Insights Archive

November 4, 2021

Danish Lawmakers Introducing Raft Of Player Protection Changes

Danish lawmakers have agreed to introduce a “player card” for land-based gambling activities, meaning consumers will have to register with betting providers before they can gamble.

November 3, 2021

’They Shouldn’t Have Purchased It In The First Place’ - ING Winds Down Payvision

The ING Group, the Netherlands largest bank, has announced that it will begin phasing out its subsidiary, Payvision, acknowledging that the payment service provider has not been sufficient for achieving its ambitions.

November 3, 2021

Klarna’s Acquisition Of PriceRunner Helps Payments ’Move Up The Funnel’

Klarna’s bid for PriceRunner, along with other rumoured M&A activity, highlights the growing trend for fintechs to attempt to grab a bigger share of e-commerce and bring the shopping experience closer to the payment.

November 3, 2021

Estonia And Denmark Regulators Helped Vote Down EBA’s Proposal That They Broke EU Law, Documents Show

Although the vote was originally taken by European supervisors in 2019, it has only just been made public and makes for questionable reading.

November 3, 2021

U.S. Report Proposes Bank-Like Oversight Of Stablecoin Activities

A U.S. interagency report recommends bank-like oversight of stablecoin activities, urging Congress to take “prompt” actions.<br />

November 3, 2021

New Jersey Voters Reject College Sports-Betting Ballot Measure

New Jersey will continue to prohibit bets on in-state college teams after a ballot measure to lift the ban was rejected by state voters on Tuesday.

November 3, 2021

Worst Gambling Act Fears Unlikely To Be Realised, Says Rank CEO

As the UK gambling industry frets over how to improve its woeful public perception, one of the sector’s leading chief executives has sought to dampen fears over the outcome of the pending Gambling Act review.

November 3, 2021

U.S. Gaming Industry Leaders Concerned About Prevalence Of Advertising

The proliferation of sports-betting advertising in the U.S. remains a key area of concern for industry leaders, with both the volume of ads and prevalence of bonus offerings facing scrutiny.

November 3, 2021

Line Between Gambling, Gaming, Financial Products More Blurred Than Ever

An increasing number of volatile financial trading products and video games available to children closely resemble gambling, a panel of experts that includes UK Gambling Commission officials has warned.

November 2, 2021

Belgium Latest Country To Introduce Confirmation Of Payee In Fight Against Fraud

Learning from successful introduction of account verification services in UK and Netherlands, Belgium introduces bill to mandate a similar anti-fraud tool. Meanwhile, Bank of America launches Account Validation in the U.S.

November 2, 2021

News In Brief - November 2, 2021

The UK Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority confirm investigation into Barclays CEO Jes Staley without revealing further details.

November 2, 2021

UK Financial Regulators Rally For Climate Change

The Financial Conduct Authority, the Prudential Regulation Authority, The Pensions Regulator and the Financial Reporting Council have issued their latest reports on climate change adaptation, and how they plan to put pressure on financial institutions to take the issue seriously.

November 2, 2021

P27 Appoints New Chief Executive

Paula da Silva, head of transaction services at SEB, has been named as the new chief executive of the Nordics prospective payments platform (P27).

November 2, 2021

UK Affiliates Not Linking To Safer Gambling Week

As the UK Safer Gambling Week 2021 begins, new data from an affiliate compliance monitoring company has revealed the vast majority of affiliate URLs fail to include safer gambling messaging.

November 2, 2021

Latin American Operators Urged To Self-Regulate On Advertising

Online gambling licensees in Latin America must quickly self-regulate their advertising practices to have any hope of avoiding harsh restrictions like in Spain, according to regulators and legal experts.

November 2, 2021

UK Online Boom Offsets Land-Based Tax Shortfall

Increased betting and online gaming activity has driven positive growth in year-to-date UK gambling tax receipts, despite cratering returns from machine gaming.

November 2, 2021

U.S. Gaming Industry Looking To Fit Esports In Among Slots, Table Games

Esports and casinos appear to be a perfect match, but as the gaming industry seeks to attract a new generation of customers who play video games, wagering on these events remains in its early stages.

November 1, 2021

Brussels Dodges Responsibility For Malta’s Greylisting

The European Commission does not turn a blind eye to the interpretation of anti-money laundering rules and hopes that any more members being greylisted by the Financial Action Task Force can be avoided in the future, the EU’s financial crime chief has said when probed about Malta becoming the first EU country on the grey list.

November 1, 2021

Hungary Fines Banks For Partner Agents’ AML Compliance Failures

The Hungarian National Bank (MNB) fined two banks for AML compliance failures at their partner currency exchanges.

November 1, 2021

FATF Ventures Into New Territory With Fresh Crypto Guidelines

The Financial Action Task Force (FATF) has released new guidance on virtual assets and virtual assets service providers (VASPs), superseding those that it previously issued in 2019.

November 1, 2021

U.S. Drops Massive Tax Reporting Proposal

House Democrats have reportedly dumped a massive tax reporting provision that would require financial institutions to report annual gross inflows and outflows in all accounts to the Internal Revenue Service (IRS).