London, UK – 6th October 2022, Digital identity company Yoti and Department of Trust, the financial KYC provider, have today announced a new partnership enabling gambling operators to complete affordability, safety and identity checks in one click.
Consumers will be able to link a new or existing Yoti verification to a BetBudget personal financial profile at any time. After completing this simple one-time process, future registrations at participating gambling sites can be achieved in one click.
Operators who use the combined service will have the benefit not only of frictionless registration with reduced risk of fraud, but also instant access to ongoing real-time financial KYC data for affordability, responsible gambling and AML checks.
Robin Tombs, CEO of Yoti said: “We’re excited to partner with the Department of Trust (DoTrust) and combine our solutions to introduce a new standard of compliance and identity verification for the gambling sector. DoTrust shares our philosophy to empower individuals with a safer way to share their personal information; one that protects their privacy and personal data, whilst ensuring companies have the details they need to be compliant.”
Charles Cohen, CEO of Department of Trust, said: “Safe, one-click identity and financial KYC is the holy grail for gambling operators and their customers. No more forms, no more documents – and no risk to privacy. Yoti’s document based verification tools are the best on the market, with millions of users already. Combining this with the power of Open Banking to enable non-intrusive and effective affordability checks is a great step forward for the industry.”
About Yoti
Yoti is a digital identity technology company that allows organisations to verify identities and trusted credentials online and in person. Yoti’s products span identity verification, age verification, document eSigning, access management, and authentication. Over 12 million people have downloaded the free Yoti app globally. Yoti is available in English, Spanish, French, German, Portuguese and Polish. Yoti is certified to ISO/IEC 27001:2013 for ID Verification Services, ISAE 3000 (SOC 2) Type 2 certified for its technical and organisational security processes. For more information please visit www.yoti.com.
About Department of Trust
Department of Trust (dotrust.co.uk) is a UK-based provider of financial KYC solutions. The company is registered with the UK financial conduct authority as an agent for Open Banking. BetBudget (betbudget.app) is a free personal budgeting app and website which empowers consumers with information to support smart budgeting decisions alongside productivity tools for managing all their gambling accounts. Consumers are able to use BetBudget to share the data necessary for satisfying financial KYC inquiries from gambling sites, including affordability, without having to send bank statements or intrusive checks on their credit file.