Insights Archive

December 10, 2024

Outlook: 2025 Payments Compliance Outlook

This report is part of Vixio PaymentsCompliance’s Outlook series, which provides subscribers with forward-looking insights and consolidated research on key segments of the global payments industry. This edition is designed to provide high-level intelligence on payments compliance in 2025.

December 10, 2024

Singapore Plans Aim To Ease Cheques Towards The Exit

A new public-private initiative is set to help smooth the transition away from cheques, via new payment solutions and an extended deadline for the cessation of cheque use in the city-state.

December 10, 2024

FCA Hits Back At Report Describing It As 'Dishonest, Incompetent, Opaque'

The UK's Financial Conduct Authority (FCA) has responded to a cross-party report that called for the agency to be reformed, if not abolished, due to failures in areas such as fraud prevention and whistleblower protection.

December 10, 2024

Missouri Lawmaker Wants To Ban CBDC, Make Gold, Silver Legal Tender

A Republican lawmaker in Missouri has filed a bill that would ban the state from trading in central bank digital currency (CBDC), while encouraging the use of gold and silver.

December 10, 2024

Right-Wing MEPs Express 'Concerns' Over Digital Euro

The European Central Bank's digital euro plans are under scrutiny by members of the European Parliament (MEPs) concerned about its potential impact on financial stability and individual freedoms.

December 9, 2024

U.S. Gaming Industry Warns Prop-Bet Bans Ineffective In Policing Integrity

The largest sports-betting scandal since the federal ban was overturned more than six years ago has appeared to change public opinion on the industry for the worse and furthered the conversation about where to draw the line on permissible bet types.

December 9, 2024

Canada To Begin Stablecoin Crackdown In 2025 As New Rules Go Live

After two deadline extensions, new stablecoin listing rules are set to go live in Canada and, so far, only one firm has committed to compliance with the new regime.

December 9, 2024

Texas Federal Judge Strikes Down 'Unprecedented' US AML Law

A federal judge in Texas has temporarily blocked the enforcement of an "unprecedented" anti-money laundering (AML) law, describing it as "likely unconstitutional".

December 9, 2024

UK's National Payments Vision Offers Boost To Payments Industry

Market players feel leadership has been lacking on topics such as open banking and the direction of payments regulation, but are tipping the government’s National Payments Vision to turn things around.

December 9, 2024

Increased Regulatory Scrutiny, M&A To Remain Key Trends For Suppliers In 2025

With 2025 on the horizon, suppliers can expect increased regulatory scrutiny to become the new normal, as regulators take a holistic view of supervision and tackling illegal gambling.

December 6, 2024

UK Authorities To Assess White Paper Effects

The UK government and its gambling regulator have announced plans to assess their effectiveness of the ongoing white paper reforms, including by sourcing the views of a panel of experts by experience.

December 6, 2024

Nigerian State Regulators To Streamline Licensing

Nigerian state gambling regulators are streamlining their licensing regimes in the wake of a recent landmark court ruling that confirmed their right to regulate gambling in their jurisdictions.

December 6, 2024

Regulatory Influencer: U.S. CFPB Issues Final Rule Strengthening Oversight of Nonbank Payment Platforms

As financial technology continues to revolutionize how consumers transact, the U.S. Consumer Financial Protection Bureau (CFPB) has issued a final rule, “Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications,” which grants the CFPB expanded supervisory authority over certain nonbank entities that facilitate significant volumes of consumer payment transactions, marking a pivotal development for the payments industry.

December 6, 2024

European Council Reaches Agreement On Open Finance Framework

The European Council has reached an agreement on the proposed Financial Data Access (FIDA) framework, which lays out the transition from open banking to open finance in the trading bloc.

December 6, 2024

Daily Dash: Lithuanians Balance Digital Payments With Flexibility, Central Bank Survey Says

A Bank of Lithuania survey has highlighted evolving payment habits in the country, with 62 percent of consumers favouring payment cards and electronic settlements.

December 6, 2024

Week In Crypto: Celsius CEO Pleads Guilty To Fraud, Faces 30 Years In Prison

Another multi-billion-dollar crypto fraudster is headed to prison, Coinbase vows to take revenge on anti-crypto US regulators, and Trump names a crypto acolyte as the Securities and Exchange Commission (SEC) chair.

December 6, 2024

Australian Banks Join World's First Scams Intelligence-Sharing Network

Five Australian banks have joined the BioCatch Trust Network, a first-of-its-kind pilot for the sharing of behaviour-based intelligence to combat fraud and scams.

December 6, 2024

News In Brief: December 2-December 6, 2024

Resorts Worlds names new CEO as it faces down illegal bookmaking allegation, Missouri certifies sports betting victory, AGA seeks to minimise athlete harassment and South Africa releases a new gambling advertising code.

December 6, 2024

FanDuel Fined For Improper Futures Bets In Massachusetts

Three wagers totaling $11 will cost FanDuel $10,000, after the Massachusetts Gaming Commission approved a staff recommendation to fine the company for accepting the improper futures bets on an in-state college team.

December 5, 2024

Nigeria: FIs Must Raise Compliance Game To Exit Grey List In 2025, Says Central Bank

The head of the Central Bank of Nigeria (CBN) has told financial institutions (FIs) that implementing a “robust” culture of compliance will be “critical” to the country’s exit from the Financial Action Task Force's (FATF) grey list in 2025.

December 5, 2024

Daily Dash: US CFPB Proposes Rule To Stop Data Brokers Selling Sensitive Information

The US Consumer Financial Protection Bureau (CFPB) has proposed a new rule to restrict the sale of sensitive personal and financial information, aiming to prevent misuse of data by scammers, stalkers and foreign actors.