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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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UK Legislator Urges Government To Act On AI

In a new interview with Vixio, Lord Holmes of Richmond, a leading voice on technology and financial services in the UK parliament, urged the new Labour administration to introduce AI legislation to ensure legal certainty.
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Payments

Ex-Veikkaus Executive Calls For Finland Bonus Ban Rethink

An ex-Veikkaus executive has called on Finland’s government to drop the planned ban on bonuses and affiliates included in the draft legislation that would open the market for the first time.
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Gambling

Slot Machine Manufacturers Await Overturning Of Mexico Decree

Mexico’s prohibitive 2023 decree essentially banning slot machines and online casino games should be overturned in court within the next few months, according to Mexican legal experts.
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Gambling

Influential Australian Ex-PM Intervenes Against Online Ads

Australian’s longest-serving prime minister in the modern era has intervened in the gambling advertising debate, backing a full ban amid public and politician anger over reports of softening government policy.
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Gambling

Pennsylvania Casinos Continue Campaign Against Skill Games

In the wake of a new lawsuit filed by Pennsylvania casinos, the chief executive of Penn Entertainment has pledged his company’s continued opposition to the proliferation of skill-game devices that “sound, look and smell” like slot machines.
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Gambling

News In Brief: August 5-August 9, 2024

Penn boss says the company has no plans to follow DraftKings in adopting a surcharge, for the time being.
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Gambling

Australian Confirmation Of Payee Service Edges Closer

The design phase of Australia's innovative Confirmation of Payee service has been successfully completed, with new compliance requirements for firms from next year.
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Payments

AI Could Bring 'Profound Changes' To Payments, Says ECB Official

Artificial intelligence (AI) could revolutionise market infrastructures and payments, a senior official at the European Central Bank (ECB) has said, as regulators across the globe begin to intensify their focus on the phenomenon.
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Payments

Regulatory Influencer: India’s Master Directions on Cyber Resilience and Digital Payment Security Controls

The Reserve Bank of India has issued new master directions on cyber resilience and digital payment security controls for non bank payment system operators following an initial consultation in June 2023.The master directions impose a slew of cybersecurity implementation and reporting measures on payment system operators.
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Payments

Week In Crypto: Over 1,000 Alerts Issued Since FCA Promotion Rules Went Live

Crypto firms continue to flaunt the UK’s new rules on financial promotions, France opens applications for authorisation under MiCA, and Coinbase responds to allegations of campaign finance violations.
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Payments

Daily Dash: Singapore Parliament Passes Key AML Legislation

Singapore has passed a new bill that will make it easier to prosecute transnational money laundering cases, while Malta has revoked the licence of a payments firm that failed to appoint a CFO.
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Payments

Key State Regulators Reviewing DraftKings Surcharge Plan

Regulators in several key states where DraftKings intends to implement its new customer surcharge say they are looking into the plan, as further details as to how it will be implemented remain sparse.
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Gambling

Brazil's Advertising Ordinance Holds Influencers To Account

Brazil’s Prizes and Betting Secretariat has responded to a media firestorm around influencers promoting popular casino games such as Fortune Tiger through the publication of a regulatory ordinance that addresses both responsible gaming and advertising in one. 
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Gambling

US Senator Calls For Investigation Into 'Mishandling' Of Zelle Fraud Claims

A US senator has called on the Consumer Financial Protection Board to investigate dispute resolution practices at Zelle, the largest peer-to-peer payments network in the US.
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Payments

Indian Payments Regulator Gives All-Clear After Ransomware Scare

A major technology provider hit by a ransomware attack last week is back online again, after being briefly cut off from India’s retail payment system.
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Payments

'Screw the ECB': Industry Questions ECB Verification Of Payee Plans

The European Central Bank (ECB) has said it may offer a verification of payee service, sparking frustration across the industry.
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Payments

Daily Dash: US Corporate Whistleblowers Could Cash In Under New DOJ Pilot

The US Department of Justice (DOJ) has begun piloting a new scheme that will financially reward corporate whistleblowers, while the Hong Kong financial regulator has proposed renaming "virtual" banks as "digital" banks.
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Payments

Nevada Revising Past-Posted Sports Bets, Ownership Reporting Regulations

Sports-betting operators in Nevada are a step closer to receiving final regulatory clarity over the rescission and acceptance of retail and online wagers, after gaming regulators granted initial approval to amendments to regulations overseeing the state’s bookmaking business.
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Gambling

Tribes Concerned After U.S. Supreme Court Strikes Down Chevron Decision

The U.S. Supreme Court’s recent decision to overturned long-standing precedent that instructed lower courts to defer to federal agencies when laws passed by Congress were not clear have tribes concerned they are vulnerable to legal challenges.
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Gambling

UK-Style Mandatory Reimbursement 'Not Fit For Purpose' In Australia, Says Minister

An Australian Treasury minister has rejected calls for a UK-style mandatory reimbursement model for scam victims, arguing that an industry code for key sectors offers a more "extensive" solution.
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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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