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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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Finland Police Fine Eurosport €800,000 Over Gambling Ads

Finland's National Police Board has fined television network Eurosport €800,000 ($929,000) over gambling advertisements in violation of rules protecting gambling monopoly Veikkaus, even though the broadcasts originated from outside Finland.
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Gambling

News In Brief: October 11-October 15, 2021

Michigan reports record monthly gross revenue for online gambling, abolition of Lithuania's flat tax for lotteries and gambling looms larger, and the European Lotteries boss weighs in on the EU's Digital Services Act.
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Gambling

Banks Find Agile Tools To Fight Agile Fraudsters During Pandemic - Sibos

As financial crime has skyrocketed during the pandemic, financial institutions have had to change the way they chase fraudsters. While machine learning can increase their agility in fraud detection, there is more to do in terms of cooperation, panelists at a Sibos session said.
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Payments

Fed Payments Modernization Moves Forward With E-invoice, Remittance Initiatives

The U.S. Federal Reserve and Business Payments Coalition (BPC) has announced plans to launch a pilot exchange framework for electronic invoices (e-invoices) and an initiative to improve electronic delivery of remittance information.
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Payments

Bankers Split On Implications Of CBDCs

The rise of central bank digital currencies (CBDCs) has left commercial and public sector banking officials dwelling on what the best move forward is and potential risks. Meanwhile, China continues to emerge as the most likely first mover. <br />
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Payments

UK Casino Docked £450,000 For AML, Responsibility Failures

The UK Gambling Commission has fined a Leeds casino £450,000 ($615,000) after a probe revealed social responsibility and anti-money laundering (AML) failures.
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Gambling

Australian Online Problem Gambling Rate Doubles In A Decade

A landmark Australian study on the prevalence and impacts of interactive gambling has given ammunition to governments to impose heavier restrictions on online gaming, with the rate of problem gambling doubling to 1.2 percent in ten years.
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Gambling

Signature Gatherers Accused In Florida Sports Betting Campaign

The DraftKings and FanDuel sports-betting campaign committee in Florida is no longer soliciting signatures at Florida International University (FIU) in Miami following reports of students being harassed on campus, a committee official said.
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Gambling

Minnesota Sports Betting Still Facing Strong Tribal Opposition

Minnesota lawmakers are expected to reconsider legislation next year that would legalize sports betting, but any bill likely needs the support of gaming tribes that oppose any form of gambling expansion.
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Gambling

Improving Cross-Border Payments As Much A Commercial Issue As Regulatory

Cross-border payment linkages are as beneficial to the private sector as they are to regulators and government, according to panelists at Sibos 2021. This comes after EBA Clearing, The Clearing House and SWIFT announced their new cross-border payments initiative.
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Payments

ISO 20022 To Move Sanctions Screening From Crime Detection To Prevention - Sibos

The rapid growth of electronic payments has increased the need for better sanctions screening. As interest in new technologies grows, the market is shifting its approach from “detecting” a suspicious payment to “preventing” it, experts said at Sibos 2021.
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Payments

Dip In PEPs, Rise In SARs, FCA Analysis Shows

A change in guidance has triggered a decrease in the amount of politically exposed persons (PEPs) being reported to the UK’s Financial Conduct Authority (FCA). However, analysis shows that there has been an increase in the number of Suspicious Activity Reports (SARs).
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Payments

Riksbank Says ’Do No Harm’ Is Guiding Principle For e-Krona CBDC

Leading in central bank digital currency (CBDC) experimentation, Sweden’s e-krona study is focusing on P2P, P2B retail payments while the country is considering the possibilities of potential offline use and paying interest on digital fiat deposits.
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Payments

Entain Says Only Half German Population May Get Online Casino

An Entain executive has estimated that about half of Germany's population will be eligible to access online casino games, although some states would be reserved for state monopolies.
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Gambling

Unintended Consequences Linger 15 Years After UIGEA Enactment

There may not be a better example of a federal statute creating the opposite of what Congress intended than the Unlawful Internet Gambling Enforcement Act (UIGEA), which President George W. Bush signed into law 15 years ago today.
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Gambling

U.S. Sports Betting Enjoys September Surge

September was a bumper month for the U.S. sports-betting market, particularly for bettors taking up generous bonuses at the start of the National Football League (NFL) season, if new regulator statistics in Indiana and Iowa are indicative of market-wide trends.
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Gambling

Ukraine Court Upholds Removal Of Regulator Accused of Graft

Ukraine's top anti-corruption court has removed the former deputy head of the country's gambling regulator after accusations of illicitly receiving $90,000 to process licences and permits.
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Gambling

Impact Analysis: How FATF’s Greylisting Will Affect Malta and PSPs

This analysis looks into the details of the Financial Action Task Force’s (FATF) decision to add Malta to its list of jurisdictions under increased monitoring (greylist), the reasons for it happening, the conditions FATF has set Malta for being delisted and the short- and long-term impact of the country being greylisted. The analysis will also look at how this will affect payment service providers (PSPs) headquartered and operating in Malta.
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Payments

Consultation Responses Reveal Divergence Of Opinion Over Faster Payments Consumer Protections

The UK Payments Systems Regulator has released the responses to its consultation on consumer protections of interbank payments, which reveal contrasting opinions on how Faster Payments can provide a competitive alternative to card payments while ensuring customers are adequately protected.
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Payments

Swish Migration To RIX-INST Opens New Chapter In Swedish Payments Success Story

Swedish mobile payments service Swish is planning to migrate its services to the new central bank-developed RIX-INST, as part of a wider development of instant payments services in the country.
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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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