Trustly Streamlines US Gaming License Process with OneComply Integration

In an ambitious move to streamline the gaming license process in the U.S., Trustly, a leading name in Open Banking Payments, has partnered with OneComply, a division of GeoComply. This collaboration focuses on simplifying the complex licensing procedures through an innovative and automated centralized solution. Trustly’s decision to integrate OneComply’s platform aims not just to ease the administrative load but also to enhance efficiency in managing multi-jurisdictional license applications and compliance tracking, making it a game changer in the gaming industry’s regulatory landscape.

Halli Calabrese, who heads enterprise risk and compliance at Trustly, lauded this partnership for its potential to transform how gaming license applications are handled. By leveraging OneComply’s automated solution, Trustly is poised to manage its licensing process with greater agility and precision. This advancement is particularly crucial in the U.S., where processing gaming transactions necessitates obtaining separate licenses in each state. Failure to comply can result in significant fines and legal troubles, underlining the importance of this newfound efficiency.

Aaron Gould, the vice president of identity at GeoComply and co-founder of OneComply, expressed optimism about the collaboration. He emphasized the strategic importance of melding OneComply’s deep expertise in gaming compliance with the growing significance of Open Banking in the gaming sector. As GeoComply acquired OneComply earlier this year, the merger has fortified GeoComply’s portfolio, underlining their commitment to fostering robust compliance solutions for newcomers in this heavily regulated industry.

Trustly’s impressive credentials further underscore the potential of this partnership. As a global leader in Open Banking Payments, Trustly connects merchants directly with consumers through their online banking accounts. With an extensive network of over 8,300 merchants, 650 million users, and 12,000 banks across 30 countries, Trustly’s reach is formidable. Remarkably, in 2023 alone, the company has processed transactions exceeding $56 billion worldwide, a testament to its growing influence and operational scale.

The strategic alliance between Trustly and OneComply signals a significant advancement for the gaming industry, highlighting the pivotal role of technology in streamlining regulatory processes. As the industry and its regulatory environment continue to evolve, collaborations like this will be central to driving efficiency and ensuring stringent compliance standards.