Sportsbetting software group OpenBet has announced that it has come to terms to purchase compliance and saftey firm Neccton in an effort to boost its responsible gambling initiatives moving forward.
Neccton provides responsible gambling, anti-money laundering, and fraud detection services to players, and OpenBet says that they plan to use the service to strengthen its own responsible gaming services throughout their platform. The Neccton product is currently available in over 30 countries, and the company provides a variety of different languages. The company can process thousands of events per second and has real-time monitoring capabilities.
OpenBet works with a number of big-name clients around the world, including the British Columbia Lottery Corporation, FanDuel, DraftKings, Loto Quebec, and Entain. Although not confirmed, it's likely that the Neccton service will find its way to the companies listed above.
Regarding the purchase, OpenBet CEO Jordan Levin said, "Since the birth of online sports betting, OpenBet has been at the forefront of creating compelling and safe entertainment experiences built on solid technology foundations.
"We thrive on solving the most complex challenges our industry presents, and OpenBet's acquisition of Neccton takes our commitment to player protection and AML to the next level."
Neccton Managing Director Dr Michael Auer added: "It's an existential imperative for our industry. Our vision is to have Neccton technology deployed by the industry's leading brands and shaping regulatory standards.
"With its 25-year track record, high compliance standards, and position as a leading partner for World Lottery Association members, there is no better partner than OpenBet to help us achieve that."