Legitimuz, a leader in KYC and user validation solutions, presents in this article some important insights about the new phase of compliance with secure transaction regulations established in Brazil.
Advantages of transactional facial recognition in online betting
Transactional facial recognition is a technology that goes beyond simple user authentication. It offers direct benefits for both the platform and the player, increasing security, reliability, and operational efficiency.
Among the main advantages of this tool, we can highlight the following:
1. Instant authentication for withdrawals without additional friction
One of the biggest challenges faced by betting platforms is ensuring that withdrawal processes are fast without compromising security.
By using transactional facial recognition, the authentication process can be completed instantly, eliminating the need for additional and complex steps. This means that players don't have to wait long for verification, resulting in a smoother and more satisfying experience.
Moreover, instant authentication also reduces the risk of fraud, as the system compares the user's facial features in real-time with the registered image, ensuring that the person making the withdrawal is indeed who they claim to be.
2. Enhanced security with liveness detection
A key feature of transactional facial recognition is liveness detection. This feature requires users to perform natural movements, such as blinking or turning their head, during the authentication process.
These movements significantly hinder fraud attempts using static photos or manipulated videos, providing an extra layer of security.
Furthermore, this detection process is one of the most advanced developments in facial recognition, as it ensures that the person carrying out the transaction is truly the account owner.
In other words, it helps prevent fraudsters from using third-party images to make withdrawals, safeguarding the integrity of the transactions.
3. Frictionless user experience
A betting platform that adopts transactional facial recognition offers a frictionless experience to its users. The authentication process becomes simpler, faster, and more intuitive, increasing customer satisfaction. After all, no one enjoys facing unnecessary hurdles, especially when it comes to financial transactions.
By using facial biometrics, the system reduces complexity and friction points, which not only improves the player experience but also increases retention, since satisfied users are more likely to return to a trustworthy and fast platform.
Ensuring regulatory compliance
In a highly regulated sector like betting, ensuring compliance with laws and regulatory requirements is essential. Current legislation mandates facial recognition for bettor authentication, requiring betting platforms to adopt identity verification technologies.
In this context, besides providing a range of competitive advantages for operators, robust transactional facial recognition becomes a crucial tool to meet these security regulations.
This means that by implementing advanced biometric authentication technology, operators can remain in full compliance, avoiding potential legal issues or regulatory challenges.
Without proper user identity verification, the operation may face fraud risks or non-compliance, potentially leading to sanctions or even the loss of its operating license.
Stop wasting time and money! With Legitimuz, your operation can count on instant authentication for withdrawals, with no additional friction for the user. Moreover, the per-user billing model offers up to 70% savings compared to per-verification models.
The system ensures 99.5% approval, with zero manual analysis, all in under 30 seconds. There's no need to waste time and resources on ineffective systems.
Discover how to transform your operation’s security and performance!
Source: Legitimuz
