Online casinos are no longer a novelty for our days. There are many of them and more and more appear every day. However, now it is already clear to everyone that irresponsibility plays an important role. And without the proper software to identify and verify users, there is a risk that either the players will be under the age of majority, or even worse criminals, could launder money.
It was this unfavorable situation that pushed online casino platforms to the need to revise security protocols, to analyze what new products are on the technological market and how they can be adapted for the gambling industry.
One of the first steps to ensure security was to change the registration procedure, which can be seen in the example of CasinoChan, which has been on the gambling market for a long time and always makes sure that customers are not afraid to play at the bottom. So, the seemingly simple procedure of creating an account, when a player just needs to choose a CasinoChan Login and come up with a password, turns out to be very reliable, because you also need to enter personal data, address, payment methods, which must be confirmed with a legal document.
Read about what other steps are being taken to ensure safety on casino platforms in this article.
Online gambling goes digital
The rapid growth of online gambling has increased the vulnerability of online gaming platforms. The situation required more effective control and regulatory measures.
The development of technology has met the needs of the gambling industry. Biometric data and an artificial intelligence-based identity verification system can solve this problem.
These technologies can help provide identification and transfer of funds on online casino platforms. Artificial intelligence technology can detect irregular user activity, preventing and reducing the risk of fraud.
The development of technology is essential for the economic growth of a country. That is used for facial recognition to protect its people from everyday dangers. However, people argued that the use of technology was abusive as the government monitors the movement of people.
Using AI in casinos
Regulatory authorities are introducing new rules to ensure the safety of players. When conflicting players are detected, AI recognition algorithms are used by the casino, which proves the casino’s ability to determine who is a profitable player.
The AI system can collect data about players, such as time spent in the casino, betting volume, risk appetite. Win / Loss Ratio, Chips Remaining, Past Dishonesty, and Equity. Casino operators can also identify potential problem gamblers by their gambling behavior. Operators can quickly articulate the best VIP programs to increase customer retention.
Artificial intelligence technology is also used to measure the performance of casino employees. The system records every cent of income and bets from players. Casino operators are always faced with the moral dilemma of protecting the safety and interests of the players, as well as the company’s revenues.
Most of the players reported as problem players were the biggest players. Artificial intelligence technology can be used to make balanced decisions that meet both customer needs and company benefits.
Protecting the interests of the players and the company ensures the success of the company.