GlobalCheck Unveils New ID Verification Service as UK Affordability Checks Begin

GlobalCheck has introduced an innovative identification verification service tailored to assist operators with the newly implemented UK affordability checks. This development comes in response to the UK Gambling Commission’s (UKGC) affordability check pilot, which went live on August 30, 2024.

Under the new UK regulations, operators are required to perform affordability checks on players losing more than £500 per month, with the threshold set to drop to £150 per month starting February 2025. In response, GlobalCheck has launched a solution that enables operators to conduct these checks in a seamless, non-intrusive manner, without relying on traditional methods such as bank statement reviews or open banking.

The key feature of GlobalCheck’s offering is its multi-bureau identification verification process, which modernizes the way affordability checks are performed. This approach offers enhanced match rates and a more comprehensive understanding of a player’s financial situation, surpassing the capabilities of single-bureau solutions.

This new affordability check functionality is part of GlobalCheck’s broader suite of global compliance services, which are designed to support operators in meeting complex regulatory requirements across international markets. The service is expected to be a valuable tool for igaming operators as they adapt to evolving regulatory landscapes, particularly in the UK.

GlobalCheck CEO Alastair Graham said: “These new regulations emphasise the crucial role of robust affordability checks within the iGaming industry. Our GlobalCheck team understands the delicate balance of maintaining compliance without disrupting the user journey. Our multi-bureau identification with affordability ensures gaming companies can meet the new requirements without compromising the user experience.

“As iGaming companies face an increasingly complex and evolving regulatory landscape, GlobalCheck remains committed to being at the forefront of the industry, providing the essential tools compliance teams need to operate confidently and efficiently in regulated markets worldwide.”