Ex Betsson AB Vice President Legal and Betsson Group General Counsel launches new venture SafeComply Technologies
Cosgrave stepped down from both roles at Betsson in the Summer of 2018 in order to pursue new opportunities and has now partnered with Liberatum developer and solution architect, Klaus Jensen to launch SafeComply Technologies which will form part of SafeComply Group, a venture launched by Cosgrave in October 2018.
SafeComply will primarily develop in house technologies which will assist iGaming Operators and similar industries in meeting compliance requirements.
Cosgrave, CEO and Co-Founder of SafeComply commented, “Recent and increasing enforcements mean that operators are now dedicating the necessary resources to compliance and rightly so. A lot of operators make the mistake of focusing on technologies which claim to harness AI and self-learning technology to meet compliance obligations without realising that there is quite simply no “off the shelf” technology that can achieve the obligations required of operators. More worryingly, by adding the integration of over complex tools to their technical and general integration road map, they are often running before they are walking correctly and therefore missing the basics and it is the lack of these basics that will more likely result in enforcement or penalties from regulators”.
SafeComply have developed SafeGuard, a technology with focus on centralised player due diligence records and which assists with meeting both AML and RG obligations in all territories. It implements decision making workflows and provides easy one touch suspicious transaction reporting in stipulated jurisdictions.
Cosgrave continued, “Our initial plan is quality over quantity in relation to how many operators we can partner with and we are therefore carefully selecting operators wishing to work with SafeComply for the long term. We aim to supplement and solidify the AML and RG processes in our partner companies”
SafeComply Group currently also provide hybrid compliance solutions to iGaming Operators and similar industries, including expert consultancy, advisory, compliance implementation techniques, training, team structuring and organisation reviews.
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