Insights Archive

October 14, 2022

Week In Crypto: Record-Breaking Hacks And Reg Action Highlight Another Bad Week For Crypto

As hackers wreak havoc on decentralised finance (defi) platforms, a US regulator has issued its largest crypto enforcement action to date following a multi-year investigation into suspected sanctions-busting.

October 14, 2022

No Change There Then! UK Finance Unveils Latest Hellish Fraud Stats

Lower fraud figures are not a reason to be cheerful, UK Finance has said, as it releases its latest statistics.

October 14, 2022

NCPI Global Expansion Continues With Worldline Partnership

The collaboration will see Worldline become the first EU acquirer to accept Unified Payments Interface and RuPay cards, two products of the National Payments Company of India (NPCI), on behalf of European merchants.

October 14, 2022

Payments Outage Cripples Australian Banks

Commonwealth Bank, Westpac, ANZ and NAB are among the banks affected by an industry-wide outage at Australia’s payment system.

October 14, 2022

Daily Dash: G20 TechSprint Winners Announced

The Bank for International Settlements and Bank Indonesia unveil the winners of their central bank digital currency competition, trade association reports surge in EU ATM attacks and US regulator reveals the high fees in college banking.

October 14, 2022

Safety, Cybersecurity Remain Concerns Among Nevada's Recovery

As their Macau casinos remain open but continue to struggle financially from government-imposed coronavirus restrictions, Wynn Resorts CEO Craig Billings said he never thought he would see the day when his company's properties in Las Vegas and Boston were out-earning those casinos in the Chinese enclave.

October 14, 2022

Court Says Critic Can Call Curaçao Sub-Licensing System 'Illegal'

A blogger and critic of Curaçao gambling practices has won an appellate court ruling deeming her claim that the master-sublicence licensing system is “illegal” to be “plausible” and legitimate criticism.

October 14, 2022

News In Brief: October 10-October 14, 2022

Flutter wins billion-dollar case over FanDuel acquisition, Dutch regulator throws out "illegal" operators and Malta suspends an operating licence.

October 13, 2022

Sibos 2022: MAS Chief Says Cross-Border Payments ’Not Fit For the 21st Century’

A Singaporean central banker has lamented the current state of cross-border payments as "not fit for the 21st century", arguing that innovation is urgently needed to tackle speed, cost and friction issues.

October 13, 2022

DC Fintech Week: Let Us Operate As Banks, Crypto CEO Tells US Regulators

US bank regulators are “allergic” to the idea of letting crypto intermediaries operate as banks, preventing them from providing better consumer protections and financial stability, Custodia Bank CEO Caitlin Long said as she reveals a new turn in its ongoing lawsuit against the Federal Reserve.

October 13, 2022

Ontario iGaming Improves Revenue In Second Regulated Quarter

With more operators transitioning from the grey market into the regulated space ahead of an October 31 deadline, revenue performance improved in the second quarter of regulated online gaming in Ontario.

October 13, 2022

Meghalaya To 'Completely Scrap' Gaming Law

In a stunning about-face, the Indian state of Meghalaya has announced it will repeal groundbreaking land-based and online gaming legislation following intense political and social opposition to the law.

October 13, 2022

U.S. Sports Leagues Take Kinder, Gentler Approach In Lobbying For Sports Betting

When sports wagering began to expand across the United States four years ago, the nation’s major sports leagues became notorious for their aggressive lobbying tactics to shape the market in their own image, but times are changing.

October 13, 2022

One Third Of Investment Funds Exclude Gambling

The number of investment funds with policies that exclude gambling has increased by 5 percent over the past year, according to a Morgan Stanley survey on investors' exclusionary policies.

October 12, 2022

Sibos 2022: Industry Optimism Despite Complicated Road Ahead For ISO 20022

ISO 20022’s implementation should be treated as a collaborative and "non-competitive" matter for the payments ecosystem, as the co-existence period with legacy messaging standards begins next month.

October 12, 2022

Scameter: Hong Kong’s New Tool In Fight Against Fraud

The Hong Kong Monetary Authority has launched a new search engine tool that allows consumers to screen payees for connections to fraud cases prior to making a transaction.

October 12, 2022

PSR Mandates CoP For 400 More Payment Firms

The UK's Payment Systems Regulator (PSR) is directing around 400 payment service providers to implement confirmation of payee (CoP) to their customers.

October 12, 2022

Instant Payments Surge In Australia As Legacy Payments Migrate

Australia’s fast-growing instant payments system looks set to continue its expansion, as the country migrates its legacy payments to the new platform. Meanwhile, new services such as buy now, pay later (BNPL) continue to disrupt traditional card payments.

October 12, 2022

Chinese Envoy Denies Gambling Blacklist Includes Philippines

A communication breakdown between the president of the Philippine Senate and the Chinese ambassador has exposed a possible tourism blacklisting for the Philippines over Chinese involvement in the local gambling industry.

October 12, 2022

U.S. Gaming Industry Threatened By Offshore Sites, Grey-Market Machines

The U.S. gaming industry faces serious challenges from inflation, rising energy costs, higher interest rates and labor shortages but executives and lobbyists warn the biggest underlying threat to their businesses comes from illegal gambling.

October 12, 2022

GGPoker Parent Will Pay UK Gambling Commission Penalty

The company that operates GGPoker will pay a £673,000 penalty for failures in social responsibility and anti-money laundering (AML) policies.