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Europe Advances Plans For Real-Time Payments Connectivity With Asia

By linking its TARGET Instant Payment Settlement (TIPS) system with India and Southeast Asia, the European Central Bank (ECB) is accelerating real-time payments globally and challenging European payment service providers (PSPs) to prepare for faster flows and competitive pressures.
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Prolonged Limbo On Open Banking Leaves US Financial Sector Navigating Uncertainty

A renewed push from Democratic senators highlights how the stalled Personal Financial Data Rights (PFDR) rule is forcing banks and fintechs to rethink strategy, as shifting political priorities threaten a stable data-access framework for the long term.
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US Open Banking Rule Highlights Industry Divisions Over Data And Fees

By defining who can access consumer data, whether fees are allowed and compliance timelines, the Personal Financial Data Rights final rule (PFDR Rule) underscores continuing legal and market tensions between banks and fintech innovators.
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EBA Slams Fintechs Over Lax Compliance In New AML Risk Assessment

In its latest risk assessment, the European Banking Authority (EBA) has warned that poor practices and a lack of experience at fintechs, including payments and crypto firms, are undermining efforts to tackle financial crime.
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Weak Automated AML Procedures Cost HSBC £64m

The UK Financial Conduct Authority has fined HSBC Bank £63,946,800 after finding failures in the bank’s automated processes that monitored hundreds of millions of transactions on a monthly basis.
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Payments

Cardageddon Or An Easy Ride? One Year Into SCA

Strong customer authentication (SCA) was the final compliance requirement to be borne out of the revised Payment Services Directive (PSD2) and, one year in, it continues to make headlines. Here is our round-up of some of the key events, challenges and voices of the industry that kept SCA in the news in 2021.
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Payments

Chaos' As Ukraine Skips Vote On Tax, Regulators

A vote to solve Ukraine’s gambling commission conflict and reduce its tax burden did not take place last week as planned, forcing ministers to scramble and leaving the industry looking to 2022 for long-term solutions.
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Gambling

Seminole Compact Challenge Forces Changes To California Sports-Betting Initiative

A federal judge’s decision to void a gaming compact between the Seminole Tribe and the state of Florida over a provision allowing state-wide mobile sports betting with servers based on tribal lands has prompted a coalition of four California tribes to revise their ballot proposal for online sports wagering.
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Gambling

Proposed Dutch Gambling Ban Sits In Minister's Hands

Whether and how the Netherlands imposes a ban on broadcast gambling ads plus restrictions on internet advertising will probably be up to an outgoing minister or his successor.
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Gambling

Christmas BNPL Spending Raises Concerns For Irish Consumer Watchdog

With one in three Irish consumers planning on using credit for their Christmas spending this year, Irish authorities have raised alarm bells about the risks of short-term credit, including credit cards and buy now, pay later (BNPL) products.
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Payments

Week In Brief - December 17, 2021

A short roundup of some of the week's payments news you may have missed. This week we look at the UK Payment Systems Regulator's update on SD2 and SD3, the first group of European ACHs' technical account migration to TIPS, the latest U.S. actions concerning consumer privacy, fines in Cyprus, and a new cross-border taskforce set up by the Bank for International Settlement.
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Payments

Update: U.S. Senator Offers Alternative To Bank-Like Stablecoin Regulation

In contrast to an interagency report that seeks to bring stablecoin issuers under bank-like regulations, a U.S. Republican Senator would allow stablecoin issuers to choose from three regulatory regimes based on their business models.
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Payments

Dutch Parliament Calls For Ban On Gambling Advertising

The Dutch House of Representatives last night passed a surprise motion calling for an end to gambling advertising, a step which will pressure the Cabinet to address a possible ban on sports betting and casino ads.
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Gambling

Irish National Lottery Calls For 'Must Win Draw'

The luck of the Irish has been found wanting, as the National Lottery operator seeks approval for a “must be won draw” to be introduced for a controversial jackpot that has remained un-won since June.
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Gambling

Nevada Regulators Approve San Manuel Tribe To Own Las Vegas Casino

The Nevada Gaming Commission has unanimously approved a gaming license for the San Manuel Gaming and Hospitality Authority, a subsidiary of the San Manuel Band of Mission Indians, to acquire the Palms casino from Red Rock Resorts for $650m.
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Gambling

Breakthrough For Brazil Gambling Expansion

Brazil took a key step toward passing a sweeping gambling expansion plan when lawmakers on Thursday approved a resolution to fast-track a heavily amended bill to regulate casino-resorts, bingo halls and online gaming, although a final vote in the Chamber of Deputies will not be held until February.
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Gambling

Gaming Companies Present Chicago Casino Proposals

Three companies vying to construct an integrated resort in Chicago pitched their proposals to the public on Thursday as part of the selection process to obtain the city’s lone casino license.
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Gambling

News In Brief: December 13-December 17, 2021

Industry's good works trumpeted in UK trade group report and Maryland scraps official league data plan.
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Gambling

LINK Leads On New Retail Bank Collaboration For Cash Services

The UK’s largest retail banks have reached an agreement on providing shared banking hubs, but will it be enough to steady the country’s dwindling access to cash?
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Payments

Nevada Regulators Reviewing Remote ID Verification

The Nevada Gaming Control Board  will hold another workshop as regulators consider whether to approve a regulatory amendment submitted by Sightline Payments that would enable remote verification of casino wagering accounts, but not for sports betting and pari-mutuel accounts.
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Payments

Brazil Opens Door To Open Finance

As Brazil enters the last phase of its open banking initiative in the guise of open finance, the country’s central bank lays out an implementation plan for different products.
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Payments

Almost 40 Percent Of E-Money Institutions Raise Money Laundering Red Flags, Transparency International Says

New analysis published by Transparency International says 38 percent of the UK’s electronic money institutions raise some sort of money laundering concerns and calls out for more oversight of the growing sector.
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Payments

Georgian Parliament Approves Gambling Crackdown First Reading

In its first reading, the Georgian parliament has approved a package of eight bills that would increase taxes for online casinos and ban the advertising of gambling.
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Gambling

Lobbyists Optimistic That New York Sports-Betting Model Won't Become New Norm

Gaming industry lobbyists have expressed optimism that New York’s unique high-tax model will not serve as a blueprint for other states to replicate as they enact their own sports-betting legislation.
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Gambling
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War in the Middle East Set to Accelerate Decoupling From Traditional Infrastructure

The new geopolitical realities mean that payments firms will need to reassess their compliance priorities to protect themselves against the risks posed by Iranian and other sanctioned actors.
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Regulatory Influencer: Will Sanctions Enforcement be on the Rise in 2026?

In 2026 and beyond, a structural shift in global economic governance around sanctions enforcement can be expected. Prior to late 2025, the focus was more on sanctions design and designations as a policy tool for most jurisdictions, given the geopolitical landscape, whereas 2026 could be the year when the focus moves to sanctions enforcement.
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Mapping EU Legislation: Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA) and Directive (EU) 2022/2556

Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA) was published in the Official Journal of the European Union on December 27, 2022. DORA lays down uniform requirements concerning the security of network and information systems supporting the business processes of financial entities. This Mapping EU Legislation: DORA page will be updated in line with any DORA update. This includes any delegated regulation, implementing regulation or guideline issued and published at EU level, or any legislation supplementing it at member state level.
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Regulatory Reporting: Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA) – Register of Information

As provided in Article 28(3) of Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA), as part of a financial entity's ICT risk management framework, they must maintain and update at entity level, and at sub-consolidated and consolidated levels, a register of information (ROI) in relation to all contractual arrangements on the use of ICT services provided by ICT third-party service providers. Although the European Supervisory Authorities (ESAs) have provided information on such reports, the procedures for submitting the registers differs between national competent authorities. This document provides a snapshot of reporting requirements across selected European countries.
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Competing Reports on CFPB Downsizing Signal Continued Volatility for Regulated Firms

As the battle over the Trump Administration’s plans for the Consumer Financial Protection Bureau (CFPB) enters a new phase, firms operating in the US can expect fragmented oversight and inconsistent enforcement.
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Kazakhstan Completes Five-Year Shift to Regulated Crypto Market

New legislation seeks to establish the jurisdiction as a regional hub for regulated digital finance by offering a legal environment that could attract both domestic and international players.
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Compliance Under Construction: Key Takeaways from the UK Payments Forward Plan

The UK Payments Forward Plan, published in February 2026, is intended to be a clear, coordinated regulatory roadmap for the UK’s payments sector over the next three years. This document offers an assessment of the plan’s strengths, weaknesses and likely impact on the UK payments industry over the coming months and years, as well as the full text of the plan itself.
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Dissecting Stablecoins: Design, Yield Generation and Risk

Stablecoins have evolved into a rapidly expanding financial infrastructure, and regulators globally are striving to keep pace, stressing the need for a clear understanding of their design, risks, and yield mechanisms to inform debate and discussion.
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Vixio’s Verdict: The New UK Payments Plan Points The Way, Not The Specifics

The long-awaited publication of the UK’s Payments Forward Plan underlines the scale of the relevant authorities’ ambitions and of the challenge they have set themselves and the industry in the pursuit of growth and increased competition.
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Vixio’s Verdict: Finland’s FSA 2026–2028 Strategy - Building Financial Resilience in An Unpredictable World

The Finnish Financial Supervisory Authority (FSA) will operate under a renewed supervisory strategy for 2026 to 2028, centred around delivering effective and risk-based supervision. From 2026, supervisory priorities will place particular emphasis on the operational reliability of digital services and on preparing supervised entities for extreme economic and market phenomena. Alongside these annual priorities, the FSA will continue its ongoing monitoring of solvency, good governance and compliance with codes of business conduct. For 2026, the FSA has planned 35 new inspections and 24 thematic assessments, a slight increase from 2025, when 33 inspections and 18 thematic assessments were conducted. As financial services continue to digitise, the FSA needs deeper, more frequent on-site and thematic reviews to assess operational resilience standards. A modest increase suggests a measure of strengthening supervisory depth rather than a signal of systemic concern.
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