1. Online Casino
  2. Gambling News
  3. Playtech Relying On Artificial Intelligence To Combat Money Laundering

Playtech Relying On Artificial Intelligence To Combat Money Laundering

According to our Editorial Guide
This page is written by
Kelvin Jones
Kelvin JonesSenior Online Casino Expert
clockReading time 1 min

Playtech continues to be one of the premier casino game developers worldwide because the company has focused on innovation and developing technologies that pioneer new trends in the online gambling industry.

Some of the top online casinos in the world such as Casino.com, and Winner Casino who are all featured on Playcasino.co.za promote Playtech powered online casino games.


SilverSands Casino: Get R400 Free Bonus

Artificial Intelligence To Combat Money Laundering

Playtech has a data analytics subsidiary called BetBuddy which focuses on responsible gambling. The company has partnered with the Kindred Group and the Research Centre for Machine Learning from the University of London to carry out in-depth research on how artificial intelligence can be used online to combat money laundering activities.

In a statement, Simo Dragicevic, CEO of BetBuddy said “This initial phase has been important in obtaining stakeholder validation of where areas for improvement exist in AML monitoring. It is clear that whilst this is a very complex challenge, expectations for continuous improvement and investment in research and development using new technologies is high amongst stakeholders.”

Money launderers have always targeted the casino industry and the authorities are always concerned if online casinos are being used by criminals to wash money. Money launderers manipulate any loopholes they might find in security and software technology which is a big problem for iGaming operators.

The team of researchers from the University of London put in three years of intense research to find areas that had a weakness and could be exploited by cybercriminals. They also look at how artificial intelligence could be used to plug these loopholes.

How To Detect Money Laundering Activities

The research project is not over as the next phase will study online gambling data and see if artificial intelligence can be used to detect money laundering activities. The research encourages a central database that online casino operators can use worldwide to report suspicious gaming activity and alert other iGaming operators of flagged players.

To put in place procedures that will vet players better by looking at their source of funds and source of wealth before allowing them to play. The success of this research will help Playtech and the Kindred Group to roll out robust software that will better protect online casinos from money laundering activities.

About Playcasino.co.za:

Playcasino.co.za is the no1 online gambling guide for South African players. If you’re looking for the best offers at casino South Africa online and the best no deposit codes, you are at the right place.

Kelvin Jones
Kelvin Jones

Senior Online Casino Expert

WebsiteEnvelope icon

Kelvin Jones is a seasoned professional in South Africa's online casino scene, boasting over a decade of expertise. He's your ultimate guide in selecting the finest online casinos, providing insights ...continue reading

17+ Years Experience
Clock Icon 1 min read

We use cookies in order to optimise our site and improve your experience with us. By using the site you consent to our  Cookie Policy.