Gamban and Lloyds Banking Group have partnered to work on reducing gambling harm.
The gambling self-exclusion software provider Gamban has announced a partnership with Lloyds Banking Group which will allow customers to access its site-blocking software.
This news comes after Lloyds Banking Group introduced a Gambling Transaction Freeze feature that allows customers to block all transactions that relate to gambling.
Lloyds Banking Group is one of the largest financial institutions in the UK and is the owner of the British high street banks Lloyds, Halifax and Bank of Scotland.
What’s covered in the deal?
Under the partnership, any customers that bank with one of Lloyds Banking Groups banks can use Gamban to exclude themselves from gambling sites free of charge.
Jack Symons, Founder, Gamban said: “It’s very positive to see forward-thinking banking institutions such as Lloyds Banking Group rise to the challenge of protecting vulnerable customers from gambling addiction through barriers such as spend control and collaboration with market-leading gambling-blocking technology, Gamban.”
Elyn Corfield, Managing Director, Consumer Finance, Lloyds Banking Group, said: “We know that gambling-related harm can have serious and long-term impacts on our customers and we are committed to making sure they can easily access a wide range of support.
“In addition to our card controls that allow the freezing of gambling transactions, we are delighted to have developed a pilot with Gamban offering our customers three months free access to their software, providing another level of protection.”
What other banks are doing to help reduce gambling harm
As part of a cross-sector approach to combating gambling harms, the gambling industry and financial sector are collaborating on several new initiatives. Lloyds Banking Group is one of several financial institutions that has introduced gambling controls in recent months.
In June 2018, Starling Bank introduced gambling blocks which was followed by the challenger bank Monzo in the same year. In December 2018, Barclays became the first high street bank to introduce gambling blocks.
At the CMS Gambling Conference 2020, industry experts called for further collaboration between the gambling industry and financial institutions to help combat gambling-related harms.
Each of the banks under Lloyds Banking Group offers comprehensive information and support for gambling-related issues.