Insights Archive

April 7, 2022

Ghana Advances Plans To Digitise Gambling

Ghana's Gaming Commission has seized more than 500 illegal analogue slot machines, as the country continues to push towards a more digital economy.

April 7, 2022

GDPR Enforcement Comes For Banks (And Fintechs, Too)

As regulators announce multiple data protection fines across the EU, many financial institutions across the continent may be wondering, could we be next?

April 7, 2022

G7, EU Announce Fresh Sanctions Against Russia

Russia is facing a new round of sanctions from the EU, UK and the United States, including import and export bans and full transaction bans on key Russian banks.

April 7, 2022

E-Krona Can Be Integrated With Banks’ And PSPs’ Systems, Riksbank Says

Commercial banks and payment service providers (PSPs) can sleep easy, as the Swedish central bank’s latest tests show that the e-Krona can be integrated into their systems, which reduces the chance of disintermediation or the need for a direct account with the Riksbank.

April 7, 2022

90 Becomes 180: EBA Makes Key SCA Change

The European Banking Authority (EBA) has published its final proposal regarding changes to the revised Payment Service Directive’s (PSD2) re-authentication rules that many believed created an imbalance in regard to account access.

April 7, 2022

Marijuana, Financial Crimes, Surveillance On California Regulator's Agenda

Cardrooms and cannabis continue to be an evolving issue in California, as policymakers try to reach a consensus on a proposal that would allow for dual licensure between the two industries.

April 7, 2022

New Major League Baseball Season Begins Amid Gambling Probe

It's Opening Day for Major League Baseball on Thursday as federal prosecutors continue an investigation into a gambling scandal involving a former minor league pitcher in California.

April 7, 2022

Dutch Ad Group Rejects Complaints Against Bet365, State Lottery

The Dutch Advertising Code Foundation has rejected complaints against adverts run by the Dutch State Lottery and bet365.

April 7, 2022

Ghana Advances Plans To Digitise Gambling

Ghana's Gaming Commission has seized more than 500 illegal analogue slot machines, as the country continues to push towards a more digital economy.

April 6, 2022

Singapore Government Responds To Payments And Crypto Questions

Hot off the heels of new financial services legislation, Singapore’s finance minister and chief of the Monetary Authority of Singapore has responded to queries from lawmakers regarding crypto sanctions compliance and payment licence exemptions.

April 6, 2022

European Commission Launches Digital Euro Consultation

Brussels’ has begun to pave the way for EU legislation to accommodate a retail central bank digital currency, as the European Central Bank’s project continues to take shape.

April 6, 2022

FinAccel Becomes First Fintech To Acquire Indonesian Bank

Parent company of Kredivo, Indonesia’s largest buy now, pay later (BNPL) provider, has launched a new assault on the market with the acquisition of Bank Bisnis.

April 6, 2022

M&A Surge Going Nowhere, Experts Predict

Buy now, pay later (BNPL) mergers and acquisitions are expected to continue to surge as the market matures; however, payments insiders are split on whether it has proved too late for the banks to get involved.

April 6, 2022

Brazil Levels Playing Field With Tighter Rules For Large Fintechs

New Brazilian fintech regulations require large payment firms that engage in deposit-taking and lending to meet the same standards as traditional banks.

April 6, 2022

Norway Orders Gambling Ads Pulled From Discovery Channels

The Norwegian Media Authority has ordered television distributors in the country to remove gambling advertising from Discovery channels such as Eurosport Norway, a decision the media company said it may appeal.

April 6, 2022

Federal Regulation Required For U.S. Gaming Industry To Embrace Digital Currencies

The Biden administration’s order directing federal agencies to coordinate efforts to regulate digital currencies has been welcomed by those in the gaming industry who believe regulators need a federal framework to feel comfortable with cryptocurrencies as a form of payment.

April 5, 2022

New Powers For Payments Oversight Coming For Singapore

Singapore’s government has set out to parliament how the city-state will amend its financial services law, including new compliance requirements for payments services and crypto-assets.

April 5, 2022

Finally! UK Government Unveils Crypto Plans

Stablecoins are to be recognised as a valid form of payment and the Royal Mint is making a non-fungible token, HM Treasury has announced.

April 5, 2022

Request To Pay Innovations To Kick Off In 2022

Pay.UK is set to launch three new features for the request to pay overlay service later this year, which is expected to help give a competitive edge to payment providers, reduce fraud and aid struggling small and medium-sized enterprises.

April 5, 2022

Footballers Banned From UK Gambling Ads Under Tougher Rules

Leading footballers will be banned from marketing gambling products under new rules designed to curb their appeal to young people, a UK advertising body has announced.

April 5, 2022

India Seizes $54m From Lottery Mogul Santiago Martin

India’s economic crimes agency has seized 4.1bn rupees ($54m) in bank account and mutual fund holdings controlled by notorious “Lottery King” Santiago Martin. The latest salvo in a decades-long battle between law enforcement and the gaming mogul.