Bookmaker Ladbrokes has boosted it anti-fraud capabilities by joining Ethoca’s colloborative fraud management community for access to a shared pool of sector-specific data.
The betting giant, which takes up to 10 million bets a week and £12bn in stakes annually, said working with Ethoca was “a natural fit” since it said the collaborative fraud management offering was the best available.
Ethoca recently added William Hill, bwin, 888 and Stan James to its network of betting firms sharing information to cut fraud.
The company's expanding membership means its clients have access to the collective experiences and analyses of a growing data pool, with firms that use the service seeing fraud management as an area for co-operation rather than competition.
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