Yaspa Secures Innovate UK Grant for Groundbreaking Safer Gambling Platform
In a significant stride towards responsible gambling, Yaspa, a leading instant bank payment provider, has been honored with a grant from Innovate UK for its revolutionary Safer Gambling platform. This innovative initiative is set to transform the way gambling operators identify and support vulnerable players, leveraging the power of AI and open banking technologies.
Innovative Solutions for Safer Gambling
Yaspa’s web-based B2B platform is designed to integrate seamless payment processes with advanced AI algorithms to offer a comprehensive view of players’ gambling behaviors. By utilizing open banking technology, the platform will grant operators access to extensive player transaction data at the point of deposit, thereby offering a more accurate assessment of gambling habits across various operators.
James Neville, CEO and co-founder of Yaspa, expressed his enthusiasm for the project, stating, “With Innovate UK’s support, Yaspa will play a pivotal role in the future of compliance within the gambling sector. Our Safer Gambling platform, equipped with AI and open banking technologies, will redefine the approach to affordability checks, ensuring the protection of vulnerable players without the disruption associated with traditional methods.”
Addressing the Challenge of Problem Gambling
The initiative comes at a crucial time, aligning with the UK government’s ongoing efforts to reform the gambling landscape and enhance player protection measures. The platform’s ability to perform non-invasive, real-time risk assessments based on a pan-operator view of player activity is poised to set a new standard in the industry, moving beyond the limitations of current affordability checks.
The collaboration between Yaspa and Innovate UK, coupled with partnerships with leading academics in Safer Gambling and AI, aims to develop a platform that not only meets the operators’ needs but also surpasses regulatory requirements. This project represents a proactive response to the broader challenges posed by problem gambling in the UK, aiming to facilitate quick and easy deposits for players while ensuring a safe and responsible gambling environment.
Our Comment on the Article
The partnership between Yaspa and Innovate UK marks a significant milestone in the journey towards safer gambling practices. By harnessing the potential of AI and open banking, Yaspa’s Safer Gambling platform promises to offer a more nuanced and comprehensive approach to player protection. This initiative reflects a growing recognition within the industry of the need for innovative solutions to the complex challenges of problem gambling, setting a precedent for future developments in responsible gaming technology.
