Innovative initiative aims to revolutionize player protection in the iGaming industry. Yaspa, a leading instant bank payment provider, has secured a significant milestone in its mission to promote safer gambling practices.
The company has been awarded a grant by Innovate UK, the UK's innovation agency, for its groundbreaking Safer Gambling payments and AI platform.
The innovative web-based B2B platform developed by Yaspa integrates payments and artificial intelligence (AI) to facilitate the identification of vulnerable players in a seamless manner. By leveraging open banking technology, Yaspa's platform offers gambling operators access to comprehensive player transaction data at the point of deposit.
This holistic view enables operators to gain deeper insights into a player's activity across multiple platforms, enhancing their ability to identify individuals at risk of gambling-related harm.
James Neville, CEO and co-founder of Yaspa, emphasized the significance of this initiative, 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, powered by cutting-edge technologies such as AI and open banking, will revolutionize affordability checks and enhance player protection."
The Safer Gambling platform developed by Yaspa is a response to the UK government's efforts to reform the gambling landscape and promote responsible gambling practices.
By providing operators with a frictionless way to conduct affordability checks in real-time, Yaspa aims to address the challenges posed by problem gambling while ensuring a seamless experience for both operators and players.
The collaboration with Innovate UK will enable Yaspa to collaborate with experts in Safer Gambling and AI, ensuring the development of a world-class platform that meets regulatory requirements and exceeds industry standards.
Yaspa's Safer Gambling platform marks a significant step towards creating a safer and more responsible gambling environment in the UK, highlighting the company's commitment to innovation and player protection in the iGaming industry.
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