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ProntoPaga Transforms its Operating Model in Brazil to Ensure Risk-Free Transactions

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ProntoPaga Transforms its Operating Model in Brazil to Ensure Risk-Free Transactions

 

ProntoPaga, a leading payment solutions company in Latin America, announces a key transformation in its operating model for the Brazilian market.

By implementing a new model as a Technology Service Provider (TSP), ProntoPaga is setting an important milestone in the evolution of the payments industry in Brazil for the new regulated online betting market, generating a positive impact on transparency and security for operators.

This implementation takes place in a key context for the gambling sector in Brazil, where the market regulation is undergoing modifications. The new legislation, which will take effect on January 1, 2025, aims to increase control over gaming operators’ transactions, a sector that has been affected in previous years by irregular practices and tax fraud. In this scenario, ProntoPaga takes the initiative to operate under a model that ensures operators more security in the administration of their funds.

Operating Model: Payment Facilitator without Money Handling

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Under the TSP structure, ProntoPaga does not manage funds in their own accounts in Brazil, instead, operator’s funds will always be in bank accounts in their own names. These accounts are opened in 3 banks, with mandates that allow these openings to be frictionless. ProntoPaga will act as a facilitator, providing its technology to process transactions securely, efficiently, and without risk.

Technology for Zero-Risk, Maximum Transparency Transactions

With a robust technological infrastructure, ProntoPaga is responsible for “routing” transactions intelligently from the operators’ accounts to banking entities, completing transactions without directly accessing the operator’s funds. This process offers operators a transparent, secure, and risk-free experience in the Brazilian market, since their funds are always intact and not mixed in bank accounts with other operator’s funds.

Trust in an Evolving Market

ProntoPaga’s adoption of the TSP model in Brazil responds to the need to adapt to a more regulated Brazilian market, where bad practices created significant irregularities. Before the new legislation, cases of tax fraud and other offenses tarnished the reputation of certain PSPs, leaving operators and clients exposed to unnecessary risks. This migration to a TSP model guarantees a clear separation between operators’ finances and payment processing, ensuring strict regulatory compliance and eliminating any risk associated with fund management. ProntoPaga will continue strengthening its presence in the region, providing cutting-edge technology that supports the evolution of payment markets and financial regulation.

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Certifications and Regulations

ProntoPaga holds international certifications that guarantee the security, transparency, and reliability of its operations. Among these are PCI DSS (Payment Card Industry Data Security Standard) and ISO 27001 certifications, which validate and ensure that transactions are protected against fraud and cybersecurity threats. The company also holds certifications related to compliance and anti-money laundering (AML) and other regulations that govern and support the regulatory compliance of its operations in the countries where it operates. This is essential to provide security to its clients and partners, especially in markets with strict regulations like Brazil. These certifications, in addition to its advanced encryption and authentication technologies, reinforce its commitment to integrity and trust in each transaction in the markets where it operates.

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SCCG Announces Strategic Partnership with Nanocosmos to Revolutionize Live Streaming Workflow in iGaming

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SCCG Announces Strategic Partnership with Nanocosmos to Revolutionize Live Streaming Workflow in iGaming

 

SCCG Management, a global leader in gaming innovation and consulting, is excited to announce a strategic partnership with Nanocosmos, a pioneer in ultra-low latency live streaming solutions. This partnership is set to enhance live streaming workflows for iGaming, creating a seamless and interactive experience for operators and players alike. For nearly a decade, nanocosmos has provided the highly awarded, global, and comprehensive nanoStream Cloud platform tailored for the iGaming and Live Casino industry. By integrating nanocosmos’ cutting-edge technology, SCCG will empower its global gaming network with industry-leading live video solutions tailored for live casino environments and real-time gaming interactions.

Nanocosmos, founded in 1998, has consistently pushed the boundaries of real-time video streaming. Their flagship solution, nanoStream Cloud, delivers sub-second latency, adaptive bitrate streaming, and ensures 100% reliable video delivery across any device and browser. This technology, coupled with SCCG’s unparalleled expertise in gaming, sports betting, and iGaming, provides an innovative solution designed to meet the growing demands of the global iGaming industry.

Stephen Crystal, Founder and CEO of SCCG Management, commented: “Our partnership with Nanocosmos brings a new era of live streaming capabilities to the gaming industry. The ability to offer sub-second latency and seamless video delivery on any device is a game-changer for live casino and real-time iGaming environments. This collaboration will allow us to provide our partners with a world-class solution that enhances user experience, engagement, and operational efficiency across the globe.”

This partnership is poised to drive significant advancements in real-time video streaming for iGaming operators, particularly those utilizing live dealer and interactive game formats. Together, SCCG Management and Nanocosmos will deliver ultra-reliable, low-latency live streaming workflows that meet the evolving needs of the gaming market, enabling operators to maintain a competitive edge in today’s fast-paced environment.

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Oliver Lietz, CEO of Nanocosmos, commented: “We are thrilled to partner with SCCG, bringing together their extensive iGaming expertise with our robust, customer-centric live streaming platform and technology. Our goal is to provide seamless, reliable real-time video solutions that empower our customers to expand and scale their iGaming businesses effortlessly. With SCCG as a trusted partner, we are excited to bring this solution to more companies, helping them engage players worldwide and deliver enhanced gaming experiences.”

Nanocosmos’ technology will empower SCCG’s client partners to provide a flawless live streaming experience, ensuring uninterrupted gameplay and real-time interaction, critical for live casino and betting applications. The integration of nanoStream Cloud’s global CDN and unique H5Live technology allows for unmatched stability and 24/7 uptime, ensuring no buffering or downtime during peak gaming activities.

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Compliance Updates

Aristocrat Awarded First Gaming-Related Vendor License from GCGRA

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Aristocrat announced that the company was the first international slot and online technology company to be granted a Gaming-Related Vendor license by The General Commercial Gaming Regulatory Authority (GCGRA), the federal entity overseeing commercial gaming activities in the United Arab Emirates (UAE). This announcement grants Aristocrat the ability to provide the company’s land-based electronic gaming machines (EGMs) and online games and technology solutions to commercial gaming operators licensed by the GCGRA. The issuance of the license marks a new milestone in the GCGRA’s endeavour to establish a well-regulated commercial gaming sector in the market.

As a leading designer, manufacturer, and distributor of regulated land-based slot games, Aristocrat will operate under the “Gaming Related Vendor License” category. As the GCGRA’s first supplier to obtain the license, the company will offer world-class gaming content, hardware, and services to cater to player interests and financial preferences.

“We are honored to be the first large, international technology provider to be awarded a gaming-related vendor license to serve the UAE market. At Aristocrat, our vision is to deliver the best seat in the house wherever, and whenever the world plays. We look forward to doing so by providing premium content for players in the UAE while simultaneously encouraging responsible gameplay,” said Hector Fernandez, CEO, Gaming for Aristocrat.

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Compliance Updates

Seminole Tribe of Florida and West Flagler Parties Announce End of Legal Challenges and Beginning of Partnership to Offer and Promote Jai Alai on the Hard Rock Bet App

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West Flagler Associates LTD, Bonita-Fort Myers Corporation, Southwest Florida Enterprises Inc. and Isadore Havenick (the “West Flagler Parties”) and the Seminole Tribe of Florida have entered into a comprehensive agreement whereby the West Flagler Parties have agreed to refrain from engaging in any future litigation with respect to the Seminole Tribe’s gaming operations and instead will begin a new partnership to offer and promote wagering on Jai Alai on the Hard Rock Bet app.

As part of the agreement, the West Flagler Parties have agreed not to bring or support any future legal challenge to the Seminole Tribe’s gaming operations, including mobile gaming offered by the Seminole Tribe now or in the future. In addition, Jai Alai provided by Battle Court Jai Alai LLC, an affiliate of West Flagler, will be offered on the Hard Rock Bet app. The parties anticipate that the Seminole Tribe will launch Jai Alai on its Hard Rock Bet app in early 2025.

This agreement ends years of disputes between the Seminole Tribe and the West Flagler Parties and avoids future litigation over the Seminole Tribe’s gaming operations.

According to Jim Allen, CEO of Seminole Gaming, “This is truly a win-win agreement for the Seminole Tribe and West Flagler. This agreement establishes a relationship of collaboration among the Seminole Tribe and West Flagler in the State of Florida. Rather than engaging in years of additional litigation, this agreement will allow the parties to work together to promote Jai Alai, which has played an important role in Florida’s gaming landscape for nearly 100 years.”

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Isadore Havenick agreed, stating: “We are thrilled to be partnering with the Seminole Tribe in support of their gaming operations in Florida and to promote Jai Alai, which has been a critical component of Florida’s gaming industry since the 1920s. We are proud that Jai Alai will be featured on the Hard Rock Bet app and we look forward to developing a strong partnership with the Seminole Tribe.”

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