DoTrust Complete secures top spot as first live client for Rank Group
The Department of Trust has introduced a groundbreaking financial risk assessment platform, DoTrust Complete, designed to enhance safer gambling practices and facilitate regulatory compliance for gambling operators.
The UK gaming operator, The Rank Group plc, has become the first live customer of DoTrust Complete. This platform is set to revolutionise the industry by allowing operators to design their own risk methodology and gain full auditability of decisions, ensuring proportionality and meeting regulatory requirements.
DoTrust Complete is engineered to streamline due diligence processes that gambling operators must adhere to under evolving UK regulatory requirements. It integrates with the UK's Vulnerability Registration Service (VRS), a central database of vulnerable individuals, offering better precision and efficiency in spotting and managing at-risk players. This partnership supports compliance and safer gambling goals.
By utilising DoTrust Complete, gambling operators can improve the player experience through more effective risk management. The platform helps operators balance regulatory compliance with player protection, reducing time-consuming manual processes and minimising the risk of overlooking vulnerable customers. This results in safer environments where players' wellbeing is prioritised without compromising operational efficiency or player enjoyment.
In light of the UK government's upcoming review of the Gambling Act, which is expected to require more frequent vulnerability checks on players, even at lower levels of spend, DoTrust Complete is poised to address these challenges.
Previously, UK gambling operators had to rely on multiple providers for financial risk, affordability, Anti-Money Laundering (AML), and compliance assessments. DoTrust Complete offers a solution to this complexity and cost by allowing operators to run all necessary checks in a single platform. This includes frictionless income and vulnerability tests using public and proprietary data.
Some of the data used in DoTrust Complete has not been deployed in the gambling industry before, further setting it apart as a game-changer. By consolidating these checks into one platform, DoTrust Complete aims to minimise poor player experience and significant regulatory penalties associated with the reliance on multiple providers.
In summary, DoTrust Complete improves the player experience by enabling gambling operators to identify and support vulnerable players more reliably and efficiently, fostering safer gambling practices and meeting stricter regulatory demands ahead of upcoming UK changes.
The gambling industry is capitalizing on the innovative DoTrust Complete platform, a fintech solution designed to streamline financial risk assessments and adherence to regulatory requirements. This technology integration, like the one adopted by The Rank Group plc, is set to redefine the business landscape by allowing operators to strike a balance between regulatory compliance, player protection, and preserving operational efficiency.
Furthermore, the DoTrust Complete platform promises to revolutionize the casino-and-gambling sector by harnessing cutting-edge technology, integrating with regulatory bodies such as the UK's Vulnerability Registration Service, and employing previously unutilized data sets, ultimately fostering safer gambling practices.
