Insights Archive

January 25, 2022

Australia Eyes Up Open Finance Possibilities

Following the success of the Consumer Data Right in the banking sector, Australia’s government has confirmed that it is now aiming to take on open finance.

January 25, 2022

Brazilian PIX Keys Exposed For Second Time In Six Months

Brazilians have experienced yet another security incident that has exposed personal data linked to the popular instant payment service PIX, the second time in six months.

January 25, 2022

Open Banking To Fix U.S. Credit Card Market

The Consumer Financial Protection Bureau is turning its eye to the credit card market to uncover anti-competitive practices and is planning to rely on its open banking regulatory power to address this.

January 25, 2022

Ohio Regulators Prepared For Heavy Workload On Sports-Betting Rules

Ohio’s top gaming regulator has said that although the state’s newly passed sports-betting legislation may be unique, the law provides a clear roadmap for operators to understand how to access the new market.

January 25, 2022

UK Parliamentary Investigation Attacks 'Activist' Gambling Commission

The All-Party Parliamentary Group on Betting and Gaming has said the Gambling Commission is in “urgent need of change” and if left unchallenged will allow an “explosion” of black market activity.

January 24, 2022

Be Very Afraid? Data Protection Regulators Turn Their Attention To Payments

The interplay between the General Data Protection Regulation and the revised Payment Services Directive (PSD2) has been an issue for some time, but is increased enforcement action and the rise of data protection activists something that payments institutions should be alarmed about?

January 24, 2022

Singapore Takes Aim At APP Fraud

The Monetary Authority of Singapore and the Association of Banks in Singapore have introduced new measures to bolster the security of digital banking, in view of the recent spate of SMS-phishing scams targeting bank customers.

January 24, 2022

UK Proposes To Extend Cybersecurity Rules To Managed Services

As part of the UK government’s efforts to update the country’s cybersecurity laws, a new proposal would bring managed service providers under the existing cybersecurity regime.

January 24, 2022

U.S. Opens Discussion On CBDC

The U.S. Federal Reserve has published a long-awaited discussion paper on the policy questions related to the issuance of a digital dollar.

January 24, 2022

Armenia Hurtling Towards Online Ad Ban

The Armenian parliament has approved a first reading of amendments that would ban online gambling ads.

January 24, 2022

Seminoles Lose Again In Court – This Time To Las Vegas Sands

It was another rough day in court for the Seminole Tribe on Friday as a Florida judge denied a hearing on the tribe’s claim that Las Vegas Sands is fraudulently collecting signatures in a campaign to legalize commercial casinos in the Sunshine State.

January 24, 2022

German 2022 Unlikely To Be As Horrible As 2021, Analysts Say

A Morgan Stanley report is mildly optimistic about the German gambling scene in 2022, at least compared with a disastrous 2021, but it concludes that much is unclear about the future.

January 24, 2022

New York Online Betting Draws $600m In Wagers In First Nine Days

The first nine days of mobile sports betting in New York proved to be a windfall for operators and for state coffers, according to the first figures released on Friday by the New York State Gaming Commission.

January 21, 2022

No, EU Isn’t Banning Crypto-Mining, But Russia Is

The European Securities and Markets Authority has told VIXIO that comments from one of its vice-chairs in a recent interview about banning the mining of Bitcoin are not the position of the watchdog. However, further afield, Russia’s central bank has said it will introduce such a ban.

January 21, 2022

Fintechs ARE Challenging Big Banks’ Grip, FCA Says

Despite the financial impact of the pandemic, greater competition in retail banking has been able to spearhead choice while lowering prices for consumers and small businesses, the UK’s banking watchdog says.

January 21, 2022

Week In Brief - January 21, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at a U.S. lawsuit relating to fintech charters, a U.S. inquiry to update merger review rules, the National Bank of Greece's efforts to migrate to ISO 20022, Aldi's new till-free store and the most recent crypto hack at Crypto.com.

January 21, 2022

Leave The Soul Of Money To Central Banks

Central banks are best positioned to protect trust, the soul of money, be it fiat or virtual, says Agustín Carstens, general manager of the Bank for International Settlements. Private companies should, therefore, build their products based on a central bank-issued digital currency (CBDC) rather than investing in bigtech stablecoins or decentralised finance (DeFi) platforms.

January 21, 2022

Taiwan Criminalises Online Gamblers, Increases Cash Penalty

Taiwan has closed a legal loophole and made gambling online and via other electronic means a criminal offence, increasing the maximum fine for gamblers to NT$50,000 ($1,800).

January 21, 2022

Ex-Minister Backs Industry Black-Market Warnings

A Conservative former gambling minister and ex-secretary of state has defended the UK industry’s view that too-stringent affordability checks would drive players to offshore websites.

January 21, 2022

How Big A Bite Will New York Take From New Jersey's Sports-Betting Pie?

This month’s blockbuster debut of online sports betting in New York is raising questions about whether neighboring New Jersey is going to lose market share comparable to 2006 when Pennsylvania casinos ravaged brick-and-mortar properties on Atlantic City’s Boardwalk.

January 21, 2022

News In Brief: January 17-January 21, 2022

JKO decides against making bid for Playtech, the Nevada Gaming Commission votes in favour of remote player registration and Pennsylvania's online gambling revenue soars to new heights.