GeoComply | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards

INSPIRATIONAL BRAND CATEGORY

GeoComply

Information about the Company & Brand
Founded in 2011, GeoComply provides fraud prevention and cybersecurity solutions that detect location fraud and help verify a user's true digital identity. Its award-winning products are based on the technologies developed for the highly regulated and complex U.S. online gaming and sports betting market. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments and cryptocurrency industries.

GeoComply’s solutions incorporate location, device and identity intelligence along with advanced machine learning to detect and flag fraudulent activity. GeoComply’s mission is to empower the future of digital trust, it lives and breathes its values. At GeoComply, its employees are expected to contribute to building its positive corporate culture, and the main foundation for this is understanding and demonstrating its values on a daily basis. Its values determine how its people work, no matter where they are, what position they hold, and what team they work with.

Brand Elements
GeoComply is a highly successful, hyper-growth, and market-leading technology provider with teams across four countries, three continents, and a global customer base. The company holds nearly 100% market share in the U.S. iGaming market, placing GeoComply in a unique position to identify and counter both current and newly emerging fraud threats. It is trusted by the world’s most respected platforms for location compliance and fraud detection, building an impressive list of global customers including Amazon Prime Video, BBC, Akamai, Sightline, DraftKings, FanDuel and MGM.

The company commits to a world-class experience for its people, customers, and partners. GeoComply is also interested in using its technology in a philanthropic way by creating Conscious Gaming as an independent non-profit in the fall of 2020. Conscious Gaming’s mission is to leverage advanced technology and insights, to empower corporate social responsibility within its and its partners’ communities. It works with gaming operators, regulators, sports leagues, responsible gaming advocacy groups, academics and treatment professionals to better protect consumers and enhance responsible gaming.

Inspiring Identity
The company’s inspiring identity lies at its core values of Build it Better, Build it Bigger, and Build it Right.

Firstly, Build it Better depicts GeoComply as a company of puzzle-solvers with big ambitions who find innovative and customer-oriented solutions to roadblocks while ensuring that its mission to always deliver at the highest standards is maintained.

Secondly, Build it Bigger shows the company as a dreamer and builder with a bias for action. Its people work as a team to produce their best work while also constantly looking out for one another’s best interests. They lean into challenges and work collaboratively to stay on top of a problem until it is resolved, and then communicate openly and fairly about ways to learn and improve.

Lastly, Build it Right is based on GeoComply’s founding principle of doing things the right way. The company believes that details matter. This value has gained the trust of its employees, customers, and regulators as the absolute quality and integrity of its products and deliverables are paramount.

Achievements & Impact
The company’s software is installed on over 400 million devices worldwide and analyses over 3 billion transactions a year. GeoComply announced that it has reached a definitive agreement for minority investments led by funds managed by Blackstone Growth (“Blackstone”) and from Atairos. The partnership—which represents the first commitment of institutional capital to the company—aims to support GeoComply’s continued growth in its core markets and help accelerate expansion into new verticals. Revenues and employees are projected to double in 2021, with staffing levels to reach over 400 by the end of the year.

In order to achieve sustainable growth, the company also focuses on cultivating the growth of each employee, developing and empowering them so they can extend themselves and achieve their career goals. A wide range of talent development initiatives is offered to its employees, for instance, an annual budget for external education and training, Female Developer Innovation Tournament to support and motivate female developers, internship programmes, G-Force Oxford University Strategic Leadership Programme, internal training, etc.

Future Direction
With a clear vision, GeoComply’s goal is to become a core component of the digital trust ecosystem by 2025. To achieve this, the company will continue to innovate and provide its clients with a first-class, mission-critical and continuous updated service. Its plan is very significant growth in the core business for many years to come, possibly tenfold in the next 5 to 8 years. GeoComply is investing and expanding rapidly into the financial technology (FinTech) and financial services industry, applying its expertise and technology to solve the growing problem of online fraud, account takeovers, money laundering, terrorist financing and other financial crimes. Not only is the company committed to a world-class experience for its customers and partners, but GeoComply is also making an effort to maintain its rank among the top regional best places to work for its people.

INSPIRATIONAL BRAND CATEGORY

GeoComply

Information about the Company & Brand
Founded in 2011, GeoComply provides fraud prevention and cybersecurity solutions that detect location fraud and help verify a user's true digital identity. Its award-winning products are based on the technologies developed for the highly regulated and complex U.S. online gaming and sports betting market. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments and cryptocurrency industries.

GeoComply’s solutions incorporate location, device and identity intelligence along with advanced machine learning to detect and flag fraudulent activity. GeoComply’s mission is to empower the future of digital trust, it lives and breathes its values. At GeoComply, its employees are expected to contribute to building its positive corporate culture, and the main foundation for this is understanding and demonstrating its values on a daily basis. Its values determine how its people work, no matter where they are, what position they hold, and what team they work with.

Brand Elements
GeoComply is a highly successful, hyper-growth, and market-leading technology provider with teams across four countries, three continents, and a global customer base. The company holds nearly 100% market share in the U.S. iGaming market, placing GeoComply in a unique position to identify and counter both current and newly emerging fraud threats. It is trusted by the world’s most respected platforms for location compliance and fraud detection, building an impressive list of global customers including Amazon Prime Video, BBC, Akamai, Sightline, DraftKings, FanDuel and MGM.

The company commits to a world-class experience for its people, customers, and partners. GeoComply is also interested in using its technology in a philanthropic way by creating Conscious Gaming as an independent non-profit in the fall of 2020. Conscious Gaming’s mission is to leverage advanced technology and insights, to empower corporate social responsibility within its and its partners’ communities. It works with gaming operators, regulators, sports leagues, responsible gaming advocacy groups, academics and treatment professionals to better protect consumers and enhance responsible gaming.

Inspiring Identity
The company’s inspiring identity lies at its core values of Build it Better, Build it Bigger, and Build it Right.

Firstly, Build it Better depicts GeoComply as a company of puzzle-solvers with big ambitions who find innovative and customer-oriented solutions to roadblocks while ensuring that its mission to always deliver at the highest standards is maintained.

Secondly, Build it Bigger shows the company as a dreamer and builder with a bias for action. Its people work as a team to produce their best work while also constantly looking out for one another’s best interests. They lean into challenges and work collaboratively to stay on top of a problem until it is resolved, and then communicate openly and fairly about ways to learn and improve.

Lastly, Build it Right is based on GeoComply’s founding principle of doing things the right way. The company believes that details matter. This value has gained the trust of its employees, customers, and regulators as the absolute quality and integrity of its products and deliverables are paramount.

Achievements & Impact
The company’s software is installed on over 400 million devices worldwide and analyses over 3 billion transactions a year. GeoComply announced that it has reached a definitive agreement for minority investments led by funds managed by Blackstone Growth (“Blackstone”) and from Atairos. The partnership—which represents the first commitment of institutional capital to the company—aims to support GeoComply’s continued growth in its core markets and help accelerate expansion into new verticals. Revenues and employees are projected to double in 2021, with staffing levels to reach over 400 by the end of the year.

In order to achieve sustainable growth, the company also focuses on cultivating the growth of each employee, developing and empowering them so they can extend themselves and achieve their career goals. A wide range of talent development initiatives is offered to its employees, for instance, an annual budget for external education and training, Female Developer Innovation Tournament to support and motivate female developers, internship programmes, G-Force Oxford University Strategic Leadership Programme, internal training, etc.

Future Direction
With a clear vision, GeoComply’s goal is to become a core component of the digital trust ecosystem by 2025. To achieve this, the company will continue to innovate and provide its clients with a first-class, mission-critical and continuous updated service. Its plan is very significant growth in the core business for many years to come, possibly tenfold in the next 5 to 8 years. GeoComply is investing and expanding rapidly into the financial technology (FinTech) and financial services industry, applying its expertise and technology to solve the growing problem of online fraud, account takeovers, money laundering, terrorist financing and other financial crimes. Not only is the company committed to a world-class experience for its customers and partners, but GeoComply is also making an effort to maintain its rank among the top regional best places to work for its people.