Sports betting content and platform provider OpenBet has announced it has acquired anti-money laundering and fraud detection technology company Neccton.
Neccton has been developing software and services for the gaming sector for more than 15 years and its co-founder and managing director, Dr Michael Auer, has been cited by regulatory bodies in operator guidelines many times.
Technology developed and provided by Neccton is used in over 30 countries and languages.
Jordan Levin, CEO of OpenBet, 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.
“Every CEO and regulator knows that player protection and AML capabilities need game-changing services like Neccton to deliver break-through ethical and fiscal solutions for our rapidly expanding industry. In 2022 alone, the industry saw record fines of more than $250m for responsible gaming, AML and compliance failures.”
Dr Auer added: “We have always held the belief that many of the world’s biggest problems can be solved through a potent combination of scientific research and advanced software. 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.”
