DeutscherSportwettenverband (DSWV), the German organization for the betting industry, has revealed its first three payment and compliance partners. TrueLayer, Dimoco, and Kerberos will assist the German sports betting business in maintaining its high standards and achieving an entirely new level of security.

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The three new partners for the German sports betting sector

DSWV has been rather outspoken concerning the safety of the German gaming sector. It recently urged the government to take stricter action against unlawful sites, and it intends to carry out its duties alongside the three newly chosen partners. As a worldwide open banking startup, TrueLayer provides organizations with secure access to financial data and real-time player payments. TrueLayer’s Germany national manager, Sebastian Tiesler, noted that the firm offers innovative financial solutions to sports betting companies. He also said that the DSWV reflects the legal sports betting industry in Germany and serves as TrueLayer’s primary contact.

Kerberos specializes in AML regulations and ensures firms’ compliance in this industry. It offers sports betting and gambling businesses with the resources required to comply with money laundering legislation. Christian Tsambikakis, the managing director of Kerberos, commented on the development and said that DSWV and its partners, including Kerberos, support the sports betting industry that “constantly complies with regulatory criteria. He noted that Kerberos offers the appropriate technologies and, in conjunction with its partners, can make the German gaming business much safer. Even Tsambikakis suggested modifying the regulatory framework. Dimoco’s experience in mobile payments and carrier billing is extensive. Through this approved payment institution, EEA and international businesses may take payments for both non-digital and digital services. The cooperation with DSWV, according to the director of sales at Dimoco, Bettina Sommer, elevates the firm to a whole new level. She also said that Dimoco would be of significant value to sports betting operators, as they will be able to profit from its safe and “extensive payment mechanism.”

Believe the three companies are a perfect fit

Mathias Dahms, the president of DSWV, noted that the three new partners, TruLayer, Dimoco, and Kerberos, have an outstanding reputation and would provide significant value to the sports betting market as he discussed the appointment of the three firms. Therefore, they are an ideal match for the DSWV’s partner program. The DSWV partner program was launched in January, with Aircash (payment provider), Sportradar (data provider), Crif (risk identification services), and Okto as the first four firms to participate (fintech business). All four firms, according to Dahms, are “very inventive” and technology-driven. Additionally, he said that the strong relationship between all parties would “increase the transmission of information,” allowing them to advocate for shared objectives.

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