The deal sees the suite of compliance solutions offered by W2 and its strategic partner Crucial Compliance enhanced, with the aim of helping global operators overcome the increasing regulatory challenges of the industry, as well as future-proofing their compliance tools and processes.
The solutions are now supported by the blockchain technology of nChain, with the collaboration forming a compliance and player protection toolkit that mitigates the risk of operators being handed fines and the subsequent reputational damage.
“Protecting players should be easy,” said W2 CEO Warren Russell. “Combining W2’s tools and expertise with Crucial Compliance and nChain, we’ve created a complete solution that puts players first and makes maintaining compliance simple for operators.”
W2 noted that the partnership brings the issue of Distributed Ledger Technology – which is already playing a big role in transforming the industry – to the area of regulation and compliance for the first time.
Crucial Compliance CEO Paul Foster commented: “Distributed Ledger Technology is the future of regulatory compliance and player protection, and this collaboration between W2, Crucial and nChain allows our operator partners to leverage its huge potential today while future-proofing for tomorrow.”
Nick Hill, Sales Director at nChain, added: “We are passionate about the ways in which blockchain can enhance vital processes for businesses in a wide range of sectors but especially when it comes to gambling operators and regulatory compliance and player protection.
“This breakthrough partnership between nChain, W2 and Crucial Compliance makes these cutting-edge technologies available now, allowing gambling operators to enhance compliance and further mitigate the risk of fines and reputational damage.”
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