Gambling operators can improve customer experience whilst improving compliance
Digital identity company Yoti and Department of Trust, the financial KYC provider, have today announced a new partnership enabling gambling operators to complete affordability, safety and identity checks in one click.
Consumers will be able to link a new or existing Yoti verification to a BetBudget personal financial profile at any time. After completing this simple one-time process, future registrations at participating gambling sites can be achieved in one click.
Operators who use the combined service will have the benefit not only of frictionless registration with reduced risk of fraud, but also instant access to ongoing real-time financial KYC data for affordability, responsible gambling and AML checks.
Robin Tombs, CEO of Yoti said: “We’re excited to partner with the Department of Trust (DoTrust) and combine our solutions to introduce a new standard of compliance and identity verification for the gambling sector. DoTrust shares our philosophy to empower individuals with a safer way to share their personal information; one that protects their privacy and personal data, whilst ensuring companies have the details they need to be compliant.”
Charles Cohen, CEO of Department of Trust, said: “Safe, one-click identity and financial KYC is the holy grail for gambling operators and their customers. No more forms, no more documents – and no risk to privacy. Yoti’s document based verification tools are the best on the market, with millions of users already. Combining this with the power of Open Banking to enable non-intrusive and effective affordability checks is a great step forward for the industry.”
Powered by WPeMatico