NatWest has introduced a gambling block on debit cards, giving customers the option to trigger a 48-hour cooling-off period via their mobile banking app. Any transactions attempted during that time frame will be automatically declined, with the block remaining in place indefinitely unless a customer chooses to remove it, in which case it can be disabled after the 48-hour period. …
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223,000 customers activate Monzo gambling block
Digital bank Monzo has revealed that 223,000 of its customers have activated its gambling block feature, with the number of users having more than doubled in the past year. Reported on AltFi, the digital bank confirmed that approximately 5% of its total customer base had activated the gambling block feature which allows users to stop transactions to bookmakers, both in-person …
Read More »GambleAware partners with UoB to offer guidance to UK finance
Gambling industry charity GambleAware has outlined plans to research the role that the UK financial industry can play in the support of those who experience or are at risk of gambling-related harm as part of a three-year partnership with the University of Bristol’s Personal Finance Research Centre (PFRC). The new alliance will focus upon the mitigation of financial losses incurred by problem gambling …
Read More »Monzo & Starling Bank launch in-app ‘gambling blocks’
Leading UK digital challenger banks Monzo and Starling Bank have added ‘gambling block’ components to their mobile banking apps, allowing for their customers to stop engaging in transactions with gambling/betting services. Considered two of the UK’s fastest growing fintech firms, Monzo and Starling seek to revolutionise retail banking, disrupting traditional current account functions and transactions through their mobile-first platforms. Launched with their …
Read More »Winning Post – UK: In Parliament – Hurt So Good
As the late Madam Cyn might have attested, some MPs seem to gain odd pleasure from the sensation of pain. Indeed, the lexicon of British politics is littered with masochistic references – where else might it be acceptable to be ‘whipped’ on a regular basis, for Parliament to be ‘hung’ or to risk an encounter with the ‘Black Rod’? So …
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