There are many industries that have been dealt a bad hand by Covid. One of them is the physical gambling industry such as casinos and horse racing venues around the world. The economic cost of the lockdown on places like Las Vegas has been estimated to run into several Billion Dollars as people stayed away.
However for the online gambling business 2020 proved to be a bumper year as people flocked online to have their flutter.
The first online casino sites were set up in 1994 following the Free Trade & Processing Act passed in Antigua and Barbuda. Coupled with the launch of the first casino software, Microgaming, and better access to secure payment systems. The rest is history.
2020 has therefore been a good year for visitors to gambling websites. For people cooped up in their homes with little excitement to contend with, many have tried their hands at online slots or other live dealer games.
Some research suggests that as many as 51% of the world’s population takes part in some form of gambling every year, and the global online gambling market size is expected to reach USD 127.3 billion by 2027 according to a report by Grand View Research, Inc.
Asia Pacific is anticipated to register the highest growth rate owing to the increased adoption of smartphones, larger proportion of younger population, and legalisation of online gambling in the region.
This growth has led to a number of challenges, one of which is ensuring that people who register are actually old enough to play. While it was fairly easy to verify a customer’s identity and age in a physical casino how do you do this effectively online, whilst ensuring the customer experience is not impacted.
Legislative requirements with respect to age-restricted products go well beyond just gambling as well. Think alcohol, tobacco, knives, projectile weapons, fireworks, spray paints, solvents and even online content – The common objective of stakeholders across the spectrum has to be the protection of the health, safety and wellbeing of young people and the under-18s.
And this is where mobile number intelligence can help. Mobile Numbers are one of the most unique and long-lasting components of our identity and can provide useful for organisations trying to validate a users identity, and even their age.
At TMT Analysis we work with organisations globally helping to verify and authenticate end user identity, whilst ensuring they continue to deliver a dynamic and protected user and online experience.
Using our real time numbering data, plus live connections to telecom operators around the world, organisations obtain rich and actionable intelligence to strengthen and validate the user verification process, reduce fake accounts, give risk insights and even improve conversations with customers.
Why take a gamble on anything else? Speak to us today about how TMT Analysis can help your business.
By Nadeem Ladha, Business Development Director at TMT ID
Last updated on November 5, 2024
"Phone number verification plays a critical role in helping to detect and prevent online fraud. TMT ID’s TeleShield product provides easy access to global mobile data, enabling us to enhance the actionable results of our MaxMind minFraud® services."
"BTS (Business Telecommunications Services) is successfully using TMT’s Velocity and Live services to check the status of mobile numbers. This way we make sure we optimize the performance of the service offered to our customers and ensure the quality of terminating traffic to all countries.”
"Working with TMT’s TeleShield service has expanded our ability to detect fraud and minimise the risk to our business. TeleShield brings peace of mind and the opportunity to stop fraud before it affects our customers’ bottom line or the service."
"LATRO relies on TMT’s TeleShield to provide the most up to date and reliable numbering qualification information within our fraud reporting tools, enabling us to protect our customer’s revenues and empowering them to defend themselves against fraudulent numbers."
"TMT is a valued partner that enables us to manage our routing costs effectively. They proactively and continuously expand their operator and country coverage while delivering exceptional customer service. We can always count on them to achieve high-quality results and look forward to our continued collaboration."
"TMT provides us with the most comprehensive numbering intelligence data through their fast and reliable Velocity and Live services. TMT is a trusted partner for us, their products ensure that we continue to optimise the best performance and service to our customers."
"TeleShield from TMT gives 42com the power to detect and target telephony fraud scams internationally, thereby protecting our company from the financial and customer experience impacts of telecommunications fraud."
"It has been a pleasure to work with the team at TMT. They have become an essential provider of accurate numbering data information and Number Portability services globally."
"Deutsche Telekom Global Carrier uses TMT ID as one of their key suppliers for Mobile Number Portability Data services. Deutsche Telekom Global Carrier uses TMT ID’s Velocity MNP solution. This is an ultra-fast query service that optimises the routing of international voice calls and A2P messaging."
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