Insights Archive

February 23, 2022

Malaysian Operator Targets Start-Ups To Tackle Financial Exclusion

PayNet, the national payments network, has launched a three-month fintech e-payments accelerator scheme. The programme aims to incentivise fintechs to help improve financial inclusion in Malaysia through addressing three problem statements.

February 23, 2022

ECB Sets Out Wishlist For EU AML Legislation

With the EU’s new anti-money laundering (AML) legislation hurtling towards reality, the European Central Bank (ECB) has greeted proposals for a new AML authority but has been more cautious about crypto definitions and incoming cash limits.

February 23, 2022

U.S. Supreme Court Justice Asks If Seminal Indian Gaming Case Should Be Scrapped

In an unusually lengthy hearing of more than an hour and a half on Tuesday in the U.S. Supreme Court, Justice Neil Gorsuch raised the possibility of overturning a landmark 1987 decision which led to the enactment of the Indian Gaming Regulatory Act of 1988.

February 23, 2022

Missouri Coalition Begins Push For Sports-Betting Compromise Bill

A coalition of Missouri professional sports teams and casinos began making their case Tuesday for a sports-betting proposal years in the making.

February 23, 2022

Sweden Fines Trustly Over 'Severe' Gambling AML Deficiencies

Sweden’s Financial Supervisory Authority has given Trustly Group and ClearOn payments processors fines and warnings for “severe” anti-money laundering (AML) deficiencies, with Trustly’s violations involving gambling infractions.

February 22, 2022

AI Governance ’Crucial’, Warn UK Financial Regulators

A new report published by the Bank of England and the Financial Conduct Authority has emphasised the need for oversight and standards in the City’s response to artificial intelligence (AI).

February 22, 2022

Fed Governor Cautious On Digital Dollar

In laying out a case for how a U.S. central bank digital currency could improve financial stability, the Federal Reserve Governor poses questions that will be on every central banker’s mind.

February 22, 2022

Open Banking Surpasses Five Million Milestone

There are now more than 5m active users of open banking services in the UK spurred on by greater interest in payments for government services.

February 22, 2022

India Exports Instant Payments System To Nepal

India’s Unified Payments Interface has expanded over the border to Nepal as the country’s national payments operator strikes a deal to deliver its popular instant payment service in the Himalayan country.

February 22, 2022

English Councils Want Power To Refuse Gambling Premises

Pressure continues to mount on the UK government ahead of the Gambling Act review white paper, as the Local Government Association and the Association of Police and Crime Commissioners join calls for tougher restrictions.

February 22, 2022

Chinese, Sihanoukville Officials Meet Ahead Of Crackdown

A senior Chinese diplomat in Cambodia has met Sihanoukville’s governor and local police ahead of a likely major crackdown on online gambling and telephony scam operations that have enslaved thousands of foreign workers.

February 22, 2022

U.S. Gaming Industry Seeks Updates To Federal AML Regulations

After rapid technology advancements and legal developments in recent years in the gaming industry, the American Gaming Association has said regulatory changes at the federal level are needed to address the growth of online gaming and sports betting.

February 21, 2022

Third Of UK Crypto Investors Under 18, Research Claims

Although the risks of the use and promotion of cryptocurrencies is often contextualised around adults, children may be just as vulnerable to crypto scams, influencers and market volatility.

February 21, 2022

The Start Of A Revolution? India’s Changing Payments Landscape

The Universal Payments Interface has become a success story for India, but it is financial inclusion that has been the real star of India's payments transformation.

February 21, 2022

Update: Lead Crypto Prosecutor Joins U.S. National Crypto Enforcement Team

The U.S. Department of Justice has appointed Eun Young Choi to serve as the first director of the National Cryptocurrency Enforcement Team.

February 21, 2022

Swedbank Off The Hook Over PSD2 Compliance

Sweden’s financial watchdog has told the retail banking giant that it has closed its investigation; however, it warned that there are some areas where strong customer authentication compliance is not up to scratch.

February 21, 2022

Report Shows 'Shocking Scale' Of UK Black Market, Says BGC

UK trade group the Betting and Gaming Council (BGC) is urging the government to “consider targeted measures” to protect vulnerable players in the long-awaited Gambling Act white paper.

February 21, 2022

Philippine Senate To Probe Missing Cockfighting Gamblers

The Philippine Senate is set to launch an investigation into rising missing person cases linked to cockfighting and associated online gambling activity.

February 21, 2022

Denmark Reprimands Kindred Again Over AML Policies

The Danish Gambling Authority (Spillemyndigheden) has given Kindred Group’s Unibet brand four reprimands over lax anti-money laundering and due diligence policies and ordered it to fix its risk-assessment policies.

February 21, 2022

DraftKings Shares Plummet After Loss Widens, Revenues Beat Expectations

DraftKings stock tumbled more than 20 percent Friday despite the company meeting its revenue projections, a potential sign of investor impatience with the company’s high customer acquisition spending.

February 21, 2022

Baltic Online Markets Soar Past €400m In 2021

Overall regulated online gambling revenue in the Baltic region jumped by 84 percent year-on-year to €409m in 2021, with exaggerated channel shift helping Latvia and Lithuania to become the latest European markets to pass €100m in annual market size.