Responsible gambling

The potential of open banking in online gambling

With challenger and high-street banks alike beginning to introduce greater controls on gambling transactions for their customers, where will this convergence leave players? Daniel Brookes, compliance director at Degree 53, looks into the crystal ball

You can draw quite a few parallels between banking and online gambling. Both are heavily regulated industries, dealing with customer information and vast amounts of money. Both rely on complex technologies, whether it’s legacy systems or more recent solutions. They also manage risk and tackle financial fraud, so the need for robust preventative systems is…

Anti-money laundering | Banking | Fraud prevention | Responsible gambling