Insolvency

One of the most important things an online gambling provider wants to know of their customers is whether they are actually able to meet their financial obligations. This is made possible with an insolvency check.

There are several public sources that record data concerning bankruptcies, suspensions of payment and debt restructuring for private persons which may be found in the local registers of various courts. With this information, CDDN clients can check whether the company they want to do business with has gone bankrupt or whether a customer is the subject of legal debt restructuring. CDDN’s insolvency and receivership check makes consulting these sources exceedingly simple.

The real-time insolvency check has been fully automated and can be implemented as a separate module. The check is also available as an expansion of the Know Your Customer (eKYC) package for optimal online customer identification. Furthermore, the check forms part of CDDN’s Consumer Basic Administration for the continuous validation of customer data. CBA community members are immediately notified whenever there is a change in their customers’ data. This may also concern an address change or a notice of death, for example.