UKGC nets 95% of frictionless checks at stage-1 of pilot on Financial Risk Assessments

The UK Gambling Commission (UKGC) has completed Stage-1 of its pilot on financial affordability risk checks, in which frictionless assessments have been carried out by credit agencies on the historic data of participating online operators.

An update on the Commission’s four-stage pilot was provided by Helen Rhodes, Director of Major Projects and Evaluations. The pilot, which began on 30 August, aims to evaluate the feasibility of applying financial risk assessments to help online operators identify high-risk customers.

Helen Rhodes: UKGC
The pilot runs separately from the White Paper proposal on light-touch affordability checks, which were implemented on 28 August at a £500 threshold on customer deposits, set to be reduced to £150 from 28 February 2025. As cited: “The Gambling Commission does not have any requirements for affordability checks and is not proposing any. Financial risk assessments would be a much more targeted way of identifying potentially financially vulnerable custom..

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