Insights Archive

November 30, 2021

AISPs Win As FCA Changes SCA Rules

From March 26, 2022, UK banks will be encouraged to only use strong customer authentication for the first access request from an account information service provider, the Financial Conduct Authority (FCA) has said

November 30, 2021

Non-Banks Have Two Weeks To Apply For e-Money Licence In Philippines

The Philippines central bank has imposed a two-year moratorium on electronic money issuer licences to non-banks, starting from December 15.

November 30, 2021

Japan’s Banks Plot Digital Currency Launch In 2022

A coalition of Japan’s financial institutions has committed to issuing a digital currency to the Japanese population in late 2022, with trials beginning as early as this year.

November 30, 2021

Entain Fined Again, Warned Licence At Risk In Australia

The Northern Territory Racing Commission has issued a second maximum fine to sports betting giant Entain Group for offering bonuses to potential customers, warning of licence cancellation in the event of a third “extremely serious” breach.

November 30, 2021

New U.S. Sports-Betting Regulators To Monitor Ad Boom

As some legislators and regulators in established U.S. sports-betting states have begun to express concern over advertising saturation, regulators in new markets say it is something they will monitor. Regulators from Arizona, Louisiana and Maryland spoke about advertising and a host of other topics on VIXIO GamblingCompliance’s “Meet the Regulators” webinar earlier this month.

November 30, 2021

Ireland Lottery Rules Under Pressure

Ireland’s interim lottery laws and main National Lottery game are under pressure following calls for an audit and investigation into the number of times the jackpot has gone unclaimed.

November 29, 2021

BIS Outlines Plans For 24/7 Central Bank Settlement

A new consultation report from the Bank for International Settlements (BIS) seeks to increase opening hours for real-time gross settlement (RTGS) systems, but experts are split on just what the solutions proposed can do.

November 29, 2021

India Unlikely To Ban Crypto Completely

India has tabled a new cryptocurrency bill that may restrict certain cryptocurrency activities while paving the way for a central bank digital currency (CBDC). However, it is unlikely that the country would impose a complete ban on crypto activities.

November 29, 2021

No Cash - Dutch Regulator Calls For Clarity At Retailers

Europe’s tug of war with cash and digital payments continues as De Nederlandsche Bank (DNB) tells merchants to be clear that they accept cash payments.

November 29, 2021

DBS Outage ’Quite Unacceptable’, Expert Says

Many banks still use outdated legacy systems, but it is “unacceptable” for a large bank like DBS to have services down for more than 24 hours, an expert told VIXIO.

November 29, 2021

Suncity Boss Alvin Chau Arrested In Calamity For Macau Junkets

Macau gaming mogul and Suncity junket boss Alvin Chau and ten other suspects have been detained or questioned after the issuance of an arrest warrant for Chau in mainland China.

November 29, 2021

UK Football Fans Unite Against Gambling Ads

A new coalition of nine UK football supporter groups is campaigning to ban all gambling advertising and sponsorships in the sport.

November 29, 2021

DraftKings, FanDuel Lobby California Tribes Over Mobile Sports-Betting Initiative

DraftKings and FanDuel are preparing to spend millions of dollars and confront strong tribal opposition in order to pass ballot measures to authorize online sports betting in both California and Florida next year.

November 28, 2021

Florida Judge Denies Seminole Stay, Tribe Files Appeal With Federal Court

The Seminole Tribe of Florida on Thursday filed an emergency motion with the federal court of appeals in Washington, D.C., seeking a stay of a ruling that online sports betting allowed under the tribe’s compact with the state violates federal law.

November 26, 2021

Bank Of Lithuania Revokes Licence Of Epayblock

Lithuania’s central bank has revoked the licence of epayblock, an e-money institution, due to anti-money laundering failures.

November 26, 2021

Week In Brief - November 26, 2021

A short roundup of some of the week's payments news you may have missed. This week we look at the CMA's lessons learned review in the UK following the recent open banking scandal, proposals in Japan for a bank deposit-backed digital currency, the strong demand for request to pay in Europe and news that NFT, or non-fungible token, has become word of the year.

November 26, 2021

BNPL: UK Government Consultation and International Overview

On October 21, 2021, the UK government launched a consultation on the potential scope of regulation and regulatory controls for buy now, pay later (BNPL) products, which are currently unregulated. This analysis focuses on the government’s views contained in the consultation, as well as their potential impact for the currently unregulated BNPL product providers. It also gives an overview of the initiatives, in relation to this kind of product, taken in other jurisdictions.

November 26, 2021

Access Key To Innovation, Square Tells Payments Canada

As Payments Canada gears up to launch its new real-time rail (RTR) infrastructure, payments company Square tells the trade association, in an interview on its website, that expanding access is critical to supporting innovation and competition in the market.

November 26, 2021

Should FCA Reconsider Its Approach To Whistleblowers?

Nobody doubts the usefulness of tipsters in the fight against financial crime, but the UK's Financial Conduct Authority (FCA) has long eschewed the idea of rewarding them for their information, no matter how crucial. In view of the success of the US' Dodd-Frank regime, it might profit by reviewing this long-established policy.

November 26, 2021

European Politicians Keep Gambling Ads In Crosshairs

Gambling advertising in Europe remains a hot political topic, even as a long-awaited UK fan-led review of football governance fails to flag the sport’s relationship with gambling as a major issue.

November 26, 2021

DraftKings Downplays Crypto Gift Card Worries

DraftKings has dismissed concerns that an outlet’s decision to sell DraftKings gift cards with Bitcoin or Ethereum could raise anti-money laundering or know your customer concerns, but has asked the supplier to withdraw the option.