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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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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.
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Payments

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.
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Payments

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.
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Payments

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).
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Payments

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Gambling

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.
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Payments

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.
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Payments

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.
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Payments

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).
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Payments

Google Ad Fine Cancelled By Italian Court

An Italian court has cleared tech giant Google of violating Italy’s ban on gambling advertising.
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Gambling

California Tribes Oppose Online Sports Betting Ballot Measure

Two powerful groups representing California Indian tribes have come out in opposition to the ballot initiative to authorize online sports betting being proposed by FanDuel, DraftKings and other major U.S. operators, despite several provisions that were designed to attract tribal support.
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Gambling

Will The Ghost Of Sheldon Adelson Haunt U.S. Internet Gaming Industry?

Sheldon Adelson may be gone but his enduring influence as an opponent of internet gambling could not be denied during last week’s East Coast Gaming Congress in Atlantic City.
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Gambling

Personnel Moves - October 2021

Pontus Lindwall survives at Betsson, the Nevada Gaming Commission fills two panel slots and a Philippine gambling exec resigns to run for mayor.
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Gambling

U.S. Working On ’Unique’ Open Banking Rules

The U.S. is looking at the United Kingdom to learn about open banking, but it is working on a solution that is tailored uniquely to the needs of U.S. consumers, the head of the open banking rulemaking agency told Congress.
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Payments

Week In Brief - October 29, 2021

A short roundup of some of the week's payments news you may have missed.
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Payments

Visa Results Soar Past Pre-COVID Levels Despite Cross-Border Lull

Visa’s 2021 annual results show a significant increase in 2020 as revenues and payment volumes bounce back to above pre-COVID levels. Full-year net revenues increased 10 percent to $24.1bn, while payments volume (on a constant dollar basis) increased 16 percent to more than $10trn.
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Payments

Is The End Nigh For 90-Day SCA?

The European Banking Authority has launched a public consultation on the amendment of its regulatory technical standards on strong customer authentication and secure communication regarding the 90-day exemption — a notorious bugbear in the revised Payment Services Directive (PSD2).
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Payments
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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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