SBC News Voice of the Sports Betting Industry
Vixio has expanded its technical compliance tool with the addition of information security requirements.
Covering more than 80 different information security requirements in 12 global regulated jurisdictions, the update now allows users to compare infosec standards to help maintain compliance and prepare for expansion.
James Kilsby, Chief Analyst at Vixio, commented: “We are delighted with the uptake in our powerful technical compliance tool since it was launched at an industry event in London in September.”
Described as a ‘first of its kind’, the tool offers a ‘one-stop solution’ for navigating technical requirements for gambling operators and suppliers.
“Feedback from clients has reaffirmed our view that technical compliance is a diverse and increasingly challenging area within the online gambling industry,” Kilsby continued.
“We are very proud to expand our product to support operators and suppliers as they position themselves to meet critical infosec compliance requirements on a multi-jurisdictional basis.”
Notably, regulatory compliance is an imperative yet difficult nut to crack in the globalised online gaming industry, with the expansion coming during heightened concerns surrounding cybersecurity.
Gambling regulators are increasingly setting detailed requirements to ensure the technical security of online gaming platforms.
During the SBC Digital – Compliance Technology day last month, Kilsby shared his thoughts on how the industry can leverage technology to aid compliance.
“Policymakers around the world are increasingly setting new rules when it comes to compliance in the gambling industry, focused on various aims largely around responsible gambling and other areas,” he told attendees.
“But as those government ministers, regulators and others set these new requirements. Implementation often requires not just the setting of additional rules, but also technological solutions in order to meet them.”
The technology available can help operators meet the requirements of key considerations for compliance such as KYC and AML. This is especially true, Kilsby explained, in the UK as reforms from the White Paper review, such as affordability checks, continue to come into force.
Meanwhile, on the tool’s latest update, Roger Cowin, Technical Compliance Specialist at Vixio, concluded: “For operators and suppliers alike, not only is fully understanding these often diverging information security requirements across multiple jurisdictions fundamental from a compliance perspective, it is also a critical part of evaluating new market entry due to the upfront and ongoing costs involved in meeting specific rules related to testing, assessments, audits and certification.”
