Top-tier scam prevention and cybersecurity solutions provider, GeoComply Solutions Inc., announced the acquisition of OneComply Inc. The integration of OneComply as the innovative technology and solutions provider for the gaming regulatory entities will round up GeoComply’s technological offering for the entire licensing process.
License Protection:
OneComply is a compliance & licensing management platform that follows the requirements of operators, suppliers, and other licensed gaming market players to have a centralized licensing solution to help them protect their gaming licenses. It is the go-to solution for companies aware of the significance of risk management policies, process monitoring practices and compliance assurance procedures. The platform helps organizations to automate these compliance procedures and make them more effective and cost-efficient.
GeoComply Co-Founder and CEO Anna Sainsbury reportedly said: “From our first interactions with OneComply, we have been excited about the opportunity to welcome them into the GeoComply family, and it gives me great pleasure to have completed that process.”
She added: ”Licensing organizations and key individuals are necessary but can be a painful process for any entity working in regulated industries such as gaming or fintech. As an existing OneComply customer, we know just how much OneComply eases that pain, not just for us but also for the regulators administering the process.”
Licensing Process Management:
OneComply’s integration into the GeoComply’s system will now help the cybersecurity solution provider to offer its gaming and other regulated customers a complete line of security tools to manage the entire licensing process from applications to continuous compliance assurance. The acquisition is expected to add value to GeoComply’s award-winning portfolio developed for the highly regulated US online gaming and sports betting market.
World-Class Solutions:
Sainsbury also said: “Adding their licensing platform and expertise to our portfolio of solutions will materially and cost-effectively help our existing and new customers in the gaming and other regulated industries achieve and maintain a new gold standard in compliance and risk services. Together, we will have unparalleled capabilities to support the mission-critical compliance needs of the gaming industry, including AML, KYC, licensing, geolocation, sanctions compliance, and fraud prevention technology.”
OneComply Co-Founder and CEO Cameron Conn reportedly commented: “As fellow Vancouver-based entrepreneurs, GeoComply has always been an inspiration. Our Co-Founder Aaron [Gould] and I are super excited about continuing our journey as part of the broader GeoComply team. I am sure that together we will amplify and enhance our world-class compliance and licensing solutions for regulated industries around the globe.”