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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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Visa UK Announces Major Push Into Account-To-Account Payments

Visa has announced plans to launch a proprietary solution for account-to-account payments in the UK, with support from major banks and fintechs.
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Payments

Wynn Forfeits $130m After Federal Probe Into Illicit Money Transfers

In a further sign of escalating federal enforcement of anti-money laundering violations by U.S. casinos, Wynn Resorts has agreed to forfeit a record $130m to avoid charges related to illegal money transmissions to facilitate gambling by foreign players at its flagship resort in Las Vegas.
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Gambling

U.S. Social Media Posts Broke Gambling Trade Group's Code, Study Says

A new academic study suggests that leading U.S. online gambling companies are not complying with voluntary codes for including safer-gambling messages for ads on social media, even though the companies meet those standards in paid-for advertising.
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Gambling

Missouri Judge Keeps Sports-Betting Measure On Ballot

A Missouri judge has ruled that a ballot measure to permit sports betting may remain on the ballot despite a legal challenge that attempted to invalidate it.
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Gambling

U.S. Agency Seeks Emergency Ruling To Block Election Betting Contracts

The U.S. Commodity Futures Trading Commission has filed an emergency motion to block Kalshi, a financial exchange and prediction market, from offering election betting contracts in the wake of a court ruling in the company's favor.
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Gambling

ECB Argues For More Limited Role In EU Open Finance Legislation

The European Central Bank (ECB) has shared concerns about elements of the EU’s Financial Data Access Regulation (FIDA), which will pave the way for data sharing beyond payments in the trading bloc.
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Payments

Regulatory Influencer: Israel's Regulator Eyes Innovation and Competition Through New Payments Law

The Bank of Israel (BoI) has enabled new domestic and international non-bank participants to access supervised payment systems, where previously this access was only granted to banks.
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Payments

Week In Crypto: Trump Names CEO Of Tether Partner As Top Aide

Trump names a Tether partner as a leader of his transition team, Binance’s detained compliance executive begs for help in Nigeria, and a new report identifies the "most lucrative" crypto scams.
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Payments

UK Regulator Urges Banks To Improve Payment Accounts Access

The Financial Conduct Authority has issued a call to banks, building societies and payment firms operating in the UK to do more to provide access to bank accounts, particularly for those who currently lack one.
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Payments

Daily Dash: Three Wirecard Execs Ordered To Pay €140m In Damages By Munich Court

A bankruptcy court in Munich has ordered a €140m payout from three former Wirecard executives, while financial regulators in Qatar have announced the launch of the country’s first digital asset regulation.
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Payments

News In Brief: September 2-September 6, 2024

A hub for online gambling and cyber scamming operations is being forcibly closed down by a regional ruling military group in Myanmar.
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Gambling

Legal Challenge To Missouri Sports-Betting Measure Set For Hearing

A first hearing will be held Thursday on a lawsuit that seeks to block a ballot measure to permit sports betting in Missouri from being considered in November’s election.
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Gambling

Svenska Spel Given €176,000 Penalty Fee For Bingo Hall Machine Violations

The Swedish Gambling Authority (SGA) has issued government-owned Svenska Spel a warning and a 2m Swedish krona (€176,000) penalty fee for violations linked to gaming machines at bingo halls.
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Gambling

UK Regulator Proposes Dropping APP Fraud Reimbursement Cap To £85,000

The Payment Systems Regulator appears to have bowed to industry pressure over its incoming authorised push payment (APP) fraud reimbursement rules, keeping the date the same but significantly reducing the cap for reimbursement from £415,000 to £85,000.
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Payments

Daily Dash: Poland's BLIK Mobile Payments Platform Continues Slovakia Expansion

Poland's BLIK has announced that it can now be used to make e-commerce payments in Slovakia, while South Korea and Indonesia have agreed a launch date for a cross-border payments agreement using local currencies.
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Payments

California Financial Institutions Face Fraud Liability Overhaul

The California state legislature has approved Senate Bill 278 (SB 278), a measure aimed at bolstering protections against financial abuse targeting the elderly and vulnerable.
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Payments

PSR Proposes Dropping APP Fraud Reimbursement Cap To £85,000

The Payment Systems Regulator (PSR) appears to have bowed to industry pressure over its incoming authorised push payment (APP) fraud reimbursement rules — keeping the date the same but significantly reducing the cap for reimbursement from £415,000 to £85,000.
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Payments

Daily Dash: Stricter Regulations Needed For Cash Services, Says Sweden's Riksbank

The central bank of Sweden has recommended that cash services be protected by additional regulation, while Cambodia has announced the launch of a new cross-border payments corridor with South Korea.
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Payments

Payment Initiation Services The Key Focus As Saudi Arabia Unveils Latest Part Of Open Banking Framework

The Saudi Central Bank (SAMA) has officially released the second version of its Open Banking Framework, marking a significant step forward in the kingdom’s fintech landscape.
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Payments

Colombian Operators Raise Alarm Over VAT Plan

The Colombian government’s plan to apply value-added tax to online gambling threatens to make the sector “completely unviable”, according to a leading trade association representing local operators.
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Gambling
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Vixio View: The FCA’s Plans Shift to Data-Led Enforcement in 2026/27

Payments firms in the UK should see greater clarity and feel less regulatory burden, but must ensure their adoption of technology enables real-time, data-led compliance that supports consumer protection and operational resilience.
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Regulatory Framework - European Union Report

This Regulatory Framework - European Union Report provides a detailed overview of European Union legislations which apply to financial services. The report contains: A legislative landscape. The authorities framework. Definitions. Upcoming legislation. A regulatory landscape.
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Middle East Conflict is Stress Testing Global Payments and Accelerating Structural Trends

The war is acting as a catalyst for increasing digitisation and data sovereignty, with efficiency becoming less of a priority than resilience in the context of state-sponsored cyber targeting of critical infrastructure.
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Regulatory Influencer: The UK’s Incoming Enhanced Safeguarding Rules and Their Knock-On Effects

The UK’s Financial Conduct Authority’s (FCA) new safeguarding rules will come into effect on May 7, 2026. The upcoming changes will only relate to the interim rules introduced in the August 2025 policy statement (PS25/12) under the “Supplementary Regime”, which enhances safeguarding requirements under the Electronic Money Regulations 2011 (EMRs) and the Payment Services Regulations 2017 (PSRs).
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Vixio View: The FCA’s Payments Priorities Offer Clarity Rather Than Novelty – Except on AI

Although the priorities mostly emphasise the importance of effective execution and positive outcomes for consumers and the market, payments firms operating in the UK should note the warning that on-paper compliance is no longer enough.
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Regulatory Influencer: United States Advances Artificial Intelligence Governance Architecture for Financial Services

Rather than introducing sweeping artificial intelligence (AI) legislation, US policymakers are constructing a sector-based governance architecture for AI in financial services, built around voluntary frameworks, supervisory coordination and existing regulatory structures.
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US CBDC Ban and Stablecoin Compromise Point to Potential Digital Asset Framework

Following a Senate vote to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC), an agreement on stablecoin yields has established a boundary between passive interest and activity-based rewards.
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Singapore and US Frameworks Aim to Guide the Rapid Integration of AI

The initiatives contrast in approach and intent, but together signal a transition from abstract artificial intelligence (AI) theory towards concrete regulatory implementation and sector-specific oversight.
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Regulatory Influencer: DORA Year Two - Moving from Implementation to Application

Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (DORA) became applicable across EU member states on January 17, 2025. As we enter the second year of application, how has the regulation transformed the operational resilience of the financial sector in Europe?
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UK Court of Appeal Decision Means Continued Uncertainty on Interchange Fees

Permitting Visa and Mastercard to challenge the Competition Appeal Tribunal’s (CAT) previous ruling returns the UK payments sector to legal volatility, leaving the cost of card acceptance an unsettled question as regulators promote alternatives.
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