Insights Archive

January 12, 2022

South Korea Leading The Way To Open Banking

Although much discussion on open banking has tended to focus on the pioneering development in the UK and EU, the latest data from South Korea shows that the country is well ahead of its European counterparts in terms of payments market adoption.

January 12, 2022

Participation In UK Interbank Payments Systems Continues To Grow, Says Regulator

A new Payment Systems Regulator report finds that access of payment service providers to interbank payment systems has continued to grow.

January 12, 2022

Maltese FIAU Fines Fund For AML Failures

Malta’s Financial Intelligence Analysis Unit (FIAU) rounded off 2021 by fining financial firm Southern Cross Sicav €300,000 for anti-money laundering (AML) failings.

January 12, 2022

How Secure Is Your Bank? Bank Security Still Varies Greatly

Consumer group Which? has released results of its latest banking security test, revealing that there is still a large gap between the best and the worst banks in terms of online and mobile banking security.

January 12, 2022

New York Online Sports Betting Sees Historic Volume In Opening Weekend

As data continues to trickle out from New York’s inaugural weekend with legal mobile sports betting, all indications point to historic volumes in the state even with fewer than half of the chosen operators currently live.

January 12, 2022

Heavy-Hitters Hired To Challenge Washington Tribes' Sports-Betting Exclusivity

A high-profile federal lawsuit filed on Tuesday claims Washington state officials unlawfully allowed Native American casinos to create monopolies on certain types of gaming, including sports betting, roulette and craps.

January 12, 2022

Ex-Minister Promises Study Of Proposed Dutch Gambling Ad Ban

The outgoing minister in charge of Dutch gambling issues has promised to examine a proposed gambling advertising ban and report on issues such as its impact on keeping players in the licensed system and on contributions to charities and sports.

January 12, 2022

Spain's Competition Watchdog Flags Player Suspension Concerns

Spain’s independent competition regulator has recommended altering the section of a draft royal decree that would require operators to suspend players based on their financial activity.

January 11, 2022

Luxembourg Watchdog Slaps Bank With AML Fine

Banque de Luxembourg, one of the country’s largest commercial banks, has been hit with a €1.3m fine by the country’s Commission de Surveillance du Secteur Financier (CSSF).

January 11, 2022

’The Future Is Already Here’ - MAS Heaps Praise On CBDC Competition Entrants

Partakers in the Monetary Authority of Singapore’s (MAS) central bank digital currency (CBDC) competition have been commended for their efforts by the financial regulator in its recently published report on the challenge.

January 11, 2022

Following Another Year Of Record Growth, India’s UPI Dominated By Three Apps

PhonePe, Google Pay and Paytm account for 94 percent of all transactions initiated through apps in India’s Unified Payments Interface (UPI), with the remaining 6 percent shared between 50+ apps.

January 11, 2022

We Are Hiring! U.S. Agencies Are Looking For Crypto Experts

U.S. state and federal agencies are increasingly looking for crypto experts to add to their ranks. Meanwhile, New York state announces the appointment of a new virtual currency chief.

January 11, 2022

Southern States Set For Sports-Betting Spotlight As Legislatures Return

Three state legislatures with a history of mixed results when it comes to passing gaming legislation will try again this year to approve bills ranging in scope from state-wide mobile sports betting, to creating a state lottery and casino industry.

January 11, 2022

Singapore Confirms Casino Duopoly To 2030, Raises Taxes

The Singaporean parliament has codified a 2019 announcement that Las Vegas Sands and Genting Singapore will control the city-state’s casino market until at least 2030 while paying higher gaming taxes.

January 11, 2022

Uganda Regulator Highlights Challenges As COVID-19 Restrictions Ease

Uganda’s Lotteries and Gaming Regulatory Board has said its responsible gambling programme will be a “yardstick” for all industry stakeholders, as the regulator positions itself as one of Africa’s busiest authorities.

January 11, 2022

Potential UK Sports Sponsorship Ban Enters The Spotlight

The debate over whether UK gambling companies should be banned from sports sponsorship is heating up, amid reports that the Premier League will petition the government for leniency.

January 10, 2022

Crypto To Grow Tenfold By 2024, Experts Predict

Crypto was a constant in 2021 and nobody quite expected it. Prices boomed, investment did as well, and corporations that had previously given the products a cold shoulder came on board. Experts tell VIXIO why 2022 may be the biggest year yet.<br />

January 10, 2022

Update: Banks Support U.S. Plan To Migrate ISO 20022 In 2023

The American Bankers Association supports single-day migration to the game-changer ISO 20022 messaging standard in November 2023, but calls for more guidance from the Federal Reserve.

January 10, 2022

Member State Regulators Lobby For Powers Old And New

Although many have greeted the prospect of more uniform rules for financial regulation in Europe, some member state-level regulators and trade associations have questioned just how stringent these should be.

January 10, 2022

UK Fines Law Firm For AML Violations

Mishcon de Reya, the UK law firm known for representing the rich, famous and powerful, has been fined £232,500 over anti-money laundering (AML) failures.

January 10, 2022

DraftKings, FanDuel Running Out Of Time For Florida Sports-Betting Referendum

With just 22 days to go, DraftKings and FanDuel have collected less than one third of the signatures necessary to put their sports-betting initiative on the November 8 general election ballot in Florida.