W2 debuts powerful affordability solution
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W2 has launched Affordability for gambling tool. It allows operators to carry out comprehensive affordability checks without impacting the customer journey. UK Gambling Commission has handed out more than £54m in fines over the past two years alone.
W2 has launched a powerful affordability solution for gambling operators. The tool is available for Crucial Compliance Player Protection tool. It can be used to verify player affordability and monitor player circumstances. The review of the Gambling Act 2005 is expected to increase oversight and enforcement. W2's CEO Warren Russell is working with industry experts to tackle the issue. He hopes the new requirements will help operators meet any new regulations. They will avoid fines and reputation damage.
W2 debuts powerful affordability solution. It offers custom data consumption either through API integration at onboarding, or trigger based on various markers of harm (MOH). It also verifies declared income without the need for documentation and helps to understand previous loan application purpose and amount.
