, North America and other regions. The AI-based product analyses player behavior in real time. This allows it to increase accuracy and reduce costs of AML, Fraud detection, and responsible gaming. The customisable thresholds and rules were developed for forward-thinking gaming operators.
Levin continued: “Every CEO, regulator and legislator knows that to provide ethical and fiscal solutions in our rapidly growing industry, we need services such as Neccton. The industry will see record fines in 2022 of over $250 million. This is due to failures with respect to responsible gaming, AML and compliance. Michael, Andreas and the Neccton Team are working on the intersection of cloud-based artificial Intelligence and data science to solve this global problem.
Michael Auer (Managing Director, Neccton) said: “We’ve always believed that a powerful combination of advanced software and scientific research can solve many of the biggest problems in the world. This is an imperative for the industry. Neccton’s technology should be used by industry leaders and influence regulatory standards. OpenBet is the best partner to achieve this goal. With its 25 year track record, high standards of compliance, and position as an industry leader for World Lottery Association Members, there’s no one better.
