Sporting Solutions has announced the launch of its new vertical ‘Risk Management Services (RMS)’, in partnership with state-owned operator, Danske Spil as its first client.
The industry market provisions and data supplier is part of the Sporting Group, with the new vertical covering four critical functions for operator management: price coverage, risk management, trading functionalities and back-office operations.
The branch was created in the hopes of reducing complexities around ‘switching/monitoring risk’, a technical and costly challenge for operators and industry stakeholders. This further allows for customised local content and enhanced client scalability.
Simon Trim, CEO of Sporting Group, commented: “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.
“Danske Spil have long been recognised as both a market leader and one of the most progressive lottery operators in the world, and we are very proud to announce them as a first partner.
“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, CEO at Danske Licens 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.
“The combination of risk management, flexible trading tools and back-end operations is unique to the industry and we’re really excited about the potential of RMS to further strengthen our business and unique position in the Danish market.”