Yaspa nominated for two illustrious awards within the gambling sector
Step into the world of real-time payments with Yaspa, the innovative payment provider shortlisted for two prestigious gambling industry awards.
The London-based company is in the running for Innovation in Payments Solutions and Safer Gambling Software Supplier at the upcoming EGR B2B Awards. These awards, now in their 16th year, recognize outstanding service providers in the gambling industry, honoring those who lead the pack in innovation, reliability, and client service. The winners will be announced at a glitzy ceremony at the Roundhouse in London on July 3.
Yaspa offers seamless, straightforward, and secure instant payments through open banking for a variety of partners. These partners include online and offline gambling industry giants such as Playbook Engineering, Novibet, NetBet, Casino Lugano, and White Hat Gaming.
In 2024, Yaspa was awarded an Innovate UK grant to further develop its Intelligent Payments solution. This unique B2B platform combines open banking technology and AI to help gambling operators identify vulnerable players in a hassle-free manner. Designed to empower businesses, it integrates Pay by Bank transactions, AI-powered verification, and real-time risk assessment into a smooth, secure experience.
In the gambling sector, Yaspa's solution helps operators foster responsible gambling by providing them with access to player transaction data at the point of deposit. This real-time insight offers operators a significantly broader and more accurate picture of a player's activity across multiple platforms and their financial health.
James Neville, CEO of Yaspa, expresses his excitement about the nominations:
The EGR awards are considered the pinnacle of B2B igaming ceremonies, and for Yaspa to be nominated is great recognition for our team's relentless pursuit of innovation.
Our Intelligent Payments solution is a one-of-a-kind proposition, and it's heartening to see that its potential to revolutionize responsible gambling practices has been acknowledged.
We are incredibly proud to be shortlisted alongside some of the heavyweights in the gambling and payments industries and are eagerly looking forward to the awards night.
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The Impact of Yaspa's Intelligent Payments Solution
Yaspa's Intelligent Payments solution introduces several key features that impact the gambling industry, particularly in promoting responsible gambling practices.
Instant Transactions & Financial Control
With Yaspa, players can enjoy instant payouts, withdrawals, and refunds, with transactions settled in a matter of seconds. This swift processing reduces the temptation to chase losses due to delayed withdrawals, a common risk factor in gambling addiction. For operators, it streamlines cash flow management and offers customers transparent, real-time financial interactions.
Enhanced Security & Authentication
As an open banking solution, Yaspa authenticates transactions directly through users' mobile banking apps, eliminating the need to share sensitive financial details with third-party platforms. This closed-loop verification minimizes fraud risks and ensures only authorized individuals can initiate transactions, aligning with responsible gambling frameworks that prioritize user protection.
Frictionless User Experience
Yaspa's design promotes simplicity, allowing deposits and payments with minimal steps. While ease of use is a selling point for operators, some responsible gambling advocates might see the reduced friction as a potential concern. However, the direct banking integration inherently limits overspending to available funds, avoiding credit-based gambling.
Industry Adoption & Compliance
Already integrated across UK online casinos, Yaspa's open banking infrastructure provides operators with auditable transaction trails, potentially simplifying compliance with anti-money laundering (AML) and problem gambling intervention protocols. Its security-first approach could serve as a model for balance between user convenience and regulatory obligations.
The solution's impact on responsible gambling remains dual-natured: instant access improves transparency, but real-time withdrawals might require additional tools like cooling-off periods to effectively manage compulsive behavior risks.
Yaspa's Intelligent Payments Solution, a nominee for the EGR B2B Awards, is revolutionizing the gambling industry by offering seamless and secure instant transactions through open banking.
His solution's unique features, such as instant payouts, withdrawals, and refunds, help reduce the temptation for players to chase losses due to delayed withdrawals, which is a common risk factor in gambling addiction.
The open banking technology used by Yaspa also ensures enhanced security and authentication by authenticating transactions directly through users' mobile banking apps, minimizing fraud risks and prioritizing user protection.
Yaspa's solution is already adopted across UK online casinos, providing operators with auditable transaction trails that simplify compliance with anti-money laundering (AML) and problem gambling intervention protocols.
