A Manchester fintech firm has entered the multibillion-pound gaming sector through a partnership with NYCE International, a subsidiary of Hong Kong investment company The Global Chain.
FinGo is able to verify the identity of users by taking a scan of their unique vein pattern through an infrared device. Registered users can scan their vein to prove identity, age or make payments in any venue offering the FinGo system.
NYCE will act as FinGo’s global representative in the gaming market. The partnership will see them introduce a new generation of biometric age verification and cashless payment products for casinos, bars, and other entertainment venues, as well as the online gaming market.
Harmen Brenninkmeijer, NYCE managing partner, said: “Operators in gaming markets need to future-proof their business, and biometric technology can do just this. There is great responsibility to safeguard consumers, particularly young people, and being able to objectively and easily verify age and prove ID has huge potential.
“Given recent changes in casino regulations in various markets across the world, and the explicit need for better age controls or spending limits, FinGo’s identity and payment expertise will enable a better gaming experience for operators and players, supporting player convenience and compliance. This partnership allows us to add considerable value to the gaming sector at this time.”
Simon Binns, FinGo’s chief commercial officer, said: “We are thrilled to partner with NYCE, enabling our entry into the growing gaming market. The team has a track record for innovation, coupled with a deep knowledge and experience of the gaming industry.
“We are confident our biometric platform will help to solve age verification issues within in-person gaming, and open up new opportunities for this diverse, valuable and highly regulated industry. “
FinGo added age verification and digital identity services to its product portfolio in 2020, alongside its existing biometric-enabled payment platform. It was approved by Manchester City Council for use checking people’s age in licensed establishments, without use of ID.
In September 2021 it agreed a strategic partnership with Mastercard, significantly expanding the company’s global reach by opening up access to a network of acquirers and millions of merchants worldwide.