Yaspa Receives UK Government Grant to Develop Safer Gambling Platform

By Saloni Sehmi
Yaspa Secures UK Government Grant for Safer Gambling Platform

The Future of Safer Gambling: Yaspa’s Innovative AI Platform

Instant bank payment provider Yaspa has been awarded a government grant for its safer gambling payments and AI platform by Innovate UK, the United Kingdom’s innovation agency.

Combining cutting-edge technology with a commitment to promoting responsible gambling, Yaspa has developed a web-based B2B platform that aims to revolutionize how operators identify and address vulnerable players in the industry.

Traditionally, gambling businesses have relied on limited data sources and manual checks to assess the risk of harm to players. However, with Yaspa’s platform, operators will have access to player transaction data at the point of deposit, providing a comprehensive and real-time view of a player’s pan-operator activity.

By leveraging artificial intelligence, the platform will analyze this data and predict the likelihood of a player developing a gambling-related problem. This proactive approach enables operators to intervene early and offer support to at-risk individuals.

In addition to the use of AI, Yaspa’s platform makes use of open banking technology to facilitate seamless affordability checks. Unlike traditional paper-based checks or checks limited to a single operator’s domain, the inclusion of payment data allows for a more accurate assessment of a player’s financial situation.

“With the use of fast-growing technologies including AI and open banking, our safer gambling platform will reimagine how affordability checks are conducted and actioned to protect vulnerable players,” said James Neville, the co-founder and CEO of Yaspa.

This pioneering platform aligns with the United Kingdom government’s plans for gambling reform, which prioritize frictionless financial vulnerability checks. By collaborating with academics in the field of safer gambling and AI, Yaspa aims to develop a world-class data analysis system that ensures players can make quick and easy deposits while minimizing the risk of harm.

The social impact of problem gambling cannot be underestimated. With an estimated 300,000 problem gamblers in the United Kingdom, Yaspa’s platform holds the potential to address this pressing issue and safeguard the well-being of players across the industry.

By winning the Innovate UK grant, Yaspa has demonstrated its commitment to pushing the boundaries of innovation and promoting a safer gambling environment. This recognition will enable Yaspa to further refine and enhance its platform in collaboration with leading experts in the field.

The future of safer gambling is here, and Yaspa is at the forefront of this transformative movement. Through the convergence of payments technology, AI, and a deep understanding of player behavior, Yaspa is poised to reshape the industry and protect vulnerable individuals.

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