£175,000 grant to further research on the use of OneID®’s bank-validated consumer identities to address the financial and health impact of gambling misuse.
LONDON – 10 November 2020 – Digital Identity Net
(digiidnet.co.uk), the innovative digital identity platform connecting consumers, banks and businesses, has been awarded a development grant from the UK Government’s innovation agency to further develop its OneID® digital identity solution to tackle under-age and excessive gambling.
By enabling the gaming sector to validate the true identity of an individual with OneID®, the Innovate UK grant directs further research on how the use of bank-validated identities reduces the financial and societal impact of gambling addiction. The research will look at a broad range of use-cases for OneID® to confirm its effectiveness in tackling social harms from gambling misuse, such as addiction and mental health problems.
In addition, the research will investigate the application of OneID® in helping identify problem gamblers and directing them to relevant support services. The Government grant will also enable wider research by Digital Identity Net into enabling social and economic inclusion for the poorest members of society by creating an assured and trusted Digital Identity.
Martin Wilson, CEO of Digital Identity Net, said: “We are delighted to receive this grant from Innovate UK and the recognition of the importance of tackling under-age access to online gambling platforms. We know that gambling disproportionately affects the financial and health well-being of the poorest members of society. Digital Identity Net was founded with a clear social purpose to benefit the wider society, and this financial support from Government will enable us to advance our work in providing a secure and trusted source of identity information for UK citizens.”
Dr Ian Campbell, Innovate UK Executive Chair, added: “In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emergency but one that impacts society and the economy. The Digital Identity Net project to improve financial wellbeing from gambling addiction,
along with every initiative Innovate UK has supported through this fund, is an important step forward in driving sustainable economic development. Each one is also helping to realise the ambitions of hard-working people.”
OneID® is a unique bank-supported digital identity solution currently in pilot prior to a planned public launch later in 2021.
About Digital Identity Net
Digital Identity Net is an innovative digital identity platform connecting consumers, banks and businesses. The OneID® solution provides a simple and frictionless online onboarding process for businesses, dramatically simplifying the customer sign-up journey and combating fraud. OneID® enables everyone to manage their online identities, simplifying and securing their digital lives. Find out more at digiidnet.co.uk.
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