PayOK — Open Banking
PayOK: Ownership Validation and Prevention of Bank Identity Fraud
PayOK specializes in the data layer of Open Banking, providing critical tools for account verification and confirmation of fund ownership. In the iGaming sector, where identity fraud is a constant threat, PayOK offers a solution that real-time validates whether the bank account used for a withdrawal actually belongs to the registered player. This immediate check is vital to prevent operational errors and ensure that prize payments are made securely, complying with the strictest security directives in the market.
Operational Efficiency in Withdrawal and Deposit Processing
The PayOK technology utilizes open banking APIs to reduce friction in the identity verification process without compromising security. By automating the beneficiary verification, operators can drastically reduce the time spent on manual document review, allowing for much faster withdrawal processing. This improvement in operational efficiency not only reduces internal costs but also directly impacts the user experience, who perceives a more agile and professional service, reinforcing loyalty to the gaming platform.
| Founded | 2019 |
|---|---|
| HQ | Varsovia, Polonia |
| Country | Polonia |
| Licenses | Polonia, UE |
| Web | https://www.payok.com |