New Russian remote banking law could speed up online gambling registrations

You have to be really determined to have a flutter if you are a Russian online punter, thanks to a clumsy three-stage registration process that many gamblers simply give up on. But rescue may be at hand through a new Russian banking law.

The present registration process involves punters registering online with operators, followed by a secondary registration process with a payment hub and then a requirement to present ID proof in person at a licensed retail gambling establishment.

That could all be circumvented if the new remote banking regulations enshrined in Law 157752-7 are extended to embrace online gambling.  In the banking sphere the law requires customers to submit to a process which saves their biometric details such as eye, voice, fingerprint and face scans to a central government database. This information can then be used remotely for the speed and convenience of both the banks and their customers in financial transactions.

The advantages of such an online system, once the initial biometric recordings have been completed, could be translated into the online gambling environment with similar advantages.  The downside (and there is always one) is that the centralised database, titled Unified Identification and Authentication System (ESIA) is permitted to share the stored data with government departments such as security and internal affairs.

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