Two entities, GameCo, based in Las Vegas and OneComply, based in Vancouver, have merged to launch OneComply, the web-based compliance, and licensing solution. This will be of great assistance in the US, where this vertical is one of the heavily regulated and will be the first-ever cloud-based solution for the gambling industry.
There are pervasive jurisdictional and investigational processes that the industry in the US is required to comply with. As a result, companies are left in a position where they need to file and submit long applications manually to each jurisdiction. This can lead to confusion and blunders in operational and legal breakdowns and efficiencies, together with the violation of submission deadlines.
OneComply has come up with a very comprehensive solution that makes it possible for documentation for ongoing governance and regulatory investigation and for gambling brands to store their licensing data and, together with the immediate creation of jurisdictional applications in secure cloud software.
Cameron Conn, CEO and co-founder of OneComply stated that as they fully support the need for extensive applications and background investigations, a modernization of the process is urgently needed as companies look to maintain and grow their business efficiently. He also said that the time spent in ensuring this information was consistent across applications and appropriately secured was an exhaustive drain of time and money that was better spent on running business processes.
Blaine Graboyes, GameCo’s CEO, confirmed that they are continually balancing market demand for their products with the ability to meet regulatory scale as a licensed manufacturer. Blaine also believes OneComply would decrease time, money, and complexity while delivering to the highest common standard.OneComply will meet the global regulatory requirement with full product scalability in 2021 and is focusing on the North American market.