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ClearStake Customers Report Impressive 160% Increase in Retention During Affordability and Source-of-Funds Checks
Provider’s fast and accurate technology also leads to 500% boost in limit increase approvals
Real-time risk profiling tool provider ClearStake has revealed a significant reduction in player churn and a boost in limit increase approvals as the company reports results from operators using the solution.
ClearStake’s Open Banking technology, built specifically for the gambling industry, helps operators reduce player churn by instantly identifying which players can stake freely and which need protecting, minimising harm while maximising revenue.
The traditional method of asking for physical bank statements is known to be a laborious process for both the operator and player, often leading to high levels of customer churn believed to be around 85%.
Sharing data for the first time, the company revealed that one customer, a sportsbook operator, saw a 160% increase in players completing enhanced due diligence (EDD) checks with ClearStake when compared with conventional methods.
Another customer, an online casino platform, used ClearStake to speed up and manage the process through which players request a change to the standard spending limit applied to all new players.
By using ClearStake, the operator reported a 500% increase in approvals of limit increases, from 10% to 60%, as a result of improved player convenience and the rich data provided to its compliance team.
The customer also observed a 60% reduction in the time it takes staff to reach a decision on a player’s financial health when compared to manual reviews, due to an increased confidence in the breadth and accuracy of data supplied by ClearStake.
The results demonstrate ClearStake’s leadership credentials in the gambling RegTech space as it anticipates stronger results in the last quarter of the year.
“These customer results show the ability of ClearStake’s Open Banking technology to expedite the financial risk check process, save money and improve confidence in decisions around affordability,” the founder of ClearStake, Martin Burt, said. “We look forward to seeing a further boost in these statistics as our customers deepen integration and widen use cases.”
Latest News
Niko Partners ‘India Games Market’ Report – India retains title as Asia’s fastest-growing video games market in 2023
- Meteoric rise in revenue: Niko Partners projects India video games revenue across all platforms to reach $868 million in 2023, up 21.2% YoY. India’s video game market is the fastest growing by gamers and revenue, which is forecast to reach $1.6 billion by 2027, growing at a 5-year CAGR of 17.2%. The report excludes revenue generated from Real Money Games.
- Player base keeps on expanding: The number of gamers in India across all platforms is forecast to reach 444 million in 2023, up 12.1% YoY, and reach 641.2 million in 2027, growing at a 5-year CAGR of 10.1%.
- Dominance of mobile gaming: India is a mobile-first market with 96.8% of total gamers playing on a smartphone or tablet.
- Game-spending is on an upward trajectory: 31% of the 444.4 million gamers will spend on video games in 2023, with annual ARPPU reaching $6.38.
- Esports continues to gain momentum: 71.8% of the total gamers have engaged with Esports by either playing an Esports game, watching or participating in an Esports tournament.
- Encouraging factors in terms of revenue growth and brand investment: The return of BGMI and Free Fire are positive signs for the industry and foreign game companies looking to enter the market.
Mo Mo Moolah, the latest ‘Powered by OneTouch’ release, serves up a classic casino experience with innovative modern features and huge win potential.
A one line game set across three reels, Mo Mo Moolah evokes a sense of nostalgia where simplicity reigns supreme, combining traditional elements with features such as rewarding respins and multipliers.
Players choose to play with one, two or three reels with all columns activated offering bigger prizes of up to 10,500x the bet.
A Respin feature can be triggered when two or more reels are active if either a 0 or 00 land, regardless of a winning or non-winning spin.
When all reels are in play, landing the Cash Stack symbol on the third column triggers a special Moolah Respin feature. This sees it lock in place while the first two reels will respin. If a Cash Stacks tile appear on both reels, the It’s Raining Moolah round will be triggered.
One of seven different valued coins are available on reel one whilst the subsequent two contain multipliers of up to 10x. The second reel will multiply the coin win on the first reel, whilst the third reel will multiply the new value for potentially massive 2,000x wins.
Madis Raus, Head of OneTouch, said: “The latest ‘Powered by OneTouch’ release, Mo Mo Moolah, embodies the perfect blend of classic charm with some added modern twists to keep things fresh.
“We invite players to enjoy the nostalgia of a traditional stepper game while spinning for thrilling wins in this captivating slot experience.”
Gaming Corps is bringing back the beloved classic fruit theme with the launch of new slot game Super Hot Stacks.
Super Hot Stacks is a five-reel video slot with three symbols per reel and 15 paylines. The game gives players the chance to watch their wins multiply as the reels stack up with juicy fruits and exciting multiplier values.
The Super Hot Stacks feature can be triggered on any spin. When a symbol lands in every symbol position on a single reel, the multiplier increases by +1. This multiplier then applies to any winning combinations on that spin. The maximum multiplier in the main game is six, but can go up to 25 in the Free Spins feature where the multiplier is sticky!
The action-packed Free Spins feature will be awarded when players land three Scatter symbols; players will receive seven Free Spins and this can be re-triggered up to fifty Free Spins. If the player obtains less than 10x their total bet in the Free Spins feature, the Bonus Guarantee will be triggered, awarding additional Free Spins to continue the action.
Gaming Corps continues to cement its position as an up-and-coming games developer with this latest slot release, following a plethora of game launches this year, with successful titles such as Raging Zeus Mines, Wild Woof, Prospector’s Plinko and Luke E. Chance and the Book of Luck.
Connor Blinman, Head of Games at Gaming Corps said: “The Gaming Corps development team have been hard at work of late focusing on several game releases, and we are delighted Super Hot Stacks is now ready for players to enjoy. It is a pleasure for us to take a classic theme that players love and put our own spin on it.
“This has been a momentous year for Gaming Corps already as we continue to grow as a developer, creating diverse content remains at the forefront of our strategy, and there are more releases in the pipeline which will give players even more memorable experiences.”
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