UK Financial Conduct Authority grants Department of Trust status as Account Information Service Provider
DOTrust, a pioneering company in the realm of financial assessments, has recently been recognized as a RAISP (Registered Account Information Service Provider) by the UK's Financial Conduct Authority (FCA). This significant advancement for the company and the industry as a whole marks a new era in ensuring responsible gambling and financial transparency.
As a RAISP, DOTrust can now deliver high-acceptance, low-friction, and privacy-protecting financial assessments for gamblers. These assessments are designed to be accurate and proportionate throughout the player journey, providing operators with comprehensive risk evaluation for identifying and assisting potentially vulnerable customers, starting from the registration phase.
Charles Cohen, the founder and CEO of DOTrust, has stated that becoming a RAISP is a significant step forward for the company and the industry. He emphasized that financial risk assessments for gamblers require a bespoke approach that is sensitive to the needs of consumers and operators.
DOTrust's recent development, the DoTrust Complete platform, further reinforces the company's commitment to providing the tools necessary for compliance in regulated markets worldwide. The platform allows for seamless checks in lower-risk situations without distracting from the main task, ensuring a smooth and uninterrupted user experience.
The DoTrust Complete platform with The Rank Group was introduced over a year ago. This collaboration has enabled DOTrust to directly link to numerous UK banks and payment institutions, providing a secure and efficient means of data collection and analysis.
The recognition as a RAISP allows DOTrust to offer a higher level of service, innovate faster, and ensure integrity throughout while providing the best value for money in the sector. The suite of assessments provided by the DoTrust Complete platform offers a comprehensive solution for financial risk evaluation, empowering operators to make informed decisions and promote safer gambling practices.
Moreover, the DoTrust Complete platform with its BetBudget personal finance tool for consumers, empowers users to manage their spending, maintain data control, and track gambling profit and loss. This tool is designed to support safer gambling through financial risk assessments, providing consumers with the tools they need to make informed decisions about their gambling activities.
In the financial sector, DOTrust's role as a RAISP facilitates secure, regulated access to customer account data to enable innovative financial products, improve transparency, and enhance customer choice. In the gambling industry, DOTrust assists operators or customers by providing aggregated account information to verify affordability, ensure responsible gambling measures, and enable safer gambling practices by giving a clearer picture of players' financial situation.
Without up-to-date or specific search data, we cannot give detailed insights about DOTrust.co.uk's operations or impact. However, their status as a RAISP implies they play a role in secure data aggregation and enhancing financial transparency within these sectors.
DOTrust's services are meant to be sensitive to the needs of consumers and operators alike, aiming to provide the highest level of service, innovate faster, and ensure integrity throughout while providing the best value for money in the sector. This recognition is a testament to DOTrust's commitment to responsible gambling and financial transparency, setting a new standard for the industry.
- The recognition as a RAISP positions DOTrust at the forefront of finance and technology, allowing them to offer advanced, privacy-preserving financial assessments for the gaming industry, which is a significant step towards ensuring responsible gambling and financial transparency.
- The DoTrust Complete platform, a comprehensive solution for financial risk evaluation, leverages data-and-cloud-computing and fintech innovations, to empower operators to make informed decisions and promote safer gambling practices.
- In the banking-and-insurance sector, DOTrust's role as a RAISP supports secure, regulated data sharing, enabling the development of innovative financial products, improving transparency, and enhancing customer choice.
