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Yaspa, the Real-Time Payment Provider, Shines in the Gambling Industry Spotlight
Recognized for two renowned accolades in the gambling sector: Yaspa nominated
London-based Yaspa, a pioneering fintech company, finds itself in the limelight as it's been nominated for two prestigious awards in the gambling sector - Innovation in Payments Solutions and Safer Gambling Software Supplier at the upcoming EGR B2B Awards.
These highly-coveted honors, now in their 16th year, judge excellence in service providers within the gambling industry, rewarding innovation, reliability, and exceptional customer service. The winners will be unveiled at a swanky ceremony at London's Roundhouse on July 3.
Yaspa offers swift, hassle-free, and secure instant payments via open banking to a variety of partners in the online and offline gambling world. These include the likes of Playbook Engineering, Novibet, NetBet, Casino Lugano, and White Hat Gaming.
In 2024, Yaspa scored an Innovate UK grant to continue developing its Intelligent Payments solution, a one-of-a-kind B2B platform that combines open banking technology and AI. This groundbreaking platform serves to help gambling operators identify vulnerable players seamlessly, all while ensuring their transactions are secure and frictionless.
Yaspa presents an invaluable resource in the gambling sector, empowering operators to support responsible gambling and gain insights into players' financial habits at the point of deposit. These real-time user insights offer a broader and more accurate picture of a player's overall activity across various operators, ultimately fostering safer gambling practices.
"The EGR awards are the cream of the crop in B2B igaming ceremonies," stated Yaspa CEO James Neville, "and it's a tremendous honor for Yaspa to be nominated, reflecting our team's tireless efforts and relentless pursuit of innovation."
Neville further expressed his pride in Yaspa's Intelligent Payments solution, which he believes stands out as a unique proposition. "Its potential to significantly impact responsible gambling has been recognized, and we are excited to compete with the big names in the gambling and payments industries. See you at the awards night!"
A Glimpse into Yaspa's Transformative Impact:
Yaspa's open banking technology and AI approach promises to revolutionize the gambling industry in three key ways, prioritizing responsible gambling and regulatory compliance:
- Frictionless Risk Assessment Leveraging open banking, Yaspa enables instant risk assessments by accessing customer-consented financial data during transactions. This helps operators spot irregular spending patterns without compromising user experience[1][5].
- AI-Driven Behavioral Insights Yaspa's machine learning engine deciphers transactional data to pinpoint fraud indicators and vulnerable player behaviors, such as compulsive deposit patterns[1][5]. This greater understanding empowers operators to implement proactive measures that promote safer gambling.
- Compliance-Focused Architecture Yaspa's platform seamlessly integrates KYC verification and real-time monitoring into payment workflows, ensuring operators adhere to regulatory requirements while enabling smooth transactions. Their system also provides operators with actionable insights through customizable dashboards for compliance teams[1][4][5].
A recent podcast discussion elaborated on how Yaspa supports operators in identifying at-risk players through AI analysis of financial behavior, enabling interventions that balance user convenience with regulatory adherence[5]. Instead of relying on traditional payment methods, Yaspa reinvents transactions as compliance tools by harnessing data intelligence.
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- Yaspa, nominated for Innovation in Payments Solutions and Safer Gambling Software Supplier at the EGR B2B Awards, is a fintech company offering real-time payments to partners in the gambling industry.
- The EGR B2B Awards, in their 16th year, recognize excellence in service providers within the gambling industry, focusing on factors like innovation, reliability, and customer service.
- Yaspa's unique B2B platform, combining open banking technology and AI, is being developed to help gambling operators identify vulnerable players and ensure secure, frictionless transactions.
- Yaspa's Intelligent Payments solution, a key aspect of their work, aims to impact responsible gambling significantly and has been praised for its potential to provide real-time insights into player financial habits.
