OneComply and GameCo Roll Out First Cloud-Based Compliance and Licensing Solution

GameCo and OneComply, two entities based in Las Vegas and Vancouver respectively, have joined forces to launch OneComply – the web-based compliance and licensing solution.

This will be the first-ever cloud-based solution for the gambling industry and will be of great assistance in the US, where this vertical is one of the heavily regulated.

What Is This Tool’s Use?

The industry in the US needs to comply with very extensive jurisdictional and investigational processes…

…which leaves companies in a position where they need to file and submit long applications manually to each jurisdiction.

This may result in confusion and mistakes in operational and legal breakdowns and efficiencies, as well as breaking of submission deadlines.

OneComply has developed a very comprehensive solution that makes it possible for gambling brands to store their licensing data and documentation for ongoing governance and regulatory investigation, as well as the immediate creation of jurisdictional applications in secure cloud software.

Constantly Balancing Market Demand

CEO and co-founder of OneComply, Cameron Conn, was quoted as saying:

“While we fully support the need for extensive applications and background investigations, a modernization of the process is urgently needed as companies look to maintain and grow their business efficiently. As a gaming executive, the amount of time spent not only with accountants and lawyers working on completing the documents but the time spent ensuring this information was consistent across applications and appropriately secured was an exhaustive drain of time and money that is better spent on running business operations.”

GameCo’s CEO, Blaine Graboyes, added that “as a licensed manufacturer, we are constantly balancing market demand for our products with the ability to meet regulatory scale. We believe OneComply would reduce time, money, and complexity while delivering to the highest common standard.”

OneComply is focused in the North American market and will meet global regulatory requirement with full product scalability in 2021.

Source:

“OneComply Inc. releases compliance and licensing solution with support from gaming manufacturer GameCo LLC.”, OneComply Press Release, May 19th 2020