I noticed that in my banking app, there a betting feature where the user can place a bet on any match directly from the app.
Is that not Opay? You can not use that feature to bet directly, but you can use it to easily fund your local betting site account through either your phone number that you registered on the betting site or by using your UID of your account on the gambling site. 
Topic: Betting Features on any Banking or Financial apps should be Removed - page 7. (Read 645 times)
September 07, 2023, 11:49:40 AM
September 07, 2023, 11:47:46 AM
Putting betting features into banking apps is not only wrong, it's also very careless. Can banks not tell the difference between their main jobs and helping people gamble? It is not normal.
Imagine the risk. If the betting interface has vulnerabilities, it can potentially compromise the entire banking application. Now think about the societal implications - feeding the addiction of vulnerable individuals.
However, you say this "promotes irresponsible gambling." Isn't it a user's responsibility to control their actions? Removing a feature doesn't eradicate the inherent problem. It's a drop in the ocean. We should focus on responsible use rather than blaming features. Though I firmly believe in your core idea, the solution isn't as black and white as you portray.
Imagine the risk. If the betting interface has vulnerabilities, it can potentially compromise the entire banking application. Now think about the societal implications - feeding the addiction of vulnerable individuals.
However, you say this "promotes irresponsible gambling." Isn't it a user's responsibility to control their actions? Removing a feature doesn't eradicate the inherent problem. It's a drop in the ocean. We should focus on responsible use rather than blaming features. Though I firmly believe in your core idea, the solution isn't as black and white as you portray.
September 07, 2023, 11:44:03 AM
I noticed something lately. Although it has been there for a long while but the time I have spent on this board is making me see things. I do not know if this is how it is in other parts of the world but I noticed that in my banking app, there a betting feature where the user can place a bet on any match directly from the app.
It all depends on the kind of app being used in making the features, you will agree with me that not all the banking apps allow any kind of adverts on the use of their apps, especially those of a reputable standard, the one i know that is very common is the use of banking apps in paying bills, but I don't think this is also possible in countries where there's ban on the use of cryptocurrency by their banks, i want to believe that a well reputable bank app cannot redirect you to the official gambling site right from the use of their app.
September 07, 2023, 11:36:08 AM
I never saw such features on the official bank apps I am using but I guess it varies depending on the regulations of your country. So if the country allows banking institutions to partner with sportsbooks then I don't see what is the problem here.
If someone is not interested in using the feature then they won't but we can't do anything to stop them which is allowed in the name of law.
But what is the point of this proposal, are you against the idea of betting via banking apps? or betting at all?
If someone is not interested in using the feature then they won't but we can't do anything to stop them which is allowed in the name of law.
But what is the point of this proposal, are you against the idea of betting via banking apps? or betting at all?
September 07, 2023, 11:30:59 AM
Well the banks are out for business so what do you expect in that situations, and from what you displayed that bank app should be opay and that feature doesn't give you the chance to place a bet directly as you said, but the feature is to fund your betting account.
That been said, there is high security threat going around for a while now, and some customers of those banks that allow for direct bet, which means banks directly involved in the gambling where the customer can place bets, buy lottery tickets and make every other gambling activities have recorded cases of customer security exposure that have led to customers find being transferred to an unknown gambling account, this in most cases are untraceable.
@Davidvictorson it is paramount that, at this point, you need to take every responsibility for the security of your money.
That been said, there is high security threat going around for a while now, and some customers of those banks that allow for direct bet, which means banks directly involved in the gambling where the customer can place bets, buy lottery tickets and make every other gambling activities have recorded cases of customer security exposure that have led to customers find being transferred to an unknown gambling account, this in most cases are untraceable.
@Davidvictorson it is paramount that, at this point, you need to take every responsibility for the security of your money.
September 07, 2023, 11:27:24 AM
I noticed something lately. Although it has been there for a long while but the time I have spent on this board is making me see things. I do not know if this is how it is in other parts of the world but I noticed that in my banking app, there a betting feature where the user can place a bet on any match directly from the app.
Honestly, I hate it and I think that this feature should be removed so as to protect consumers from potential harm promote responsible financial practices and maintain the integrity of financial institutions. Bodies in charge of betting regulations should start here by establishing guidelines or restrictions prohibiting betting features within banking and financial apps. My submission is that betting features on any banking or financial apps should be removed to discourage compulsive gambling and irresponsible gambling. Do you agree with this perspective?
The above image is the UX for a mobile baking app in my country.
Honestly, I hate it and I think that this feature should be removed so as to protect consumers from potential harm promote responsible financial practices and maintain the integrity of financial institutions. Bodies in charge of betting regulations should start here by establishing guidelines or restrictions prohibiting betting features within banking and financial apps. My submission is that betting features on any banking or financial apps should be removed to discourage compulsive gambling and irresponsible gambling. Do you agree with this perspective?
The above image is the UX for a mobile baking app in my country.
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