05.02.2024

by Mateusz Mazur

ClearStake Partners with Grace Media to Enhance iGaming Compliance

ClearStake, a frontrunner in smart financial data requests, has joined forces with Grace Media, a comprehensive service provider in the iGaming industry, to augment its platform with rapid and precise due diligence checks.

ClearStake's Open Banking Technology Enhances Player Retention and Approval Rates iGamingExpress

This collaboration is set to revolutionize the way Grace Media’s clients, including notable brands like O’Reels, Hot Streak, and SlottySlots, manage financial data requests, thereby improving player retention through a seamless compliance process.

Streamlining Due Diligence

The integration of ClearStake’s technology with Grace Media’s turnkey iGaming platform promises to make financial data inquiries straightforward for players, enhancing the user experience.

ClearStake’s solution, grounded in Open Banking, offers operators a fully customizable and easy-to-integrate system, enabling them to make informed decisions regarding income validation, affordability, and anti-money laundering (AML) swiftly and with confidence.

Impact on Player Engagement

The collaboration is anticipated to mitigate player drop-off rates and foster sustainable revenue streams for Grace Media’s clients by streamlining the due diligence process. ClearStake’s approach has already shown significant improvements in player opt-in rates, with the data-sharing process taking less than 30 seconds, leading to a notable increase in players completing enhanced due diligence checks.

Martin Burt, CEO of ClearStake, expressed excitement about the partnership, highlighting the mutual understanding between ClearStake and Grace Media of the critical nature of financial data requests in maintaining revenue and adhering to regulatory mandates. “We’re eager to replicate the success we’ve had with other operators through this new partnership,” Burt stated.

Charlie Noble, COO at Grace Media, underscored the importance of smooth compliance journeys in their product offering, noting, “With ClearStake, we’re set to significantly improve financial checks, which will in turn help our clients retain more players.”

Our Comment on the Article

The strategic alliance between ClearStake and Grace Media marks a significant advancement in the iGaming sector, particularly in the realm of compliance and player retention. By leveraging ClearStake’s innovative financial data request solutions, Grace Media is poised to provide its clients with a competitive edge, simplifying the compliance process while enhancing the overall player experience.

This partnership not only reflects the ongoing evolution of iGaming platforms towards more user-friendly compliance solutions but also emphasizes the industry’s commitment to responsible gaming practices. As the iGaming landscape continues to grow, such collaborations will be crucial in shaping a more secure and player-centric market.

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