ClearStake partners with Paul Myatt to boost iGaming verification

ClearStake has announced a new strategic collaboration with investor and advisor Paul Myatt, a figure known within the iGaming sector for his commercial expertise and long standing involvement in the growth of several technology driven gaming companies. This development marks a significant moment for ClearStake during a period in which player verification, onboarding efficiency and regulatory compliance continue to shape competitive outcomes for operators across the United Kingdom. The company’s decision to engage Myatt reflects ClearStake’s ambition to strengthen its commercial strategy while expanding the reach of its verification solutions.

The appointment follows a period of notable momentum for ClearStake, including the completion of a funding round that attracted substantial interest from established investors across the iGaming industry. The company is now preparing for an accelerated expansion of its identity verification technologies, particularly its flagship product known as ID by Bank, which integrates directly with banking applications to streamline identity checks.

ClearStake’s focus on transforming player verification

ClearStake operates within a specialised area of the iGaming market that addresses one of the most sensitive and closely scrutinised components of the industry. Player verification has become a critical requirement for all licensed operators in the UK, especially with the Gambling Commission’s strict expectations for accurate identity checks, anti fraud protection and responsible onboarding processes. The company positions itself as a solution provider that prioritises efficiency, regulatory compliance and a friction free user experience.

ID by Bank is one of ClearStake’s most prominent offerings. The solution enables operators to verify player identity through secure interactions with a user’s banking app. This approach is positioned to reduce the need for manual document submissions, accelerate account creation and limit the number of failed or incomplete registrations. According to ClearStake, the product is intended to improve first time depositor conversion, reduce exposure to fraudulent activity and lessen the administrative burden on compliance teams responsible for reviewing identity documents.

The commercial significance of Paul Myatt’s involvement

Paul Myatt’s arrival as both investor and commercial advisor is viewed by ClearStake as a strategic enhancement of its long term growth plan. Myatt brings more than fifteen years of sector experience with a particular emphasis on commercial development, partnership-building and expansion strategies for iGaming suppliers and operators. His previous roles with NetEnt, QuickSpin and Aspire Global provide him with a knowledge base spanning both operational and supplier driven perspectives.

ClearStake CEO Martin Burt expressed confidence in Myatt’s ability to contribute meaningfully to the company’s next phase of growth. Burt stated: “Paul has a proven track record of helping major iGaming businesses commercially scale. His experience across both supplier and operator landscapes makes him the ideal partner to support sales and help us drive further revenue. This engagement strengthens our ability to scale ClearStake and support more operators with innovative verification solutions.”

This comment reflects ClearStake’s intent to expand its footprint in the UK market at a time when demand for efficient, legally compliant verification processes is rising. The company plans to position ID by Bank and additional verification tools as standard components of onboarding infrastructure for operators seeking to remain competitive without assuming undue regulatory risk.

Paul Myatt’s perspective on ClearStake’s growth potential

Myatt has been following ClearStake’s progress prior to taking on his advisory role. His endorsement of the company focuses on its capacity to address specific operational challenges for gaming businesses. As he noted: “I have followed ClearStake’s progress closely and it is clear the company is solving a real problem for operators. ID by Bank is a product with huge potential to improve onboarding and reduce cost, and I am excited to support the team as ClearStake moves into its next phase of growth.”

His assessment underscores the link between improved verification technology and operational efficiency. iGaming operators face significant cost pressures associated with compliance, including manual document checking, data review and fraud prevention. Products capable of automating or streamlining these tasks are increasingly recognised as essential to maintaining competitive margins.

The role of funding in accelerating deployment

Shortly before the announcement of Myatt’s advisory position, ClearStake completed a funding round valued at GBP 1.5 million. The investment attracted support from several established names within the iGaming sector and was presented by ClearStake as an indication of the market’s confidence in its technology. The company intends to direct the new capital toward accelerating the rollout of ID by Bank while enhancing internal resources that support development, compliance and customer service.

ClearStake has indicated that the product is already in use by a number of prominent UK operators, including MrQ. This early adoption suggests that the technology has reached a level of maturity appropriate for large scale deployment across regulated markets. With new investment secured and expanded advisory support, ClearStake is positioned to pursue additional partnerships.

Strengthening compliance and reducing regulatory exposure

One of the primary concerns for licensed iGaming operators in the United Kingdom is the management of regulatory risk. Identity verification failures can lead to significant financial penalties, increased scrutiny from regulators and reputational harm. ClearStake aims to address these issues by offering verification tools that are designed to meet regulatory expectations while reducing the likelihood of oversight or manual error.

ID by Bank operates through the established security protocols of users’ banking applications, which positions the solution as a secure alternative to the traditional methods of identity verification. For operators, this means fewer opportunities for fraudulent submissions and fewer instances of player abandonment caused by lengthy verification procedures.

By incorporating Myatt’s experience in commercial strategy, ClearStake intends to align its verification products more closely with the core operational priorities of its partners. These priorities include improved user onboarding, enhanced fraud prevention and efficient compliance processes.

Encouraging innovation through strategic partnerships

The partnership between ClearStake and Myatt reflects a broader trend within the iGaming sector that prioritises innovation through collaboration. As operators navigate regulatory complexity and heightened competition, technology providers like ClearStake are playing a more integral role in shaping operational frameworks. Myatt’s involvement is expected to contribute to the refinement of ClearStake’s commercial strategy, which may include expanded partnerships, enhanced product features and greater integration with operators seeking long term verification solutions.

ClearStake’s recent funding success also demonstrates the growing interest from investors in companies that support compliance related technology. This signifies that the industry recognises the value of solutions focused on reducing friction in onboarding while maintaining regulatory integrity.

Market implications of advanced identity verification

Advanced verification tools are increasingly regarded as critical components of operational infrastructure in regulated gaming markets. As regulatory expectations evolve, operators must adopt systems capable of delivering consistent accuracy. Failure to meet these standards can result in financial consequences as well as stricter oversight from regulators.

ClearStake’s position within this landscape offers potential advantages for operators seeking a balance between user experience and compliance obligations. Faster verification processes can encourage higher conversion rates, and reliable identity checks can reduce exposure to fraudulent activity. These benefits have become essential for operators working in competitive environments where user trust and operational efficiency influence long term success.

Future outlook for ClearStake and its partners

With new advisory support and recent capital injection, ClearStake is preparing for further expansion of its identity verification solutions. The company is expected to continue refining ID by Bank, invest in product development and explore opportunities to integrate its technology with a wider network of operators across the UK market. Myatt’s commercial experience may also contribute to the development of new partnership strategies that align with evolving industry needs.

As regulatory frameworks continue to develop and consumer expectations shift toward seamless digital experiences, ClearStake’s focus on secure, efficient and user friendly verification positions the company to remain relevant in the rapidly changing iGaming environment.

Conclusion

The appointment of Paul Myatt as investor and commercial advisor represents a substantial step for ClearStake during a period of industry wide emphasis on compliance, efficiency and reliable identity management. With Myatt’s commercial background, ClearStake aims to support more operators with solutions that reduce verification burdens, enhance onboarding processes and meet regulatory obligations with a high degree of accuracy. Combined with its recent funding round, this collaboration places ClearStake in a strong position to pursue growth while contributing to the ongoing evolution of identity verification within the UK iGaming sector.

FAQs

What is the primary focus of ClearStake?
ClearStake focuses on providing identity verification solutions that support regulated iGaming operators with secure onboarding and compliance processes.

What role will Paul Myatt play at ClearStake?
Paul Myatt will serve as an investor and commercial advisor with a focus on expanding the company’s sales and market strategy.

What is ID by Bank?
ID by Bank is a verification tool that allows operators to confirm user identity through secure interactions with the user’s banking app.

Why is ID by Bank significant for operators?
It aims to reduce fraud, increase onboarding conversion and lessen the administrative workload associated with manual document reviews.

How does ClearStake support compliance?
ClearStake provides tools designed to align with regulatory requirements for identity checks in the UK, reducing the risk of compliance errors.

What benefits did the funding round bring to ClearStake?
The GBP 1.5 million funding round provides capital for expansion, product development and the broader rollout of ID by Bank.

Why did Paul Myatt choose to work with ClearStake?
He identified ClearStake as a company solving meaningful operational challenges for iGaming operators, particularly around identity verification.

Which operators already use ID by Bank?
ClearStake has indicated that several UK operators use ID by Bank, including MrQ.

How does ClearStake help reduce onboarding friction?
By replacing manual document uploads with bank verified identity checks, the onboarding process becomes faster and more user friendly.

What is the long term goal of ClearStake?
The company aims to expand its verification solutions, strengthen industry partnerships and support operators with efficient, reliable compliance tools.