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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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Week In Brief - December 3, 2021

A short roundup of some of the week's payments news you may have missed. This week we look at the UK FCA's proposal to double its minimum fees, Microsoft's new BNPL update, a fine imposed on a Latvian bank for AML failures, and a new payment system cooperation between Indonesia and the United Arab Emirates.
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Payments

MEPs Welcome AML Reform, But Stress Need For Proper Enforcement

EU level action must step up its game to avoid weaknesses in its fight against money laundering and terrorist financing, members of the European Parliament (MEPs) have agreed.
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Payments

EU Online Gambling Regulations Strengthening But Divergent On Details

Online gambling consumer protection regulations among EU member states have been strengthened since 2018 but there is still significant fragmentation across European markets, according to a new study.
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Gambling

Casino Execs Expecting More Competitive U.S. iGaming Market

Tribal and smaller regional casino operators will have a better chance in competing in the U.S. online gaming market than in the country’s sports-betting gold rush, according to leading industry executives.
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Gambling

News In Brief: November 29-December 3, 2021

Lawmaker says consensus reached on Ohio sports betting, Maryland awarding two more off-track betting licenses and Cambodian online operations spreading.
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Gambling

India Merchants Struggling To Implement Card-On-File Tokenisation Rules

India’s new rules to increase the safety and security of online payments will come into force at the end of December, but merchants are struggling to meet the fast-approaching deadline.
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Payments

UK Cashback Scheme To Be Extended

The "Cashback Without Purchase" rollout will be extended to 2,000 retailers by end of the year, LINK has announced.
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Payments

EU-Wide Crypto Travel Rule Edges Closer

The EU’s 27 finance ministers of the European Council have agreed on a negotiating mandate for new crypto transfer rules in the trading bloc, bringing travel rule compliance closer for all member states.
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Payments

Lithuania On Right Track To Fight Money Laundering, MONEYVAL Finds

MONEYVAL has found that Lithuania has improved its anti-money laundering framework, a commendable achievement for the Bank of Lithuania, which is supervising the largest group of fintechs within the EU.
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Payments

New Jersey Revisiting Online Gambling Rules Amid Ad Standards 'Slippage'

New Jersey is preparing new standards on responsible gambling, bonus offerings and cybersecurity for internet gaming and sports betting, a move the state’s chief regulator expects to reduce risks to the future growth of the U.S. market.
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Gambling

Novomatic Unit Penalised In UK For AML Failings

The UK Gambling Commission has issued a penalty of £685,000 (€804,000) to Greentube Alderney, part of Novomatic, for failings in anti-money laundering and social responsibility policies.
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Gambling

Unexpected Size Of Dutch Market Shows Value of Regulation, Official Says

The Dutch online gambling market is about 40 percent larger than previously thought, underlining the urgent need for regulation, the chair of the Netherlands Gambling Authority (KSA) has said.
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Gambling

Poland Orders Arrest Of Slot Operator's Management

As Polish authorities continue to combat illegal slot operators, prosecutors and tax officials have ordered the arrest of seven top managers of the former largest unlicensed slot operator in the Polish market, Fortuna Ltd.
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Gambling

Ministers Face The Music On APP Fraud

During a public hearing, Treasury minister John Glen and security minister Damian Hinds were held to account by members of the UK’s parliament (MPs), as they tried to defend rocketing fraud issues in the UK.
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Payments

Request To Pay Momentum Building But Challenges Remain

After the “regulatory stimulus” to payments innovation that came with the revised Payment Services Directive (PSD2), financial institutions must be proactive in creating an environment for request to pay (RTP), experts have agreed.
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Payments

New York Fed Teams Up With BIS

The Federal Reserve Bank of New York has launched the New York Innovation Center (NYIC) to advance fintech products through a strategic partnership with the Bank for International Settlements (BIS) Innovation Hub. The partnership will also help the Fed analyse central bank digital currencies and improve cross-border payments.
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Payments

New South Wales Official Warns Slots Used To Launder Billions

A gambling investigations official with the New South Wales (NSW) state government has warned that billions of dollars in criminal proceeds are likely being laundered in slot machines across Australia.
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Gambling

IGT Lawsuit Adds New Chapter To Eternal Wire Act Saga

It has been 60 years since President Kennedy signed it into law, but instead of fading into irrelevance the Wire Act remains significant as the U.S. gaming industry transitions into a digital era.
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Gambling

UK Gambling Addiction Treatment Reports Improvements, But Fewer Clients

A high percentage of people completing the UK’s National Gambling Treatment Service measurably improved their condition, but fewer people received treatment in the 2020-21 fiscal year, GambleAware has said. About 92 percent of those completing the treatment improved their Problem Gambling Severity Index scores, the non-profit group said on Tuesday.
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Gambling

Personnel Moves - November 2021

John Coleman stepping down as Microgaming CEO, Canadian Gaming Association appoints four new members to its board of directors, inaugural chair of the Victorian Gambling and Casino Control Commission named.
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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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