Rei do Pitaco was also audited and approved by an international entity in the areas of prevention of money laundering, anti-bribery and corruption, information security and quality management in its operations.
In particular, the audit process certifies the transparency of the entire user relationship flow, from league registration and points distribution, the verification of the ranking of competitors to the availability in the wallet and the withdrawal of prizes.
“This is a demonstration of the transparency of our operation for the player, who can have complete confidence that we organize a fair competition in which skill prevails over luck and that their prizes will be paid,” said Fernando Vasconcelos, compliance officer of Rei do Pitaco.
ISO also had access to a series of internal policies and documents that proved the existence of a structured program to create a culture of good practices and de facto compliance at all levels of the company.
With the achievement of ISO 37,301 (transparency), allied to ISO's 37,001 (Money Laundering, Anti-Bribery and Corruption Prevention System), 27,001 (Information Security), and 9,001 (Quality Management in Processes), sportstech, anticipating market demand and concerned with its customers, it now has four certifications audited and validated by an internationally renowned entity.
“Rei do Pitaco now achieves global levels of reliability. And it shows our care for our customers, who have always been and will be our focus of attention. This movement also demonstrates our concern for user safety and we believe that this sector has the potential to grow with the correct regulation by the competent authorities. A regulated sector generates employment, income and taxes and provides the consumer with a guarantee of the suitability of the platforms,” explains Rafael Marchetti Marcondes, chief legal and compliance officer at Rei do Pitaco.
The executive says that, despite not having its own regulation in Brazil, the fantasy sports sector already moves around R$ 66 million in the country and estimates that there will be a 120% growth in the global industry in the next four years. Brazil has great potential to be the third largest market in this segment.
How ISO certifications are achieved:
ISO 9001: Quality management certification. It guarantees that all internal processes to make the product viable for the customer are carried out within the best standards of the market, in order to maintain good results of satisfaction of our end user.
ISO 27001: Information Security Certification. Considering the tech nature and data culture, this is an important certification, as it guarantees compliance with the international standards required for the security of user data and all the information that circulates in Rei do Pitaco.
ISO 37001: Certification of the Anti-Money Laundering, Anti-Bribery and Corruption System. In this case, the company was audited and certified as to the adoption of all the necessary measures to prevent these illegal acts, training its employees in the fight against irregular practices, implementing internal policies, transparency channel and ‘Know Your Customer, Know Your Partner’ and ‘Know Your Employee’ procedures.
ISO 37.301: Its final objective is to guarantee transparency for the user. The company was audited and certified on the transparency of the entire flow of user relationships, from deposits, through registration in leagues, distribution of points, classification verification, availability of the prize in the wallet, withdrawal of values and service channels.
Rei do Pitaco is a leading daily fantasy game platform through which users build lineups with players from professional football leagues and score according to the statistical performance of these athletes in real-life matches. Unlike competitors, Rei do Pitaco users compete for prizes at the end of each round. The sportstech was founded in 2019 with the central purpose of bringing more fun and entertainment to the lives of those who love sports.
Source: GMB
