Sporting Solutions unveils ‘Risk Management Services’
Sporting Solutions has launched new vertical Risk Management Services (RMS) to help customers take more control over their service offering.
RMS has been designed to be agnostic to the existing technology stack and to complement partners’ in situ platform and bet engine.
The risk management model feature in RMS has been developed in-house, with the unique risk-adjusted pricing algorithms adjusting automatically based on bet volume, customer profile, market behaviour and expected market movement.
Danske Spil will be the first gambling business to launch the new service, with Sporting Solutions to supply a modular service covering pricing, trading, risk management and back-office operations, as well as provide trading software.
Simon Trim, chief executive of Sporting Group, parent company of Sporting Solutions, said: “RMS is set to further improve their quality offering with a bespoke risk management service and a business process outsourcing proposition unique to the marketplace.
“We’ve transformed risk management from an art to a science, by developing methodology based on statistical analysis, expert trader insights and predictive market movements.
“RMS will allow Danske Spil to concentrate their resources on offering differentiated, bespoke content for their customer base, which is crucial for any lottery operator trying to compete against strong competition in their local market.”
Niels Erik Folmann, chief executive at Danske Spil, added: “In today’s competitive sports betting environment we are constantly looking for solutions to strengthen our product and operations.
“Our enhanced cooperation with Sporting Solutions and their Risk Management Services will strengthen our operations whilst allowing us to focus on areas where we can differentiate ourselves positively in our local market.”
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