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As open banking evolves and extends to larger-scale open finance, it is rapidly emerging as a global phenomenon reshaping the financial ecosystem. Currently, nearly all of the countries in the world have some form of open banking initiative, each tailored to address local financial needs with differing regulations. Our new Open Banking Outlook takes a look at the benefits and challenges of open banking, recent key developments regarding open banking frameworks across the globe and where open banking is heading in the future.

The ongoing revision of the EU’s Payment Services Directive (PSD2) is a prime opportunity to address the challenges and ambiguity surrounding virtual IBANs, Belgian officials chairing talks among EU governments have said in documents seen by 91ÌìÌÃÔ­„“.

Bulgaria’s efforts to prevent money laundering and terrorist financing have received praise from MONEYVAL, while the Bank of Israel has launched a new developer challenge to find use cases for central bank digital currency.

The Nevada Gaming Control Board has issued a series of guidelines designed to expedite the evaluation of new gaming technology by agency staff.

The record-breaking sponsorship deal between online betting operator VaideBet and Brazilian football club Corinthians is now under investigation over the role of a suspicious intermediary.

Australia’s leading corporate bookmaker Sportsbet has escaped a fine from financial transactions watchdog AUSTRAC over anti-money laundering compliance failures, but will be closely monitored over a two-year remedial period.

Since the 2024 Missouri legislature has adjourned without an elusive agreement between lawmakers on legalizing sports betting, a ballot initiative is the only route left this year to bypass the legislative stalemate.

​​​​​​​The Swedish Gambling Authority won some appellate court cases this week and lost others, including a ruling upholding its penalties against five operators who were assessed more than €10m in total, but suffered defeat in its enforcement against payments company Zimpler.

The number of pathological and at-risk gamblers in Switzerland increased between 2017 and 2022, according to the country’s latest health survey.

Walmart has ended an exclusive credit card agreement with Capital One after a one-year legal battle and a court judgment in the retailer’s favour.

Payments companies have been invited to submit comments on draft guidance from the European Payments Council on mobile-initiated SEPA (instant) credit transfers.

Prime Minister Rishi Sunak’s decision to call a snap UK general election on July 4 has resulted in the long-awaited Data Protection and Digital Information bill falling, while the Home Affairs Select Committee has failed to sign off its inquiry into fraud.

Germany’s financial regulator has announced that N26 can return to onboarding new customers without limits, while Thailand’s securities regulator has opened a new consultation on a comprehensive digital asset bill.

The Illinois House has voted in favor of a sports-betting tax hike that will see some operators pay up to 40 percent of revenues to the state, and investors showed concern that other states could ultimately follow suit.

Prosecutors in the Taiwanese city of Taichung have arrested an alleged online gambling boss, a disgraced journalist and three others linked to a detained law enforcement official who allegedly sabotaged a probe into the illegal gambling operation.

Sportsbook operators in Illinois are facing a massive tax increase pending a final House vote that could happen as early as Tuesday.

Across the United States, the prominence and popularity of greyhound racing has declined steadily over the last 30 years as more states prohibit the ability to conduct and wager on races, leaving West Virginia as the only state with operating tracks.

With several elements of the UK white paper yet to be fully implemented, do suspended animation in Westminster and a potential change of government threaten these reforms?

The Bank for International Settlements' Committee on Payments and Market Infrastructures (CPMI) has published its work programme for the coming years, while the Swedish banking lobby has endorsed the proposed ban on gambling with a credit card, but also warned the government about likely challenges.

India’s largest food delivery and restaurant comparison site has ditched two payments licences after finding that the overall efficiency of the sector made its own foray "not commercially viable".