Insights Archive

November 12, 2021

EBA Makes New SCA Clarifications

The EU’s banking watchdog has listed two new Q&As regarding strong customer authentication (SCA), focusing on the travel sector and knowledge possession.

November 12, 2021

EU Crowdfunding Regulation Brings New Opportunities For Eastern European Start-Ups

A new EU regulation that entered into force a few days ago is expected to boost cross-border crowdfunding services, removing obstacles that have held back start-ups, particularly in smaller Eastern European markets, from effectively raising funds from the public.

November 12, 2021

Casino Giants Putting For Sale Signs On Las Vegas Resorts

The Las Vegas casino market is set to enter 2022 looking very different to the start of the year as MGM Resorts and Caesars Entertainment prepare to offload properties and inexpensive capital, and the prominent role of real-estate investment trusts encourage merger and acquisition activity.

November 12, 2021

US, Brazil Or Bust For Affiliates

Instead of leaning on eye-catching revenue predictions, affiliates now need to be active in either the Latin American or US markets if they want to be attractive acquisition assets, sector executives have said.

November 12, 2021

Some German States Will Wait On Casino Games Licensing, Attorney Says

While some German states are planning licensing programmes for online table games and others support monopolies, a third group may simply procrastinate, a Germany gambling lawyer has said.

November 12, 2021

Disney Eyes Greater Presence In U.S. Sports-Betting Market

The CEO of Disney has confirmed the company is looking for a greater presence in the sports-betting business, a reversal from its long-held position of avoiding any association with gambling.

November 12, 2021

News In Brief: November 8-November 12, 2021

Curaçao-licensed companies are barred from Dutch online trade group and a politically active online skill company is raided by tax officials in India.

November 11, 2021

CBDC Consultation Incoming, Confirms UK Treasury

The Bank of England (BoE) and Her Majesty’s Treasury (HMT) will be opening a consultation on the possibility of a UK central bank digital currency (CBDC) in 2022, the UK’s finance minister has confirmed, while outlining a possible timeline for the project.

November 11, 2021

Bafin’s ’Aggressive’ Stance Won’t Kill Off N26

N26 has had a less than perfect year dealing with Germany’s financial watchdog, yet payments experts believe that regulatory action will not have a long term effect on the Berlin-headquartered neobank.

November 11, 2021

Small Businesses Continue To Accept Cash

Most of the UK's small businesses are happy to accept cash and they would never turn a customer away who needs to pay in cash, research commissioned by the Financial Conduct Authority (FCA) found.

November 11, 2021

Binance Changes Catch-Me-If-You-Can Approach Amid International Claim

Victims of the Binance account freeze are facing new challenges to gain redress as the crypto exchange has no headquarters. Meanwhile, the crypto trading platform has realised it has grown too big to avoid the sight of regulators and is seeking a payments license.<br />

November 11, 2021

Blockchain Ensures Gambling Crypto Funds Are Cleaner Than Cash, Says Panel

Regulators hoping to unlock the payment and responsible gambling benefits of blockchain technology should develop frameworks to accept digital currencies attached to digital identity, according to a panel of experts.

November 11, 2021

Affiliates Love Regulation, But Can't Quite Quit Grey Markets

Major affiliates say they love the stability of regulation and the protection it gives them from being short-changed by operators, but some are still happy to do significant grey market business.

November 11, 2021

Election Results, Internet Sunset Problematic For New Jersey Casinos

Even “Saturday Night Live” is making jokes about how a truck driver spent a grand total of $153 on his campaign but still managed to defeat the New Jersey Senate president in the November 2 election.

November 10, 2021

EU Finance Ministries Pile On Political Pressure For The EPI

Seven of the EU’s national finance ministries have published a joint statement in support of the European Payments Initiative (EPI).

November 10, 2021

Now Is Not The Time For A Retail CBDC, Singapore Says

On balance, the case for a retail central bank digital currency (CBDC) in Singapore is not urgent, the Monetary Authority of Singapore has said in a new research paper.

November 10, 2021

U.S. Continues Crackdown Against Ransomware In Whole-Of-Government Effort

In a coordinated multi-agency effort, the U.S. Treasury and the Department of Justice have taken a series of actions against ransomware groups, including the designation of a virtual currency exchange network, the seizure of $6.1m paid in ransom, and the release of an updated ransomware advisory for financial institutions.

November 10, 2021

BNY Mellon Offers Solution To Facilitate ISO 20022 Transition

The U.S. bank has launched a one-stop-shop online resource center to help financial institutions prepare for the adoption of the new message standard that is going to be mandated in major economies within the next couple of years.

November 10, 2021

Eleven Bookmakers To Be Prosecuted In NSW, Sportsbet Fined

The gambling regulator in Australia’s New South Wales state is prosecuting 11 bookmakers in 15 cases, VIXIO GamblingCompliance has learned, with market leader Sportsbet the latest to be convicted.

November 10, 2021

Risky Financial Products Replacing Gambling Sponsorships, Researchers Warn

Risky gambling-like trading and cryptocurrency products are filling the void left by gambling football sponsorships as they are outlawed by regulators, academics have warned.

November 10, 2021

New Jersey Governor Vetoes Bill Permitting Sports-Betting Promo Deductions

Days after being re-elected to a second term, New Jersey Governor Phil Murphy has vetoed legislation that would have allowed sportsbook operators to deduct bonuses from their taxable revenues.