This recommendation has been put forward in a policy paper by the Money and Mental Health Policy Institute (MMHPI), which explores the “role of financial services in tackling gambling-related harms.”
Established in 2016 by Martin Lewis (CBE), the founder of MoneySavingExpert.com, MMHPI seeks to provide new expertise on financial policy to improve public well-being.
As detailed, “The policy paper examines gambling harms in Britain and the role of current account providers in supporting the launch of a new programme of work.”
Banks have a unique visibility of threats
Of particular relevance to the treatment and intervention of gambling harms, banks and financial institutions have a ‘unique visibility’ into individuals’ spending habits, enabling them to identify potentially harmful gambling behaviours and intervene early to mi..