The German Sports Betting Association (DSWV) has entered into agreements with three different fintech groups, as it seeks to bolster its payments and compliance operations. 

Deals have been inked with Kerberos, DIMOCO and TrueLayer, following the launch of a partnership programme by the DSWV at the start of the year, open to companies from the sports betting value chain. 

Efforts by German sports betting stakeholders to update the national sector’s compliance and payments capabilities come amid major changes in the market, which is continuing to adjust following re-regulation under the Fourth Interstate Treaty on Gambling (GlüNeuRStv) enacted last year. 

DSWV President Mathias Dahms said: “All three new partners enjoy an excellent reputation in the industry and deliver real added value to the sports betting industry with their products and services. They fit perfectly into our partner program. We look forward to cooperation.”

Detailing the impact each organisation is expected to have, the DSWV maintained that Kerberos compliance solution will assist German operators with keeping up-to-date with money laundering regulations and subsequently offsetting the risk of violations, fines and licence suspensions/withdrawals. 

Christian Tsambikakis, Kerberos Managing Director, remarked: “The DSWV and its member companies stand for a reputable sports betting market that always meets compliance requirements. 

“With our products and services, we provide the right tools. Together we can make the German gaming market even safer and shape the regulatory framework in an innovative way.”

Meanwhile, Dimoco will supply firms with digital and non-digital payment solutions, with a focus on carrier billing, meaning the processing of transactions via mobile. 

Bettina Sommer, Director of Sales at Dimoco, added: “The partnership with DSWV brings our business in Germany another significant step forward. 

“With our solution, we can offer sports betting providers real added value by benefiting from a fast, secure, and high-reach payment method.”

Lastly, TrueLayer will provide its open banking network to German betting and gaming businesses, offering fiscal data security alongside real-time payments. 

“We are providing companies in the sports betting market with an intelligent infrastructure in financial technology,” said Sebastian Tiesler, Country Manager of TrueLayer Germany

“TrueLayer is looking forward to working with the DSWV as a representative of the regulated German sports betting market.”

Following the implementation of the GlüNeuRStv regime, Germany is moving forward with plans to launch a national gambling regulator, the Glücksspielbehörde (GGL).

Making an appearance at Betting on Sports Europe (BOSE) last week, Mathias Dahms explained that despite a ‘tough transition phase for all stakeholders’, Germany’s gambling industry was ultimately in a better place following the re-regulation of the market.