4th April 2022 – FinGo, a UK fintech behind the world’s first biometric identity authentication and payments platform, has entered the multi-billion gaming sector through a strategic partnership with NYCE International.
NYCE International, a subsidiary of Hong Kong investment company The Global Chain, will act as FinGo’s global representative in the gaming market. The partnership will see FinGo and NYCE introduce a new generation of biometric age verification and cashless payment products for casinos, bars, and other entertainment venues, as well as the online gaming market.
FinGo’s technology works by taking a simple scan of a person’s unique vein pattern through an infrared device. This scan is connected to a person’s registered FinGo account, which can be linked to their verified ID or a digital wallet to enable payments. Registered users can then scan their vein to prove identity, age or make payments in any venue offering the FinGo system.
NYCE Managing Partner, Harmen Brenninkmeijer, commented: “Operators in gaming markets need to future-proof their business, and biometric technology can do just this. There is great responsibility to safeguard consumers, particularly young people, and being able to objectively and easily verify age and prove ID has huge potential”.
“Given recent changes in casino regulations in various markets across the world, and the explicit need for better age controls or spending limits, FinGo’s identity and payment expertise will enable a better gaming experience for operators and players, supporting player convenience and compliance. This partnership allows us to add considerable value to the gaming sector at this time.”
Simon Binns, FinGo’s Chief Commercial Officer, added: “We are thrilled to partner with NYCE, enabling our entry into the growing gaming market. The team has a track record for innovation, coupled with a deep knowledge and experience of the gaming industry. We are confident our biometric platform will help to solve age verification issues within in-person gaming, and open up new opportunities for this diverse, valuable and highly regulated industry. “
FinGo added age verification and digital identity services to its product portfolio in 2020, alongside its existing biometric-enabled payment platform. It was approved by Manchester City Council for use checking people’s age in licensed establishments, without use of ID.
In September 2021 it agreed a strategic partnership with Mastercard, significantly expanding company’s global reach by opening up access to a network of acquirers and millions of merchants worldwide. The partnership gives FinGo access to the white labelled Mastercard Payment Gateway Services (MGPS), enabling it to grow its footprint for payment services across Europe, the Middle East, North Africa, Asia Pacific, Australia and North America.
NYCE International and FinGo will be attending the ICE Totally Gaming show in London on 12th-14th April showcasing several new biometrically-secured services for the gaming industry with transformational potential.
FinGo is the world’s first biometric identity authentication solution, open to everyone and a mission to provide a more secure and inclusive way to navigate the world. FinGo uses unique vein patterns hidden inside a finger to instantly identify and authenticate individuals without the need for cards or devices to be present.
Originally payments focused, parent company Sthaler Ltd was founded from a desire to create a cashless experience for festivals and events, with FinGoPay introduced at Festival No 6. Recent awards include Fast Company: Top 10 Europe’s Most Innovative Companies, 2020; UK Enterprise Awards: Identity Servicer Product Innovator of the Year, 2020; Syndicate Room: Top 100 Fastest Growing UK Companies 2019; Telegraph: Smart City Innovation Award Industry Innovation of the Year, 2019 and Restaurant TECH Live: Tech Product of the Year, 2018.
With decades of experience in building and developing companies, and M&A’s, NYCE focuses on navigating clients toward a progressive approach to technology, marketing, and operating strategies by representing the highest quality suppliers in products and services.
NYCE understands that maintaining a competitive advantage in the market can be relentless and challenging. By utilizing its extensive network and experience, it represents success-driven solutions that are proven to yield revenues, maximize profits, acquire investment and increase customer engagement.