Wire EMEA
Swedish Banks Withdraw Online Services Sweden’s online gambling trade association Branscheforenigen för Onlinespel
has asked the Swedish Financial Authority to explain why banks have suddenly withdrawn financial services for licensed online operators.
Sweden’s online gambling trade association Branscheforenigen för Onlinespel (BOS) has asked the Swedish Financial Authority (Finansinspektionen) to explain why banks have suddenly withdrawn financial services for licensed online operators.
Gustaf Hoffstedt, General Secretary of BOS, said: “As far as BOS is aware the following banks have in some cases actively resigned or refused to offer services to the member companies: SEB, Swedbank, Nordea, Handelsbanken, DNB Nor and Danske Bank. Te banks fulfil an important task in any society and for every industry. Te online gambling industry is not an exception, quite the opposite with our industry’s transaction intensity.
“With this in mind it concerns me that a large number of banks are withdrawing their services to Swedish licensed gambling operators, and apparently without any individual due diligence
Kaizen and OKTO offer in-app physical-to- digital payments
Greece
Kaizen Gaming has partnered with OKTO to provide the players of Stoiximan and Betano with a physical-to- digital payment method.
Stoiximan.Cash and
Betano.Cash is set to modernise the player’s payment experience via a mobile on-premise payment solution enabling players to top up their online gaming account instantly through any physical point-of-sale, while never leaving the Stoiximan and Betano mobile apps.
OKTO will support Kaizen Gaming via its proprietary payment technology and its country-by-country national retail networks, which will be reaching over 110.000 points- of-sale across six markets where Kaizen Gaming operates. Alongside, the fintech provider ensures the
process," he added. "Te decision seems to have been taken based only on the industry’s general reputation rather than any AML concern or similar from the bank regarding the individual client.”
"Te formal reason for the redundancies seems to be the outcome of the banks’ risk assessment and application of PTL, but in some cases the banks have not stated any reason at all. Te Nordic banks own the Bank-ID identification system and even more importantly the payment provider Swish. It is of great importance for operators in Sweden to be able to offer these systems to the customers.
“Bank-ID and Swish are important competitive advantages for Swedish licensed operators in their daily combat against unlicensed operators. We need the banks to be on the right side, and that is the reason we ask the Swedish Finance Inspection for aid on this matter.”
per-country collaboration with the necessary payment and electronic money institutions, always working towards fully compliant solutions.
Te solution is now available in Greece and Cyprus under the Stoiximan brand as well as in Romania under the Betano brand. Te immediate next steps foresee the expansion of the solution across Europe in the markets that Kaizen Gaming operates under the international brand Betano.
Kostas Georgoulas, Director of Strategic Accounts of OKTO, commented: “Our partnership with Kaizen Gaming is in line with our mission to digitise the physical payment experience and provide consumers with the capabilities to transact across multiple channels seamlessly and securely while operating under the umbrella of one of the most recognisable brands in Europe. Tat kind of flexibility speaks to the player, making the payment process frictionless and creating a consistent experience.”
Lesotho
NSoft Lottery has gone live with long-term Lesotho-based client, Sima Communication. NSoft Lottery covers over 160 real-life lotteries from more than 30 countries with 6.5 trillion draws per week.
NSoft Lottery uses Betradar's Unified Odds Feed. Players place bets on the results of worldwide lotteries. Te odds are configurable and possible bet types are main draw bets, same drum and additional drum. NSoft offers lotteries with a bonus ball and lotteries without a bonus ball.
“Lottery is a marvellous product. A few years back, we developed the app that exploits Betradar Unified Odds Feed‘s potential. Tis was a great cornerstone for our future Lottery – it enabled us to bring the international lotteries to the punters. I am pleased to have Sima Communication on board with this product,” stated Davor Konjevod, Regional Sales Manager at NSoft.
AUSTRIA – Content aggregator Slotegrator has signed a deal with Greentube as the supplier seeks to further extend its reach across Eastern Europe. The deal follows Greentube’s recent entry into Poland, with Germany and the Netherlands next on the agenda as both markets start local licensing. Greentube’s growth trajectory will be backed by the launch of its new RGS platform later this year. Vadim Potapenko, Head of Sales at Slotegrator, said: “Here at Slotegrator we’re delighted to have Greentube on board, and we’re looking forward to bringing their games to our clients.”
Michael Bauer, CFO/CGO at Greentube, said: “Slotegrator is a content aggregator with an extensive track record of providing high quality content to operators through seamless integration. This partnership with such a well-respected company allows us to present our games to an extended audience.”
HOLLAND – Stakelogic has promoted Sales Director, Olga Bajela, to the position of Chief Commercial Officer. Having joined Stakelogic’s sales team in September 2020, Olga was quickly moved into the role
of Sales Director towards the end of last year, having previously worked in business development roles in and outside of iGaming.
GERMANY – Harald Heinz has been appointed Managing Director at HESS Cash Systems, a subsidiary of the Gauselmann Group. In his new role, the graduate Master computer
scientist is responsible for International Sales and Service as well as Product Management, Software and Hardware Development.
UK – BtoBet has signed a strategic partnership with Small Screen Casinos. BtoBet will be providing the UK-based operator with its sportsbook platform for Small Screen Casinos’ online channels across multiple jurisdictions, including the UK , Ireland and Ghana. Taj Ratta, Small Screen Casino’s Co-Founder said: “BtoBet has an accomplished record in providing flexible and scalable sportsbetting solutions in diverse market requirements. I am positive that this partnership will deliver engaging and enjoyable sports betting experiences for all our players across the entire breadth of our brand’s presence in different markets.”
BELGIUM – The European Casino Association has cancelled this year’s European Dealer Championship (Monte-Carlo, October 4-8) and ECA Industry Forum (Vienna, November 31-December 3), with both events postponed until 2022.
WIRE / PULSE / INSIGHT / REPORTS P15
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