Insights Archive

November 22, 2021

Cybersecurity Rules Tightened For U.S. Banks

The three federal US financial regulators have issued a new cyber rule for banks - meaning that they need to report cyber incidents within 36 hours.

November 22, 2021

ECB: We Don’t Want To Compete In the Payments Landscape

The digital euro is an instrument, not a commercial product, a European Central Bank (ECB) official has told members of the European Parliament.

November 22, 2021

India’s Paytm Loses Quarter Of Share Value, While Regulator Plots New IPO Rules

India's largest initial public offering (IPO) ended on a sour note as shares in mobile payments app Paytm tumbled 27 percent on the first day of trading. Meanwhile, regulators look to tighten rules relating to IPOs as stock market activity reaches fever pitch.

November 22, 2021

California Tribes Urged To Embrace Risks Of Sports Betting

Tribes in California and other Indian gaming markets have been advised to focus on on-premises mobile sports betting and embrace the risks associated with legal sports wagering, rather than view it as a mere amenity within their casino-resorts.

November 22, 2021

Malta Gambling Conference Draws Flak Over COVID-19 Protocols, Strip-Tease Act

The SiGMA Europe conference in Malta last week was dogged by controversies ranging from concerns about COVID-19 precautions to a strip-tease act at an exhibitor’s booth that was quickly squelched.

November 19, 2021

Urgent Intervention Needed For Stablecoins, Warns ECB

Central banks should take advantage of stablecoins current low risks and build up a regulatory framework, the European Central Bank (ECB) has declared in its Financial Stability Review.

November 19, 2021

PSR Would Require Banks To Publish APP Fraud Data And Offer Mandatory Reimbursement

The UK Payments Systems Regulator (PSR) has published a consultation paper on authorised push payment (APP) scams, proposing further measures to fight this form of fraud, which has grown significantly within the first half of the year.

November 19, 2021

Week In Brief - November 19, 2021

A short roundup of some of the week's payments news you may have missed. This week we look at AML breaches in Switzerland, N26’s exit from the United States, changes to direct debit rules in Canada and new laws aimed at reducing wastage from digital products and services in France.

November 19, 2021

Off The Hook For Now? Swedish Authorities Conclude Investigation Against Klarna

The Swedish Financial Supervisory Authority (Finansinspektionen - FI) has “written off” its investigation into the buy now, pay later kingpin.

November 19, 2021

UK Review White Paper To Address Affordability, Online Stakes

Affordability and online restrictions similar to those imposed on fixed-odds betting terminals (FOBTs) will be looked at in the government's impending white paper on the Gambling Act review.

November 19, 2021

Arkansas Mobile Sports-Betting Rules Include Restrictive Revenue-Share Provision

Arkansas regulators voted Thursday to take the first step toward permitting mobile sports betting in the state, but potential operators expressed concern about a provision that would keep a majority of mobile revenues in the hands of Arkansas casinos.

November 19, 2021

Blackstone Offers $5.5bn In Third Bid To Buy Out Crown Resorts

Financial services heavyweight The Blackstone Group has launched a third attempt to acquire struggling Australian casino operator Crown Resorts.

November 19, 2021

News In Brief: November 15-November 19, 2021

British police warn against a growing trend of lottery fraud and Maryland issues delayed sports-betting licenses.

November 18, 2021

MEP Stresses Importance Of Full Implementation And Strong Enforcement Of EU AML Package

The EU has a chance to fill the gaps in its anti-money laundering (AML) framework, but it requires full implementation, strong enforcement and cooperation, the co-rapporteur of the proposal has said.

November 18, 2021

Visa Denied! Amazon To Start Blocking UK Payments From US Card Giant

In a case of bigtech v big scheme, Visa’s credit cards will no longer be able to be used for transactions on Amazon’s platform.

November 18, 2021

Rabobank To Face AML Action From Dutch Regulator

The Dutch central bank is due to discipline the Netherlands second-largest bank for failure in its anti-money laundering compliance, the financial institution has announced.

November 18, 2021

More Crypto Players Lay Out Vision For Crypto Regulation

Following the lead of Coinbase, Ripple and Binance have now set out their views on how regulators should approach the booming crypto sector. Ripple is calling for rulemakers to use the current regulatory framework, while Binance releases its ten fundamental rights for crypto users that regulation should acknowledge.

November 18, 2021

Sweden's Number Of 'Risky Gamblers' Stable For Years

The amount of “risky gamblers” in Sweden has remained consistent over the past three years, according to the latest data released by the Swedish Public Health Agency.

November 18, 2021

Flutter Acquires UK Bingo Specialist Tombola

Flutter Entertainment said it has acquired Tombola, the UK-based online bingo specialist, for an enterprise value of £402m.

November 18, 2021

Australia's Tabcorp Warned Over Illegal In-Play Bets

Australia’s national online gaming regulator has issued a formal warning to wagering and lottery giant Tabcorp Holdings for accepting online in-play bets and paying out winnings on the illegal activity.

November 18, 2021

Online Operators Exploring 'Underserved' U.S. Hispanic Market

At least three companies are preparing to target the U.S. Hispanic market for sports betting and online gaming, even as market-access opportunities in key states appear to be limited.