The sixteen states of Germany have consented to a transition period to allow time for the incorporation of the new and upcoming legal framework billed to be available by October 15th, a decision which has been received with open arms by IDnow, the eminent identity verification specialist. This transition period will explain existing and fresh rules including the all-important age verification requirements for online gambling. The new administration will commence official activities from July next year.
This decision taken by all the German states is one that delights IDnow, a brand determined to ensure the safety of the connected world. The firm is excited to continue in their usual capacity to help operators in ensuring a safer platform for users. IDnow feels that the new mandate will help guarantee a safer platform for customers under German law while establishing explicit regulations concerning responsible gambling.
According to Rayissa Armata, the Head of Regulatory Affairs at IDnow: “This is a big step for Germany’s online gambling industry, and again, it shows the importance of eKYC methods and their need to evolve. In a world that becomes more and more digital by the day, we need to stay vigilant and constantly adapt our security requirements.”
“IDnow strives to contribute to responsible corporate citizenship, ensuring that the social responsibility for this industry can be achieved effectively through innovative methods. This is the strong desire of the federal and state governments within Germany, and IDnow has been and – will continue to be – an active supporter of those efforts,” she adds.
Oliver Obitayo, the CSO at IDnow, says; “We have developed our products together with our clients – the biggest players in the market – to perfectly meet their needs. IDnow offers AML compliant video verification, but also an approved automated verification solution. Gambling operators can choose, depending on their security needs, which of those multiple solutions they want to use. All of them fulfill mandatory age verification requirements.”
“To us, it’s more than important that our clients can offer safe service platforms to customers so underage use can be prevented,” he adds.
The sixteen German states have endorsed a transition period for online gambling in Germany after a short interval of skepticism. The transition period will last until July 1, 2021, when the new administration is billed to kick-off. There will be no punishment for Gambling companies who do not subscribe to the new law expected to be effectively binding next year. A decision was also made by the German states in January 2020 to amend the state treaty on Gambling (Glücksspielstaatsvertrag) which will also take effect from July 1, 2021. This date and the process of issuing sport betting licenses were nearly made impracticable in the first six months of this year when deliberations were halted because an Austrian gambling operator attempted to get a court injunction.
The consensus between the sixteen German states to allow a transition period for gambling activities is a positive development. The transition rule means that operators can offer casino-style gaming and poker in compliance with the blueprint for the new Glücksspielstaatsvertrag. Licensing requirements are expected to be met by all operators latest by October 15 which will incorporate an Age Verification (AV) solution for online operators.
The changes below are to be effected under the new and upcoming regulatory administration.
- German players will be allowed to play casino games and online poker under stringent rules
- Slot games are to be capped at €1 maximum per spin.
- The number of licenses for table games will be equal to the number of physical locations for casinos in each state.
- The deposit limit is to be €1,000 across all gambling platforms in Germany.
IDnow, a Munich based company, recently acquired Wirecard Communication Services in a move that allows them to function in a higher capacity while creating room for flexibility all in a bid to provide premium support for her customers in all circumstances.
IDnow is on a mission to ensure a safer connected world through its Identification Verification-as-a-Service (IVaaS) platform. Several brands key into IDnow’s air-tight identity verification for online customer interactions that demand security of the highest order. With the aid of Artificial Intelligence, IDnow can examine every security feature on an ID document and reliably identify the fakes. IDnow can possibly verify the identities of over 7 billion clients from 193 countries in real-time. While the major focus is on providing security, the company also aims to provide a simple and uncomplicated application for the customer. IDnow technology is user friendly, a fact attested to by their five-star rating on the Trustpilot customer rating portal.
IDnow handles a variety of use cases in Europe’s regulated sectors and for new digital business models throughout the globe. The platform is designed to allow the identity flow to be adapted to various regional, legal, and business requirements on a per-use case basis.
Venture Capital investors G+D Ventures, BayBG, Seventure Partner, Corsair capital, and a group of distinguished business angels provide the necessary financial support for IDnow’s activities. IDnow has an enviable portfolio of more than 250 clients which includes eminent companies from a variety of industries around the world like BNP Paribas, Telefonica Deutschland, Raisin (Weltsparen), Commerzbank, UBS, Sixt, Bank of Scotland, SolarisBank, Western Union, and Eventim. They also have fintechs like wefox, Fidor, smava, and N26 on their ledge