Insights Archive

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.

January 10, 2022

UK Official Cites 'Troubling Issues' Before Act Review

The minister in charge of UK gambling issues has cited “extremely troubling issues” around online gambling companies as he answered parliamentary questions on the upcoming review of the Gambling Act.

January 10, 2022

Georgia Legislators Pushing Broader Gaming Expansion Ballot Question

Although much of the conversation coming into 2022 has been focused on sports-betting voter referendums in Florida and California, legislators in Georgia are planning to make another push at approving a ballot question that could legalize sports betting in the Peach State.

January 7, 2022

Pandemic Hit Card Payments But E-Payments Continue To Grow, U.S. Study Finds

A new payments study from the U.S. Federal Reserve shows that electronic payments have gained on card payments during the pandemic, while checks continue their double digit decline.

January 7, 2022

De-Risking Driving Heavy Social Costs For EU, EBA Warns

Unwarranted de-risking is having a detrimental effect, the European Banking Authority (EBA) has warned, as it publishes new advice for competent authorities on dealing with the phenomenon.

January 7, 2022

Week In Brief - January 7, 2022

A short roundup of some of the week's payments news you may have missed. This week we look at proposed increases in card interchange in Malaysia, the FCA's 2021 achievements, Airbnb's fine for breaking U.S. sanctions, lack of redress for U.S. consumers against credit reference agencies, and the first participants go live on Thailand and Malaysia's cross-border instant payments linkage.

January 7, 2022

China’s Digital Yuan Makes App Store Debut

China’s central bank digital currency is now accessible on mobile phone app stores, in another significant move for the currency’s trial phase.

January 7, 2022

Turkey Lottery Revenue Crashes Amid Political Backlash

Sales of New Year's Eve lottery tickets in Turkey have plunged 30 percent as distrustful customers seemingly turn their backs on the national lottery's pro-government joint operator.

January 7, 2022

New York To Allow Mobile Sports Betting On Saturday

The much-anticipated launch of mobile sports betting in New York, the largest U.S. market to permit online wagering to date, will take place on Saturday, following approvals granted by state gaming regulators.

January 7, 2022

Dutch Gambling Ad Spending Doubles Despite Threat Of Ban

Dutch gambling advertising has more than doubled in the months following legalisation of online gambling on October 1, even as a new Dutch government is poised to consider parliamentary proposals for an ad ban.

January 7, 2022

News In Brief: January 4-January 7, 2022

ICE organisers issue new dates and operators lobbying in California hit a big ballot milestone.

January 6, 2022

P27 To Take Over Danish Payments Infrastructure

Finance Denmark, the country’s banking association, has agreed on a new sector plan that will see it replaced by cross-border platform P27 as the country’s clearinghouse.

January 6, 2022

Ex-Swedbank CEO Faces Music Over AML Failings

Sweden’s economic crime watchdog is pressing charges against former Swedbank chief executive, Birgitte Bonnesen, as a consequence of what it deems misleading claims following anti-money laundering (AML) failings in Estonia.

January 6, 2022

Nationwide Should Have Paid More Attention To Capacity Management

The use of legacy systems and negligence by the management team of Nationwide Building Society could be behind the repeated payment outages during the Christmas holiday.<br />

January 6, 2022

LatAm Governments To Turn Eye To CBDCs Rather Than Bitcoin

Mexico’s recent announcement to adopt a central bank digital currency (CBDC) shows that Latin American countries are more likely to adopt their own digital currencies than follow suit with El Salvador’s controversial Bitcoin experiment.

January 6, 2022

Mashpee Wampanoag’s Stalled Casino Plans Revived In Massachusetts

The Mashpee Wampanoag Tribe’s stalled plans to build a major casino-resort on reservation lands in Massachusetts could be revived after the U.S. Department of the Interior’s assistant secretary for Indian affairs confirmed the legal status of the tribe’s reservation.

January 6, 2022

Major Markets In Focus For U.S. Sports Betting In 2022

After a strong 2021 that saw almost a dozen states either legalize sports wagering or add mobile betting, the focus in 2022 shifts to the future of sports betting in the United States’ most coveted and largest markets.