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Vixio LinkedIn Live: A Regulatory Roundup of May's Payments News

This month’s episode dives into May’s regulatory updates across the UK, EU, Thailand, and the U.S., highlighting developments in consumer protection, financial inclusion and cybersecurity.

This month’s episode dives into May’s regulatory updates across the UK, EU, Thailand, and the U.S., highlighting developments in consumer protection, financial inclusion and cybersecurity.

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Our Vixio Live series is your monthly window into the complex world of compliance and regulations, where our experts use our Horizon Scanning tool to review the biggest regulatory changes that have happened during the previous month.

In this episode, Vixio experts Luke Baker, Jimmie Franklin, and John Gidla, examine the regulatory updates across various regions in May 2024.

Highlights include:

  • In the UK, significant regulatory changes include proposed amendments to the Payment Services Regulation aimed at combating authorised push payment fraud and new rules on account terminations to enhance consumer protection.
  • The EU is also active with the implementation of regulations like MICA and DORA, which are tightening standards across various areas, including cybersecurity and digital operational resilience.
  • In Thailand, new rules for virtual bank licences aim to boost competition and financial inclusion, while India introduced directives for credit card issuers to offer more network options to consumers.
  • In the US, the Consumer Financial Protection Bureau has capped credit card late fees and a significant lawsuit against Apple could reshape the digital payments landscape, potentially fostering competition and impacting the future of super apps.

“Vixio GamblingCompliance is an important string to our bow in helping us to be as effective as possible in supporting our partners. The understanding that the team at Vixio have of global gambling regulation is tough to match in their field, and their ability to effectively communicate this knowledge is a big help for our team as we continue to expand globally. Regulatory and compliance teams of any size or experience can benefit from the expertise Vixio brings to the table, and they have helped us to stay abreast of developments and maintain the high standards we have set for compliance and integrity.”

Tommaso Di Chio

SVP Regulatory Affairs
and Compliance at Kambi

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