Betting Features on any Banking or Financial apps should be Removed

[Yogee]

[....]
Now talking about this case that the op posted, there is nothing wrong with gambling, in the same way that cars that can kill people when they drive badly, there is nothing wrong with it, the problem lies with people who have no sense, if The country's laws allow casinos to pay for advertising anywhere, including in banks, so there is nothing wrong with the bank's app having options to finance a gambling account, it is up to each person to have judgment, to know how to manage their own money, be aware that gambling is not something to make a profit, but rather is a form of fun.

I agree with this.

It doesn't really make much of a difference in a person's gambling activity if he could access betting directly from a banking app. A gambling app is most likely downloaded separately on his phone anyway. My only concern here is the security involved in connecting your funds to third party apps like e-gaming. Their security guys are probably top tier but still.

[ethereumhunter]

If I see that there is such a betting system in the bank application, I will cut off my relationship with my bank and start working with another bank. I think that this is actually an innovation made to put it in my eyes and attract my mind, and I think that they have tried every way to make money and that they have brought such an innovation for this. If I can't have myself, that is, if I succumb to my emotions, I easily have the chance to bet here and this would be an event that would make me bet continuously. The purpose of this is not to deal with loading money to sites and giving commissions, they must have done it to get that money and commission directly themselves.

But this innovation can have a bad impact on customers, especially those who gamble frequently or have never gambled at all. This will arouse curiosity for those who have never gambled, especially if the customer already has money in their bank account. Yes, I will also immediately look for another bank that doesn't have a betting feature like that so I won't be tempted to try it. Those who see the betting feature on their banking app should visit the bank and ask them to delete the app as it could disturb them when they want to make transactions. We are just being on guard against all the possibilities that could happen because we are human beings who are easily tempted.

[Fiatless]

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.

I have never seen any gambling promotion in my banking application maybe this is because it is not an online or digital bank. I have observed that this ads are popular with these new generation digital platforms that want to also raise revenues from these advertisement. Digital bank users can easily become gamblers that is why these casinos pay heavily to advertise on these bank platforms..

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?

In my country, you will have to be an adult to own and run a bank account. So most of these bank users have reached the age of gambling,  hence I don't think they are exposing these adverts to underaged citizens. But I also agree that showcasing these adverts on a bank platform can lead to gambling addiction or unplanned gaming. Nonetheless you don't have to rely on the government or regulatory agencies to help you control your gambling activity. If what triggers your urge to gamble is advert you might become a gambling addict because these adverts are almost everywhere. Just in my street of 20 houses, you can find close to 10 bold banners advertising a casino.

[Hypnosis00]

If I see that there is such a betting system in the bank application, I will cut off my relationship with my bank and start working with another bank. I think that this is actually an innovation made to put it in my eyes and attract my mind, and I think that they have tried every way to make money and that they have brought such an innovation for this. If I can't have myself, that is, if I succumb to my emotions, I easily have the chance to bet here and this would be an event that would make me bet continuously. The purpose of this is not to deal with loading money to sites and giving commissions, they must have done it to get that money and commission directly themselves.

But this innovation can have a bad impact on customers, especially those who gamble frequently or have never gambled at all. This will arouse curiosity for those who have never gambled, especially if the customer already has money in their bank account. Yes, I will also immediately look for another bank that doesn't have a betting feature like that so I won't be tempted to try it. Those who see the betting feature on their banking app should visit the bank and ask them to delete the app as it could disturb them when they want to make transactions. We are just being on guard against all the possibilities that could happen because we are human beings who are easily tempted.

Anything in excess is not good. Not only is gambling bad, but even those who love to shop online can be negatively affected if a banking application includes shopping features. They might lose control of managing their funds.

The problem is that some people immediately view gambling as a bad or illegal thing when, in fact, its purpose is only to entertain people, similar to the concept of shopping online where you spend and enjoy.

[Gozie51]

The problem is that some people immediately view gambling as a bad or illegal thing when, in fact, its purpose is only to entertain people, similar to the concept of shopping online where you spend and enjoy.

That is actually the challenge because many see gambling as something that reasonable people are not suppose to indulge in since they are seeing those gambling not being successful in it and wasting their money. If gambling were an aspect of life where those who are in it are doing well, of course people will want to go further in it by searching for ads themselves. In the past, you are regarded as in responsible if you are a gambler, you are not regarded in the community just like those who are drunk. However things have changed and so long you are able to make profit from whatever endeavor you are now regarded. Gambling ads will keep flashing in our faces since job opportunities have reduced and people have gone towards trying their luck in other endeavors.

[YOSHIE]

The above image is the UX for a mobile baking app in my country.

I tried to check several of my banking applications or money transfer applications that are legally valid, it seems I didn't find a feature like "Betting" It seems like it is only displayed and made in certain countries such as Nigeria or other neighboring countries.

Maybe for illegal gambling countries, I think the betting feature is not allowed or prohibited by banking authorities, I think the authorities in Nigeria are collaborating with gambling, The proof is that they put a gambling betting feature in the banking application. Of course, if you don't want that feature to appear in the banking application, You and the people there must make a proposal to the relevant parties regarding this issue so that it can be removed from the application, even though it is difficult to do, Maybe you should try first, to complain to the banking authority responsible in your area, if it bothers you.

[tusandii]

If I see that there is such a betting system in the bank application, I will cut off my relationship with my bank and start working with another bank. I think that this is actually an innovation made to put it in my eyes and attract my mind, and I think that they have tried every way to make money and that they have brought such an innovation for this. If I can't have myself, that is, if I succumb to my emotions, I easily have the chance to bet here and this would be an event that would make me bet continuously. The purpose of this is not to deal with loading money to sites and giving commissions, they must have done it to get that money and commission directly themselves.

But this innovation can have a bad impact on customers, especially those who gamble frequently or have never gambled at all. This will arouse curiosity for those who have never gambled, especially if the customer already has money in their bank account. Yes, I will also immediately look for another bank that doesn't have a betting feature like that so I won't be tempted to try it. Those who see the betting feature on their banking app should visit the bank and ask them to delete the app as it could disturb them when they want to make transactions. We are just being on guard against all the possibilities that could happen because we are human beings who are easily tempted.

The main impact of this problem is that someone who has an account on the banking application will never be able to save and that is certain, even if he is a beginner who is not yet familiar with gambling, in the end he will also be tempted to try even though novice gamblers are more susceptible to addiction because they are more curious. to keep trying to want big wins from gambling.
Furthermore, the impact of the gambling feature in the banking application will certainly mislead someone into continuing to gamble even though everyone must have self-control and responsibility, but out of 1000 people, only 1 person has very strong self-control and that is a fact.
It won't be that easy for us to go to the bank to ask to remove this feature because banks usually add this feature with approval from the state so if they have to remove this feature the bank cannot do so unless it has approval from the state.

[Nwada001]

I have not seen this kind of direct betting option on my mobile app before. What I have seen is the option of using your mobile app to fund your betting account directly, which I see as a good option considering the fact that they will save you the fee of other third-party charges for that payment. 

I also don't see anything wrong with them integrating such an option on their banking mobile app, although this kind of option can only be seen on this new online banking system, which is not like the regular bank of a country, as most of these new banks are looking for means to meet up with their competitors, and as such, looking at the rate at which members are gambling these days, they really need to look for a medium to attract them to their app. Maybe they could apply some sort of promo code for anyone who is going to use their app to play directly.
 
I don't see any problem with what the bank is doing because I believe it must undergo some kind of licencing and legal proceeding before it can implement it. If the financial body of that country doesn't see anything wrong with it, then everything should be in the customers hands; they should be the ones to decide if they are to play with their money on their account or if they should respect themselves and know their gambling limits. With or without that option, those who know their limit will have to respect it; if not, when they want to gamble, they will still fund their account using whatever means they choose.

[BITCOIN4X]

The above image is the UX for a mobile baking app in my country.

I tried to check several of my banking applications or money transfer applications that are legally valid, it seems I didn't find a feature like "Betting" It seems like it is only displayed and made in certain countries such as Nigeria or other neighboring countries.

Obviously this is not possible in countries where gambling is not legal, so I confirm the accuracy of your information.
So far, Indonesia is not a country that legalizes gambling of any kind, although several big bookies have succeeded in building covert businesses. Bank Indonesia, whether government owned or private, will not support gambling due to regulations, but banks still have a role in processing the proceeds from gambling winnings.

In countries where gambling is legal, perhaps banks can develop their business products by supporting gambling. But I don't think gamblers need to gamble openly like that because so far crypto gambling should allow them to gamble anonymously. KYC is a different story, but crypto gambling is much better than fiat-based gambling, especially if it is controlled by the government.

[rhomelmabini]

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?

They'll just say they are not responsible in it if the person would get addicted to it. Well, partly they are responsible in it as they likely urge the person see it and it will really sparks curiosity in the first place if it will be seen like that. I really agree on your perspective, even in my country they don't reveal such thing but it's there, maybe just hide it in plain view.

[Sandra_hakeem]

 Apparently, it's an ad and any platform behind the links are paying heavily for that... they'll always do anything to keep the maintenance and secure additional funds to themselves... It's not proper as other international banks don't operate like that but what have you to say to them to change their mode of function?? Nix!
It's just safe for everyone out there to avoid such options... I notice them too, buh I don't even dare click on them - if it happens, then that's inadvertent.

Sandra 🧑‍🦰

[passwordnow]

It is for sure that there will be customers of theirs that will be curious what that feature is all about. Despite of able to read the actuality of that feature, the curiosity of many will still be clicked. Since there is a customer support section for all of the banks, yes, a demand to remove that feature can be done.

His curiosity will grow even bigger when he hears that someone has succeeded in winning a bet through his banking application, and he will try to prove it. But if he loses the bet, he will still try because he will become more curious. This can make someone who has never gambled start gambling using the betting features in their banking application.

IMO, that curiosity after ticking in and being filled and the result is losing is that's going to make that person stop for a while.

Well, they know what they're doing and they can blame the bank itself but this is just on their mind that's trying to find a fault in their banks. Because that will become a reason for them to continue to gamble since the app has got that feature whether it redirects them or allows to bet directly.

Of course, the bank will avoid this mistake on the pretext that they don't know anything because a third party made the application. That is the easiest answer from the banking sector because they don't want to be blamed for making people gamble through the betting feature in the banking application.

If it's added, there has to be some meeting before putting features into their app since they're a customer-facing business and an app like that should be approved by the boards first or whoever are the people that are tasked to design it.

This needs to be conveyed to the banking sector so they can remove the betting feature and avoid any victims.

Have to realize that if the government allows that, whether people like it or not, they have the control to their own app if that doesn't violate any law.

[ethereumhunter]

Anything in excess is not good. Not only is gambling bad, but even those who love to shop online can be negatively affected if a banking application includes shopping features. They might lose control of managing their funds.

The problem is that some people immediately view gambling as a bad or illegal thing when, in fact, its purpose is only to entertain people, similar to the concept of shopping online where you spend and enjoy.

We must always remember this so we don't get too good at anything because it's not good for us. And if it is gambling, we must always be able to manage funds for gambling so that we don't experience bad losses. And if a betting feature exists in his banking application, he can be even more wasteful in using his money. He couldn't save like before because he now had other places to use his money through betting.

It's normal for people to think that gambling is bad or illegal because they have seen what happens to people who gamble. Brands see the bad impacts experienced by these people, so they think gambling can have bad consequences for their lives. And that's true if people don't have good self-control when gambling. But especially for people who can control themselves, gambling is not bad but rather entertainment for them in their spare time.

The main impact of this problem is that someone who has an account on the banking application will never be able to save and that is certain, even if he is a beginner who is not yet familiar with gambling, in the end he will also be tempted to try even though novice gamblers are more susceptible to addiction because they are more curious. to keep trying to want big wins from gambling.
Furthermore, the impact of the gambling feature in the banking application will certainly mislead someone into continuing to gamble even though everyone must have self-control and responsibility, but out of 1000 people, only 1 person has very strong self-control and that is a fact.
It won't be that easy for us to go to the bank to ask to remove this feature because banks usually add this feature with approval from the state so if they have to remove this feature the bank cannot do so unless it has approval from the state.

So, it is clear that a banking application with a betting feature can have a bad impact on someone who, even if he doesn't know about gambling, can start gambling. He can directly deposit his money to a bookie or online site via his banking application without considering what will happen to him and his money. The impact of gambling will be even worse if he does not have good self-control because he can deposit his money again when he loses and do this immediately in just a short time.

It's not easy to go to the bank to ask to remove this feature, but at least we've tried it and we'll see how the bank responds. And if the bank has not removed this feature within a month or two, maybe we can look for another bank and start moving all the money from that bank to another bank. We don't want to experience bad events because of this betting feature; therefore, we must anticipate it. Many other banks still don't have such a feature unless we are too lazy to move to another bank.

[knowngunman]

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.

I can boldly say that the image on your post is a screenshot from Opay homepage. In as far as the image you posted is accurate and has the betting icon on it just like the rest of the banks, the content of your thread is very misleading. Opay as a fin tech institution is operating just like other established commercial banks in the country and it's among the best mobile banking app when we talk about fast transaction and less fee. It's important to note that the betting icon on the mobile app will never allow you to place bet directly on any match as you said in your post. It only allows you to fund your bet account and to make your wallet funding easier without card. There's also a limit as to which betting platforms you can be able to fund using the app.

Majority of bank apps have this feature so as to aid bet wallet funding as the number of gamblers keep increasing on a daily basis. Banks are out there for business and they can do whatever to keep the business running. You can ignore if you're not interested in using the feature to fund your wallet. Unless every features that allows us to pay online bills is removed, betting feature can not be removed. If everything is now removed, then we can use the app for just sending and receiving of money only.

[bittraffic]

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.

I can boldly say that the image on your post is a screenshot from Opay homepage. In as far as the image you posted is accurate and has the betting icon on it just like the rest of the banks, the content of your thread is very misleading. Opay as a fin tech institution is operating just like other established commercial banks in the country and it's among the best mobile banking app when we talk about fast transaction and less fee. It's important to note that the betting icon on the mobile app will never allow you to place bet directly on any match as you said in your post. It only allows you to fund your bet account and to make your wallet funding easier without card. There's also a limit as to which betting platforms you can be able to fund using the app.

Majority of bank apps have this feature so as to aid bet wallet funding as the number of gamblers keep increasing on a daily basis. Banks are out there for business and they can do whatever to keep the business running. You can ignore if you're not interested in using the feature to fund your wallet. Unless every features that allows us to pay online bills is removed, betting feature can not be removed. If everything is now removed, then we can use the app for just sending and receiving of money only.

Which it isn't actually making users to directly bet. But somehow they allow users to send funds for the betting account. Seem so different but still the same effect.

And like you said, anyone with that Opay app will eventually find out of that option when they navigate around the app. I think this is really part of the freedom we want which we wanted to do just about anything without funds including the betting platforms.

[Jossque]

If I see that there is such a betting system in the bank application, I will cut off my relationship with my bank and start working with another bank. I think that this is actually an innovation made to put it in my eyes and attract my mind, and I think that they have tried every way to make money and that they have brought such an innovation for this. If I can't have myself, that is, if I succumb to my emotions, I easily have the chance to bet here and this would be an event that would make me bet continuously. The purpose of this is not to deal with loading money to sites and giving commissions, they must have done it to get that money and commission directly themselves.

But this innovation can have a bad impact on customers, especially those who gamble frequently or have never gambled at all. This will arouse curiosity for those who have never gambled, especially if the customer already has money in their bank account. Yes, I will also immediately look for another bank that doesn't have a betting feature like that so I won't be tempted to try it. Those who see the betting feature on their banking app should visit the bank and ask them to delete the app as it could disturb them when they want to make transactions. We are just being on guard against all the possibilities that could happen because we are human beings who are easily tempted.

I think it should have a bad effect on everyone. I think it's ridiculous that banking and gambling betting are in the same application.
Yes, for people who are not involved in gambling, there is a chance that they can get involved in gambling in an easier and safer way and maybe become addicted to it.Either they will not use the app or they will not continue on the same path with the bank anymore.
I don't agree about being easily seduced, I'm confident and I can take care of myself, but if there is betting on a bank app, I find something strange about that.

[ethereumhunter]

I think it should have a bad effect on everyone. I think it's ridiculous that banking and gambling betting are in the same application.
Yes, for people who are not involved in gambling, there is a chance that they can get involved in gambling in an easier and safer way and maybe become addicted to it.Either they will not use the app or they will not continue on the same path with the bank anymore.
I don't agree about being easily seduced, I'm confident and I can take care of myself, but if there is betting on a bank app, I find something strange about that.

That's very true because people will see that the banking application already has a betting feature so that those who are used to gambling don't need to visit the casino but can use it immediately. But I'm curious what it looks like. Will the bets be directed to a particular site that collaborates with the bank or will the bank have bets on interesting things? Maybe @OP can explain what kind of betting feature a bet so we can know it more clearly. But if you look at the picture included by @OP, it looks like it's a bet using chips. Is it a card game? Hm, this makes me curious hahaha.

[wiss19]

I think it should have a bad effect on everyone. I think it's ridiculous that banking and gambling betting are in the same application.
Yes, for people who are not involved in gambling, there is a chance that they can get involved in gambling in an easier and safer way and maybe become addicted to it.Either they will not use the app or they will not continue on the same path with the bank anymore.
I don't agree about being easily seduced, I'm confident and I can take care of myself, but if there is betting on a bank app, I find something strange about that.

That's very true because people will see that the banking application already has a betting feature so that those who are used to gambling don't need to visit the casino but can use it immediately. But I'm curious what it looks like. Will the bets be directed to a particular site that collaborates with the bank or will the bank have bets on interesting things? Maybe @OP can explain what kind of betting feature a bet so we can know it more clearly. But if you look at the picture included by @OP, it looks like it's a bet using chips. Is it a card game? Hm, this makes me curious hahaha.

I believe the bank has partnered with a betting platform and the bets will be made on that platform and the bank will most probably redirect the users to that platform. Or, maybe users can use their bank accounts to top up their sports betting account on that particular platform. They probably get some commission from the total bets made by the users that the bank has redirected toward the platform because banks would probably not just do it for nothing.

I also keep wondering if the bank also charges the users some commission for using them for placing bets because if they do, why wouldn't users use the platform directly instead of using it through the banking app to avoid paying extra money? They would use it if they weren't charged anything extra, for sure.

[Huppercase]

[....]
Now talking about this case that the op posted, there is nothing wrong with gambling, in the same way that cars that can kill people when they drive badly, there is nothing wrong with it, the problem lies with people who have no sense, if The country's laws allow casinos to pay for advertising anywhere, including in banks, so there is nothing wrong with the bank's app having options to finance a gambling account, it is up to each person to have judgment, to know how to manage their own money, be aware that gambling is not something to make a profit, but rather is a form of fun.

I agree with this.

It doesn't really make much of a difference in a person's gambling activity if he could access betting directly from a banking app. A gambling app is most likely downloaded separately on his phone anyway. My only concern here is the security involved in connecting your funds to third party apps like e-gaming. Their security guys are probably top tier but still.

I don't understand why people see gambling so badly, I don't know for others though but I haven't seen a person in person that gambling has rubbish or destroyed life as they put. I have seen people take stupid risk though like using their school fees thinking they could double it and for that, I understood their frustration if been a student and looking for alternatives to make money for feeding or getting some swag up clothes but then, even if they lost their games, they do find a way to pay that money before they close the portal and after that, they are fine with their studies, gambling isn't really the way they hype the downside of it, it can be addicted but sometimes, we need to calm down with the addiction discussions.

Can we even deny that Bank Apps are not useful for making deposit for Casinos that accept fiat? It's a choice, if you like the feature use it and if u don't, terminate it and if you must quit the bank, register another bank that doesn't have such features, it's as simple as that. I love the Banks features because they don't support only betting, they also allow you pay TV cables like Netflix, electricity bill, water bills and others which is cool for me instead of doing it in the web with debit card.

[harizen]

I also keep wondering if the bank also charges the users some commission for using them for placing bets because if they do, why wouldn't users use the platform directly instead of using it through the banking app to avoid paying extra money? They would use it if they weren't charged anything extra, for sure.

Standard banks I believe are not those who are in the subject here.

E-mobile payment services are now acting as a bank and that's where the most feature like betting is present in most cases.

Regardless, if the betting feature is really present in the online application of a "standard bank", it's like a form of partnership as part of promoting the said bank to be used as a payment method and definitely, there should be no extra charge here as why the hell they will do that. Since digital banks and e-mobile payment services are rising, especially here in our country, one way to attract more users at them is to reach those users at the most crowded industry and that is online gambling.