DoTrust Complete's First Live Customer: Rank Group Secures Top Position
The Department of Trust has unveiled a groundbreaking platform, DoTrust Complete, designed to offer end-to-end financial risk checks for gambling operators. This innovative solution aims to address the challenges posed by the UK government's upcoming review of the Gambling Act, which is expected to heighten the need for more frequent vulnerability checks on players, even at lower levels of spend [1].
Traditionally, UK gambling operators have relied on multiple providers for financial risk, affordability, Anti-Money Laundering (AML), and compliance assessments. This reliance, however, has led to complexity, cost, poor player experience, and significant regulatory penalties. DoTrust Complete, an award-winning provider of financial risk assessments for safer gambling, seeks to address these issues by offering a single platform for all necessary checks [1].
Empowering Compliance and Player Protection
DoTrust Complete is tailored for the gambling sector, empowering online casinos and sportsbooks to effectively conduct financial risk assessments and due diligence on vulnerable players. By partnering with the UK’s central database of vulnerable individuals (Vulnerability Registration Service or VRS), DoTrust Complete offers greater accuracy and flexibility in identifying players who may be at risk, helping operators maintain compliance and protect vulnerable users [1].
The platform automates and optimizes traditionally manual, complex, and lengthy risk checks, streamlining the workflow for operators. By integrating comprehensive vulnerability and financial risk data in one platform, DoTrust Complete reduces the operational burden on compliance teams, enabling faster, more reliable player risk assessments [1]. This accelerates onboarding and ongoing monitoring without compromising regulatory compliance, ultimately supporting a smoother, safer, and more responsible player experience.
A Step Ahead in Regulatory Compliance
DoTrust Complete allows operators to design their own risk methodology and ensures full auditability of decisions to meet regulatory requirements. Rank Group plc is the first live customer of DoTrust Complete, demonstrating its potential to revolutionize the gambling industry's approach to financial risk management [1].
In summary, DoTrust Complete combines regulatory compliance tools with seamless integration of vulnerability data, helping gambling operators efficiently evaluate and mitigate financial risks tied to player vulnerabilities. This streamlines compliance workflows and enhances the overall player journey, ensuring a safer, more responsible gambling environment for all.
[1] Source: DoTrust Complete Press Release, [Date]
The gaming industry is poised to embrace technological advancements, as DoTrust Complete, an innovative platform, enters the market to offer a one-stop solution for financial risk assessments. By automating and streamlining complex risk checks, this service is expected to revolutionize the business model of gambling operators, ensuring regulatory compliance and a smoother, safer player experience, thereby intertwining finance and technology in an effort to enhance player protection.
