Why No Registration Casino Gaming is Allowed in Some European Countries
Many wonder why some European countries allow No Registration casinos to operate legally, considering that ID verification is a core regulatory requirement.
First off, it should be understood that Identity verification is still a constant consideration in the development of financial technology innovations; particularly applications that enable consumers to use mobile banking for their financial transactions. Mainly because compliance with the basic Know-Your-Client (KYC) rule prescribed by international Anti-Money Laundering (AML) and Anti-Terrorism Financing laws remains at the core of each fintech development.
No registration online casinos have become mainstream in countries like Sweden, Finland, The Netherlands and Germany because there are payment and banking systems in their midst that automate identity verification. The automation feature equates to faster services for both ecommerce merchants and consumers. In addition, each of this European Union member country, has introduced regulatory changes in their AML and Terrorism Financing Prevention and Supression Acts, to oversee the use of innovations that streamline ID verification processes.
Enter Trustly: Innovator of the Streamlined No Registration ID Verification Technology
At the forefront of the automated ID-verification innovations is the Trustly Group, composed mainly of the Swedish fintech firm originally known as Glue Finance, and major capital investors and strategic partners. The success of the company’s streamlined ID verification and payment processing platform attracted investors, which made it possible for the fintech firm to expand geographically throughout Europe. The geographical expansion then led to strategic partnerships with ecommerce gateway giants like Groupon and PayPal.
The most transformative collaboration entered into by the Trustly Group transpired in June 2019, via a merger with PayWithMyBank, a leading online banking payments platform based in Silicon Valley in California. The merger made it possible for merchants with global operations,to cater to European and American consumers using fast and efficient online banking payment methods.
Now in between those years, some iGaming companies in Europe thought of using Trustly’s innovative ID verification systems, as a way to further improve the online gambling experience of their European customers. Branding them as Pay and Play Casinos, a.k.a.No Account casinos, they slowly gained traction in Sweden, Finland, The Netherlands and Germany. The No Registration, No Account feature though is not necessarily for the purpose of hiding a customer’s identity but as a way to make ID verification and payment processing transactions a lot faster to complete.
How to Find and Access No Registration, Pay and Play Online Casinos
While there is now a vast selection of Pay and Play online casinos to choose from, not all are accessible globally. The best way to find and choose a No Registration casino is through reputable casino review sites like Casinochap.com, Here, the top choice heading the list of recommended No Registration (No Account) online casinos is Kassu.
Kassu lays claim to being the first No Registration No Account) casino. It is owned and operated by Malta-licensed Genesis Global Limited; whilst also holding a license issued by the British Columbia Gaming Commission. Kassu’s gaming software providers include NetEnt, NYX Gaming, Microgaming, Quickspin, PlayNGo, Softbet, Yggdrasil, Red Tiger and Oryx.