Payments NEWS

FATF implements new ‘grey list’ rules to aid developing nations 

The Financial Action Task Force (FATF) has introduced reforms to its grey list criteria, designed to offer more leniency to lower-capacity countries. The grey list, which highlights nations requiring heightened monitoring for money laundering and terrorism financing risks, is being overhauled to prevent the undue penalisation of economically weaker jurisdictions.

Philippine official optimistic on FATF grey list exit   

The Philippines’ Department of Justice (DOJ) has expressed optimism about the country's chances of removal from the Financial Action Task Force (FATF) grey list, following nearly five years of heightened monitoring.

Macau, Hong Kong accelerating toward digital currency adoption  

China’s Special Administrative Regions (SARs), Macau and Hong Kong, are making headways in the development and implementation of their respective digital currencies. These initiatives mark a crucial step in modernising their financial systems.

Rivalry reports record margins for Q2 2024

iGaming operator Rivalry, licensed in the Isle of Man with headquarters in Canada, has released its financial results for Q2 2024. All figures are reported in Canadian dollars. "At Rivalry, our strategy has centered on two primary growth areas: the expansion of cryptocurrencies through tokenization and targeting VIP customers. In tandem with these efforts, we are meticulously managing working capital, optimizing our teams, and reducing costs in non-core areas," stated Stephen Saltz, co-founder and CEO of Rivalry. "Our focus on enhancing margins is yielding positive results, reflected in two consecutive quarters of record performance."

Meet the SiGMA East Europe 2024 exhibitors

The SiGMA East Europe Summit is in full swing, with over 200 exhibitors showcasing their brands at Hungexpo, the largest exhibition venue in Budapest. Each booth, like each company, is unique, but they all share a common goal - to tell their story. This article highlights the growth of iGaming market participants with Eastern Europe global interest. There are stories from representatives of a payment system, a niche provider, experienced developers of sports platforms and anti-fraud solutions, the creator of the first crash game, and his competitor.

Mobile and Crypto Payments Drive Innovation – SiGMA East Europe 2024 Panel

For the first time in SiGMA Summit history, presentations and panel discussions were led by Russian-speaking professionals. The second day of SiGMA East Europe 2024 kicked off with a panel titled "Mobile and Crypto Platforms Fuel Innovation," featuring Katerina Shepetenko from Legal Pilot, Elena Sabelnikova from APSmoney, and Forbes contributor Alexander Belov. The discussion was moderated by Alexey Rozhkov, CEO of MoneyGate. The panelists discussed key aspects of securing mobile and crypto payments and explored current trends in the payments industry.

New Jersey leads Pennsylvania in online poker revenue

Recent revenue data indicated that over the past three years, New Jersey's online poker sites have consistently outperformed those in Pennsylvania.

Revolutionising iGaming payments, Infipay Tech exec elaborates  

As the gaming industry transitions from traditional casino floors to online platforms, the associated risks have evolved. In an interview with SiGMA News, Ariyo Aboumahboub, Chief Business Development Manager of Infipay Tech, took a deep dive on security and trends in iGaming payments.

AGTech gains approval for controlling stake in Ant Bank (Macao)  

AGTech Holdings Limited, a lottery and integrated technology company, has received the green light from Macau regulators to attain a controlling stake in Ant Bank (Macao) Limited. In a press release, AGTech confirmed the regulatory approval for its acquisition through a share transfer and capital injection, positioning the company as the majority shareholder of Ant Bank.

Macau to criminalise unlicenced money exchange in casinos   

The Macau government is set to introduce a new provision in its gaming laws to criminalise unlicenced money exchange activities within casino premises. This marks a shift in the city’s stance on gambling-related crimes. The proposed law targets individuals conducting unauthorised money exchanges in casinos, including non-gaming areas such as hotels and entertainment complexes, with penalties of up to five years in prison.