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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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EBA Suggests Re-Authentication Overhaul In Latest API Feedback

The European Banking Authority (EBA) has conceded that the 90-day account renewal rule has hindered customer retention for account information service providers and has announced that it will be making an amendment.
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Payments

News In Brief - October 21, 2021

Authorities in the UK, US and Switzerland fine Credit Suisse after financial crime blunder.
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Payments

FinCEN Working With Fintechs To Fight Crypto Exploitation - DC Fintech Week

Him Das, acting director of the Financial Crimes Enforcement Network (FinCEN), believes that protecting the U.S. financial system has to be a shared effort between fintechs and his agency. FinCEN is actively engaging with the industry to understand the potential exploitation of the technology.
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Payments

MPs Demand Clarity On FCA’s Five-Year AML Prosecution Of NatWest

The chair of the UK House of Commons’ Treasury Committee has written to the Financial Conduct Authority (FCA) requesting further information on the prosecution of NatWest for money laundering.
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Payments

U.S. Senators Rise Up Against Facebook’s Novi Pilot

Following numerous turns in Facebook’s plans to enter the digital payments market, the technology company is now launching a pilot for its digital wallet with Paxos stablecoin, but the move has sparked opposition from Democratic senators.
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Payments

Svenska Spel Backs Risk Classifications Above 'Special Moderation'

Swedish state-owned Svenska Spel has warned the government that applying alcohol-style restrictions on gambling adverts will lead to “unwanted consequences”.
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Gambling

Public Inquiry Concluded, Canadian Gaming Industry Awaits Money Laundering Report

After two years of testimony from around 200 witnesses and receiving closing submissions, a special commission is close to wrapping its high-profile investigation into the flow of millions of dollars in dirty money through British Columbia’s gaming industry.
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Gambling

FSB Chair Addresses Stablecoin And Climate Risks

The Financial Stability Board (FSB) is keeping a close eye on cryptocurrencies and climate-related complexities, Governor Randal K. Quarles has said in a speech.
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Payments

U.S. Treasury Releases Sanctions Review

Sanctions designations, a major headache for financial institutions, have increased tenfold during the last 20 years, a new U.S. Treasury review finds, reminding the digital asset space that they too must comply.
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Payments

Philippine QR Code Payment Expanded To P2M Transactions

Described as a milestone in the Philippines’ digital transformation journey, the expansion of the country’s QR payment service will enable merchants to accept payments for their goods and services across an interoperable payment network.
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Payments

Retail CBDC Is Foundation For Future Payment System - DC Fintech Week

The existence of a domestic instant payment system does not set aside use cases of a general-purpose central bank digital currency (CBDC), the Thai central bank governor said at DC Fintech Week.
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Payments

U.S. Treasury Grants AML Relief For Remote Registration

Federal anti-money laundering rules should not require U.S. sports betting or online casino operators to verify a player’s identity by inspecting a physical document upon opening an account, regulators have confirmed in a new ruling.
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Gambling

New York Mobile Sports-Betting Tax Set As High As 64 Percent

Operators bidding to offer mobile sports betting in New York could have to pay a tax rate as high as 64 percent on gross sports-betting revenues, according to a report on Tuesday.
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Gambling

Finnish PM Backs Budget To Cover Veikkaus Beneficiaries Shortfall

The Finnish government wants to set aside €332m in next year's budget to ensure non-government organisations do not miss out on any funding because of declining Veikkaus profits.
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Gambling

Dismissal Of Florida Challenge Of Seminole Compact Could Hurt Other Lawsuits

A federal judge’s dismissal of a lawsuit against the Florida-Seminole compact could set a damaging precedent for two other lawsuits against the compact in Washington, D.C.
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Gambling

HMT Payment Landscape Response Demonstrates Open Banking Sense Of Urgency

Open banking enabled payments could be a key driver of future competition between UK payments networks, but the adoption of such payments are still in the early stages, predominantly being used to make one-off payments, the government response to the Payments Landscape Review has cautioned.
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Payments

News In Brief - October 19, 2021

Hong Kong’s Faster Payment System experiences an outage over the weekend.
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Payments

Klarna Payments Circumvent Gambling Blocks, Says Gamban Co-Founder

Swedish fintech firm Klarna Bank has said customers cannot use any of its pay later or credit products to bet, but the co-founder of a gambling blocking software claims its direct bank transfer system circumvents personal account gambling payment blocks.
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Payments

Randell Steps Down — FCA And PSR Chair To Leave In Spring 2022

Charles Randell has asked the UK’s Chancellor of the Exchequer to begin the process of finding his successor — a year earlier than expected.
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Payments

U.S. Treasury Issues Report On Ransomware Trends And Sanctions Compliance Guidance For Crypto Firms

As part of a “whole-of-government” effort, the U.S. Treasury's new report finds an increasing threat from ransomware attacks, while it also offers guidance to help prevent the illicit use of virtual currencies by sanctioned persons.
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Payments
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Regulatory Influencer: Modernizing US AML – The Burden of 'Simplification'

After years of industry advocacy and growing acknowledgment from regulators that the current anti-money laundering (AML) framework is not operating as effectively as it should, two significant proposals signal where the future of AML compliance may be headed in the United States.
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India Considers Measures to Fight Rising Digital Payments Fraud

A Reserve Bank of India (RBI) discussion paper has proposed a series of measures to address rising fraud levels in digital payments and ensure that consumers adopting new modes of payment are not making themselves more vulnerable to scams.
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Revised EU Payments Regulation Package Moves Closer With Release of Draft Texts

Regulated firms across Europe can start to prepare in earnest for the new payments regulation framework, as the long period of high-level speculation ends and the roadmap for implementation becomes clear.
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Finland’s Crypto-Assets Ban Faces Long-Term Challenges

Finland’s new gambling laws ban crypto-assets to curb harm, yet this restriction may inadvertently drive players toward offshore sites, potentially clashing with EU MiCA regulations regarding digital payment parity.
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Regulatory Influencer: The GENIUS Act - From Statute to Supervision

With the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act enacted into law last year, federal regulators are now required to implement its final rules by July 2026. Ultimately, these rules will create a legal framework for stablecoins, a unique form of cryptocurrency designed to maintain a steady value through pegs to a reserve asset.
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New Cross-Border Strategy Moves FedNow From Closed Loop to Open Rail

The notice of proposed rulemaking on plans to open the instant payments service to private-sector intermediaries is a step towards permitting its use in cross-border transactions, bringing the US into line with a global trend.
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UK Government Seeks to Create Safe Space for Advancing Payments Technologies

The announcement of a package of measures intended to boost the UK’s competitive edge and modernise its payments services regulation offers limited novelty, but represents further evolution of the country’s regulatory environment.
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Vixio’s Verdict: Inside the UK FCA’s Open Finance Strategy

The Financial Conduct Authority’s (FCA) Open Finance Roadmap, published in April 2026, demonstrates the regulator’s commitment to open finance as part of its broader smart data strategy and signals early intent to engage with industry as it develops the relevant regulatory framework.
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CASS 15 Resolution Pack Checklist for FCA-Regulated Payment Institutions and E-Money Institutions

To help firms build and maintain a complete, accurate and readily accessible resolution pack, Vixio has created this guide, which breaks down the CASS 15 requirements into actionable workstreams that organisations can use to ensure their documentation is complete.
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Vixio View: The UK’s Crypto Perimeter Clarification – Mapping the Transition to FSMA

In Consultation Paper CP26/13, the Financial Conduct Authority (FCA) adds an extra level of granularity to its plans for the cryptoasset regulatory regime, aiming to avoid edge cases and provide clarity for affected entities.
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