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Amelco and RISQ team up to provide groundbreaking risk-free sports betting

George Miller

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Amelco and Atlantis Gaming Corporation sign key tribal casino deal
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Partnership to deliver revolutionary new sports betting solution for operators in industry first

Amelco, the leading sports betting software and trading services provider has teamed up with RISQ to offer a unique model to sportsbook platforms and their clients.

The first of its kind, the collaboration will see Amelco offer its clients the option a fixed percentage of sports betting turnover rather than the traditional gross gaming revenue-led deals where their clients are exposed to loss making periods.

Traditionally, when an operator decides to offer sports betting as a standalone or additional product vertical, it splits revenues with the platform provider and usually in favour of the client, however – when a sportsbook has a losing month, the client also takes all the downside.

In partnership with RISQ, who will provide its financial liquidity and sports trading expertise to take on the risk posed by the variance inherent in sports betting, Amelco believes this new industry model will redefine operator-client sports betting partnerships.

Commenting on the deal, Sam Foulkes, Trading Director at Amelco said:

“This service is set to offer the industry a completely new trading instrument and a unique opportunity for our clients – and we’re delighted to be delivering something so innovative.

“RISQ is unrivalled when it comes to experience in sports betting analytics, coupled with access to liquidity, risk management tools and pricing expertise – and this service is a very exciting proposition.”

Tom Mitchell of RISQ added:

“We’re thrilled to partner with a leading, established tech company like Amelco on this deal and to notch-up another industry first. We feel this really is something very innovative that cements our position at the forefront of risk management and sports trading services for the global gaming industry.”

With more than a decade of experience in supplying tailored software solutions for pricing, trading and execution, Amelco provides bespoke enterprise sports betting and trading platforms to a large number of leading sportsbooks around the world.

As well as its latest groundbreaking proposition, this year has also seen Amelco launch Quantum Omnichannel, the industry’s first fully automated price differentiation model, as well as Quantum Outrights, the industry’s most advanced football outright pricing model.

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Australia

Australian NAB Bank Offers Gambling Restriction Option In App

George Miller

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Australian NAB Bank Offers Gambling Restriction Option In App
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NAB is providing new ways for customers to take greater control over their finances, becoming the first Australian bank to offer the option to block gambling transactions via its app.

All retail banking customers with NAB Visa Credit or NAB Visa Debit cards can now restrict most gambling transactions with immediate effect – with just one touch.

The gambling block capability was first implemented via iOS devices in December 2019, and has now been expanded to Android devices. NAB also remains the only major Australian bank to offer a restriction option on debit cards.

NAB Chief Customer Experience Officer Rachel Slade said the new app feature would support Australians in controlling their financial future. In December, the latest annual Australian Gambling Statistics report revealed almost $25 billion of gambling expenditure in 2017-18, with this figure rising by around 5 per cent on the year prior.

“It’s very easy to place a bet, so there’s real value in giving people the option to plan ahead and control their spending. This tool is designed to put the choice in the hands of our customers,” Ms Slade said.

“Since commencing the roll-out in December we have seen more than 10,000 customers turn on the restriction, highlighting the importance of offering easy-to-use tools for customers to manage their finances.”

The new app capability comes as Australians continue to face significant budgeting challenges, with the NAB Australian Wellbeing Survey, released Wednesday, revealing rising financial anxiety and one in four Australians experiencing some form of financial stress or hardship over the past three months.

“We’re making it easier for customers to take greater control over their money,” Ms Slade said.

“We also recognise problem gambling remains a major challenge affecting the community, and one that requires organisations, governments, and the community to work together to effectively address.”

NAB will continue to offer new opportunities for customers to improve their financial health and wellbeing, with other recent actions including offering a free credit health check for all Australians, launching ‘My Goals’ to track progress on personal savings ambitions and providing SMS reminders for credit card payments.

Background 

  • Customers need to have the latest version of the app to be able to access the feature. It blocks most gambling transactions, including sports betting, casino games, lottery tickets and online gambling – more details at nab.com.au/gamblingrestriction.
  • In March 2019, NAB first rolled out a gambling restriction service, which gave customers the option to call NAB Customer Support on 1300 308 175 to block most gambling transactions. This service is active.
  • The Customer Support team is set up to assist any customers experiencing vulnerability, including when gambling is the cause, and can refer customers to a specialist gambling financial counsellor if appropriate (via Uniting’s CareRing program).
  • The restriction can be removed via the NAB App or by calling NAB Customer Support, however there will be a delayed reactivation of 48 hours during which time the request to reactivate can be cancelled.
  • The Australian Banking Association recently released a discussion paper on the use of credit cards for gambling and the role of banks in addressing problem gambling and is currently seeking public feedback.
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Press Releases

Gambling Business Group deliver powerful industry insight to UK government department

George Miller

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Gambling Business Group deliver powerful industry insight to UK government department
The Gambling Business Group (GBG) host the gambling policy team from the Department for Digital Culture Media and Sport (DCMS) at the recent ICE London exhibition
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Peter Hannibal, chief executive of the influential cross industry strategic body the Gambling Business Group (GBG), has thanked members for providing an ‘ultra professional’ shop window on the industry when they helped host the gambling policy team from the Department for Digital Culture Media and Sport (DCMS) at the recent ICE London exhibition. Five of the team attended the closing day of ICE London as guests of the Gambling Business Group, participating in a guided tour of the exhibition which took in key features of the ICE show floor.

Expanding on the visit, Peter Hannibal said: “I was delighted to host the gambling policy team and to be able to explain the issues impacting the modern gambling industry. GBG members are drawn from all sectors of the industry which enabled the DCMS party to develop a holistic view of the business as opposed to viewing it exclusively through the prism of just one gambling vertical.”

He continued: “The DCMS representatives covered On-line, Off-line, Responsible Gambling, Brexit and Gambling Policy amongst many other topics. In terms of specifics they wanted an insight to technological developments, the industry’s safer gambling initiatives as well as the emergence of the e-sports phenomenon. GBG Members exhibiting at ICE, including Playtech, Novomatic UK, Regal Leisure, Innovative Technologies Ltd, SG Gaming, Praesepe, Inspired Entertainment, Blueprint Gaming and Reflex Gaming were able to show the DCMS team a wide range of innovations, technological solutions as well as a sharp focus on safer gambling. Members of the party stayed on after the scheduled visits had finished simply to wander around what is undoubtedly the greatest gambling show on earth!

“Finally, I would like to issue a big thank you to both the ICE London organising team led by Kate Chambers and to GBG member companies for representing and portraying the Industry in such a compelling and ultra professional way.”

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Industry News

Trustly recognized as the Best PISP, AISP at the Merchant Payment Ecosystem Awards (MPE Awards)

George Miller

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Trustly wins best open banking solution at the Merchant Payment Ecosystem Awards
Photo Source: trustly.net
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Trustly is thrilled to announce that it has been recognized as the Best PISP, AISP (Payment Initiation Service Provider, Account Information Service Provider) at the Merchant Payment Ecosystem Awards (MPE Awards).

The MPE Awards have, over the past 10 years, become an important benchmark of global excellence in POS and merchant payments and celebrate and honor the achievements of companies across the European merchant payments ecosystem. The PISP AISP award goes to the company that most efficiently brings open banking services to the merchant community, and provides the best customer experience. Trustly won this award for its continuously innovative approach to realizing the potential of open banking.

Leon Dhaene, Chairman of the MPE Awards, says: “Make e-commerce simple again. It could have been the slogan of a politician, but it is essential if you want to bring potential customers to effectively buy over the internet. The Jury appreciated the fact that Trustly delivers fast, simple and secure payments in only three steps.”

Oscar Berglund, CEO at Trustly, says: “We’re proud to be recognized as the Best PISP, AISP at the MPE Awards. We will continue to work meticulously on further developing the online banking payment solution that our merchants and their customers love. It feels great to have our hard work recognized by the merchant and partner community.”

 

About Trustly:

Founded in 2008, Trustly is the global leader in Online Banking Payments. Our account-to-account network bypasses the card networks, letting consumers make fast, simple and secure payments to merchants directly from their online banking accounts. With support for more than 6,000 banks, roughly 600 million consumers across Europe and North America can pay with Trustly. We serve many of the world’s most prominent merchants within e-commerce, financial services, gaming, media, telecom and travel, which all benefit from increased consumer conversion and reduced operations, fraud and chargeback costs.

Trustly has 400 employees across Europe, the US and Latin America. We are a licensed Payment Institution under the second payment services directive (PSD2) and operate under the supervision of the Swedish Financial Supervisory Authority in Europe. In the US, we are state regulated as required to serve our target markets. Read more at www.trustly.com.

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