FinRisk Solutions, a burgeoning financial technology firm focused on evaluating financial risk in the gaming sector, has joined forces with WagerWise Advisors, a premier consulting group offering specialized guidance on gaming regulations and adherence. This alliance seeks to simplify the frequently unwieldy procedure of confirming the origin of funds for internet-based gaming platforms.
By merging their knowledge and utilizing open banking innovations, FinRisk Solutions and WagerWise aim to revamp the affordability and source of funds verifications, making them both streamlined and aligned with legal mandates. This partnership emerges as the industry grapples with substantial monetary setbacks stemming from antiquated and intrusive confirmation techniques.
Katherine Caldwell, Director of WagerWise, emphasized the detrimental effects of current procedures on client satisfaction. Soliciting confidential financial records like bank statements and salary slips for what is fundamentally a recreational pursuit can feel intrusive and discourage patrons. This frequently results in diminished expenditures or customers opting for rivals with less rigorous checks.
Armalytix has partnered with Betsmart to create a more seamless journey for our users,” shared Richard McCall, Chief Executive Officer at Armalytix. “This collaboration allows us to verify an individual’s financial standing and capacity to responsibly engage in wagers at various levels, catering to both recreational and high-stakes participants, without interrupting their enjoyment.”
McCall further noted, “Betsmart possesses a deep comprehension of the regulatory landscape and prioritizes the well-being of its patrons, establishing them as the ideal collaborator for us.”
