How does open banking make gambling safer? Make payments and initiate payouts without the need to share card details Share account and transaction data, for example, to help with affordability assessments This access is enabled by secure technology called application programming interfaces (APIs). Open banking is a way of giving regulated companies secure, limited access to a customer’s bank account with the customer’s express permission. We take a look at how open banking can help create safer online gambling environments for players, while helping operators meet their regulatory obligations. At the same time, the gambling regulator has also turned its attention to how gambling businesses follow rules when promoting gambling products and interacting with customers. Making online gambling safer has been increasingly high on the UK government’s agenda as it sets out proposals to reform gambling laws.
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