MoneyMatrix, an entity of EveryMatrix, has announced the launch of an ‘identity monitoring application’. 

The new tool will enable gambling operators to keep their know your customer (KYC) and risk management duties updated. 

MoneyMatrix’s new feature will also carry out automated fraud checks and help businesses to better manage player information. 

“A key part of EveryMatrix’s turnkey platform solution”

MoneyMatrix was developed by EveryMatrix to make gambling payment processes easier. According to MoneyMatrix CEO Samoil Dolejan, the new identity monitoring tool will help with this. 

He had the following to say:

“MoneyMatrix covers extensive risk management and KYC processes required by any jurisdiction. The identity monitoring Application benefits of the entire platform functionalities, which include shareable workspaces, process automation, batch verifications, and real-time transactional data for operational efficiency. 

“Moreover, with MoneyMatrix as a key part of EveryMatrix’s turnkey platform solution, clients are getting the best value in the market, especially on the segmentation and content customisation side which are essential in clients’ market strategy.”

The addition of the new KYC checking tool adds to MoneyMatrix’s range of solutions for the gambling industry. These include customer due diligence and identity verification based on artificial intelligence (AI). 

Other smaller services offered by the entity include transactional risk scores, verifying documents, proof of address, biometric data, and identifying politically-exposed persons (PEPs). 

Extending its payments influence 

MoneyMatrix is licensed in the EU and PCI DSS Level 1-compliant. The payment gateway is active in more than 100 countries across the world. 

The service was founded in 2014 and is based in Malta. 

Last September, MoneyMatrix added Klarna-owned payment provider SOFORT to its offerings. 

At the time, SOFORT CEO Robert Bueninck said: 

“Our work with MoneyMatrix allows operators in the iGaming industry to set up their payment infrastructure in the most efficient way and offer their customers one of the most popular used payment options in the market.” 

In the same month, MoneyMatrix also partnered with DaoWallet to improve its cryptocurrency payment offerings. 

At the time of the partnership announcement, DaoGroup CCO Glen Bullen spoke about the future of crypto adoption in the iGaming industry. His words were:

“We’ve seen a huge surge in interest and activity in crypto use across the iGaming sector this year and we’re confident our solution will prove a real asset when it comes to both re-engaging our partners’ players along with supporting their expansion into new markets after this year’s downturn.”