Insights Archive

July 6, 2022

India’s Central Bank Tightens M&A Rules For Non-Bank Payment System Operators

The Reserve Bank of India has issued a new directive aimed at increasing supervision of merger and acquisition (M&A) activity among non-bank payment system operators.

July 6, 2022

Apple To Allow iOS Apps In South Korea To Use Third-Party Payment Processors

Apple has opened up its App Store in South Korea to alternative payment processors, but for developers who want to opt into the scheme, they will still be charged high commission rates.

July 6, 2022

Interview: PSR Chief Wants To Get Fraud Right, But ’We Need To Improve Incentives’

Chris Hemsley, managing director at the UK's Payment Systems Regulator (PSR), speaks to VIXIO about the regulator’s plans to rein in fraud and enhance competition.

July 6, 2022

UK Gambling Minister Says Treasury Would Pay £600m Damages

If Camelot is successful in its current bid to be awarded up to £600m in damages, the UK Treasury will likely end up footing the bill, according to Chris Philp, the minister in charge of gambling policy.

July 6, 2022

Nevada Regulators Closer To Updating Gaming License Requirements

As the gaming industry continues to evolve in Nevada, regulators have spent considerable time this year updating the state’s rules related to licensing, associated equipment, junket registrations and sports-betting data, among other areas.

July 6, 2022

Online Casino Depends On Risky Gamblers, UK Study Suggests

A new British study suggests that the online casino industry draws a significant percentage of players and revenue from those with at least a moderate risk of developing a problem-gambling habit.

July 5, 2022

ESG Taxomania! But Convergence On The Horizon

Sustainability experts, including a senior leader at Mastercard, have stressed the need for corporations and governments to solve the data gap that currently exists, yet warned that a common taxonomy is a long way off.

July 5, 2022

EU Payments Regulation Gets Thumbs Up From Start-Ups, But Compliance Burden Is Causing Problems

A new survey by Stripe has revealed that a majority of start-up companies are satisfied with the opportunities that the revised Payment Services Directive (PSD2) has provided them, believing that it has enhanced competition opportunities in the trading bloc.

July 5, 2022

India Mulls Bringing Domestic SWIFT-Alternative Across Border

As Western sanctions on Russia continue to bite and affect trade around the world, India has been the latest country to look at a potential alternative to the SWIFT messaging network.

July 5, 2022

US Lawmaker Seeks To Level Up Financial Data Privacy

A discussion draft released by a Republican Congressman would give consumers GDPR-like rights over their financial data and update a 23-year-old federal law.

July 5, 2022

Fanatics, ESPN Beginning To Make Sports-Betting Moves

Sports retail giant Fanatics and premier American sports media brand ESPN have long been regarded as sleeping giants in the U.S. sports-betting landscape but recent moves and public statements indicate the two are beginning to wake from their slumber.

July 5, 2022

Dutch Politicians Push For Loot Box Ban

A motion to ban loot boxes in the Netherlands has support from politicians across six different major parties.

July 5, 2022

Potentially Disastrous Casino Strikes Averted On Holiday Weekend

Faced with costly strikes at the peak of the tourist season, brick-and-mortar casinos in New Jersey and Rhode Island reached tentative agreements with labor unions to prevent a walkout of workers during the Independence Day weekend.

July 4, 2022

Fed Delays ISO 20022 Migration To 2025

The US Federal Reserve has postponed the date of adoption of the ISO 20022 message format on Fedwire to help banks prepare for the launch of its new FedNow instant payment service.

July 4, 2022

European Parliament Agrees First EU Rules For Tracing Crypto-Asset Transfers

The European Parliament has provisionally agreed a landmark bill that will see most transfers of crypto-assets regulated in the same way as traditional money transfers.

July 4, 2022

Fraud, API Standards Central To EU’s Future Payments Vision

As preparations continue for a potential revision to the Payment Services Directive, payments chiefs in Brussels and Paris have warned that evolving fraud and technology standards must be front and centre.

July 4, 2022

EU Reaches Provisional Agreement On Markets In Crypto-Assets Regulation

After almost two years of consultations, the European Council presidency and the European Parliament have reached a provisional agreement on the Markets in Crypto-Assets Regulation (MiCA).

July 4, 2022

ESG Accountability Offers Strategic Advantage, Say Executives

Environmental, social and governance (ESG) standards are the next big thing in the gambling business, according to a panel of industry experts, who see it as a means to create a more sustainable product.

July 4, 2022

Personnel Moves - June 2022

The newly-active German regulator makes a key appointment, Nevada authority appoints new officials, Star Entertainment gets new CEO amid hearings fallout and Chilean trade group appoints an interim boss.

July 1, 2022

EU Leaders Reach Partial Position On New AML Watchdog

The European Council wants to expand the powers of the EU’s planned new anti-money laundering authority, but a row over where it should be based has prevented the Council from agreeing fully with the European Commission’s proposals.

July 1, 2022

Week In Crypto: SEC Says No To Bitcoin ETF, 3AC Ordered To Liquidate

US regulators have rejected an application for a bitcoin exchange-traded fund (ETF), while crypto hedge fund Three Arrows Capital (3AC) has received a court order to liquidate.