Open Banking

Open banking has had substantial commercial impact on iGaming payments and compliance. The technology enables instant authenticated deposits without card payment friction (Trustly being the dominant vendor in iGaming), instant withdrawals through similar rails, and access to verified bank data supporting affordability checks and KYC verification. The combined effect on conversion, customer experience, and compliance has been one of the more impactful changes in iGaming infrastructure over recent years. The regulatory framework varies. The EU PSD2 directive established open banking as a regulatory requirement across the EU; the UK introduced its own framework around the same period. The US has moved more slowly toward formal open banking but bank-data services through Plaid and similar providers serve similar functions. The trajectory across major markets is toward expanded open banking capability, with iGaming as one of the most adopting sectors. APP fraud risk is a known concern with open banking deposit flows, requiring specific operator controls.