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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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Australian Treasury Minister Calls For 'Reset' Of Open Banking Rollout

An Australian Treasury minister has called for a "reset" of the country’s open banking rollout, after admitting that the compliance costs associated with the required changes are "too high".
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Payments

Daily Dash: Malaysian Regulator Fines Two Banks For Downtime During Outages

Malaysia imposes fines on two banking heavyweights for violating the country’s stringent rules against unplanned downtime in financial services, while India central bank has warned that retail CBDC could threaten bank deposits.
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Payments

News In Brief: August 12-August 16, 2024

MGM inks a joint venture in Brazil and US gaming grows again for the 14th quarter in a row.
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Gambling

New York Senator Frustrated By Opposition To Expedited Casino Licensing

A bill to accelerate the licensing process for three new casino-resorts in downstate New York appears unlikely to take effect by the end of August, frustrating its sponsor who wanted regulators to begin accepting license applications by the end of the month.
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Gambling

Austrian Ruling More A Risk To Operators Than Gamblers, Says Litigation Funding Firm

A recent Austrian Supreme Court ruling determining that a player had to return their winnings to an online casino without a local licence represents more of a risk to operators than Austrian gamblers, according to a firm that is funding litigation to reclaim gambling losses from offshore companies.
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Gambling

Apple's Battle With EU Regulators Could Reshape Mobile Payments In The US

Tech behemoth Apple’s ongoing legal battle with California-based video game developer Epic Games could potentially reshape the mobile payments sector in the US. Although the dispute is taking place in the EU, the outcome could have implications that go far beyond Europe.
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Payments

Philippines Introduces New Licence Requirement For Merchant Acquirers

The central bank of the Philippines has mandated that firms intending to carry out merchant acquiring activities must obtain a specific licence from the regulator.
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Payments

Daily Dash: Singapore Partners With Major Banks To Study Quantum Security

Regulators in Singapore have begun taking steps to protect the financial sector from quantum computing technology, while Hong Kong has launched a new sandbox for Gen AI use cases in financial services.
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Payments

DraftKings Scraps Customer Surcharge Plan After FanDuel Pass

Just hours after primary competitor Flutter announced that it would not follow DraftKings' lead in instituting a customer surcharge in high-tax U.S. jurisdictions, DraftKings said it would abandon its plan to enact the charge entirely.
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Gambling

Missouri Sports-Betting Initiative Approved For November Ballot

Missouri voters will have the opportunity to legalize sports betting this November after state officials approved a petition Tuesday to put the issue to a ballot initiative.
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Gambling

Greek Betshop Customers To Be Compensated After Accounts Are Seized

The Greek gambling regulator has said it will give back money seized in player accounts as a part of its legal action against operator Betshop. 
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Gambling

Regulatory Influencer: European Commission Releases Q&A Clarifying IPR Requirements

The European Commission has released a Q&A clarifying the Instant Payments Regulation (IPR), which requires EU payment service providers (PSPs) to offer instant payment services 24/7.
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Payments

UAE To Create Two New Agencies To Fight Money Laundering

After spending two years under increased monitoring by the Financial Action Task Force (FATF), the United Arab Emirates (UAE) is aiming to ensure that it does not return to the greylist by establishing two new authorities.
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Payments

Latvia Readies Itself For EU's DORA And MiCA Regulations

Marine Krasovska, head of the financial technology supervision department at Latvijas Banka, explained to Vixio how the country is preparing for the implementation of key EU regulations.
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Payments

UAE Creates Powerful AML Committees, Bureaucracy

The United Arab Emirates (UAE) is reinforcing its growing reputation for fighting money laundering by creating two high-powered committees to steer policy and enforcement, while cracking down on illicit trade.
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Gambling

Brazil Licensing Rush Begins Ahead Of Application Deadline

A late rush of applications is expected as the clock ticks down to an August 20 deadline for established operators to step forward for a federal licence in Brazil.
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Gambling

U.S. Gaming Industry Cautious Over Plan To Ban Sports-Event Contract Trading

The legal sports-betting industry has cited both concerns and potential opportunities in letters submitted to a federal regulator over a proposed rule that would prohibit regulated exchanges from listing certain contracts not in the public interest.
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Gambling

Brazil Senate Debates Land-Based Gaming Expansion

Brazil’s Senate battled it out over a sweeping gaming expansion bill during a thematic debate last week, with various parties demonising or advocating for the regulation of the rest of the gambling industry following the legalisation of online betting and casino games.
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Gambling

US Financial Crime-Fighting Agencies Secure 'Crucial' Budget Boost

Key financial regulators in the US are set to receive a budget boost in 2025, as the lawmakers look to strengthen the nation’s financial crime-fighting capacity.
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Payments

Daily Dash: European Commission Opens New Consultations On eIDAS 2

The European Commission is seeking feedback on new proposals for the bloc’s electronic identification and trust services (eIDAS), while Russia is seeking feedback on new measures to protect information exchanged during money transfers.
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Payments
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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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