Tag Archives: UK Finance

Mikael Lijtenstein: Tapping into the UK’s rapidly evolving payments sector

Mikael Lijtenstein: Tapping into the UK’s rapidly evolving payments sector

Mikael Lijtenstein recently revealed that AstroPay would be strengthening its presence in Europe, with the UK highlighted as a key target market. Speaking to SBC News, the AstroPay CEO delves further into the reasons why the UK presents a “window of opportunity” for its products before addressing why technology and payments solutions must “keep up with ever-changing user preferences”. SBC: …

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Sarah Gardner: No customer viewpoint impacts UKGC’s understanding of public vulnerabilities

Sarah Gardner, acting Chief Executive of the UK Gambling Commission (UKGC), believes deeper collaboration is required between public bodies and business institutions to tackle the obscure risks of vulnerability faced by the general public. Gardner addressed the ‘The Shard Financial Vulnerability Summit 2021’, speaking to its virtual audience on ‘reducing risks and tackling harms’, in which she provided a first-hand account …

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UKGC provides full evidence disclosure on credit card ban

The UK Gambling Commission (UKGC) has published its full consultation and evidence disclosure on its decision to ban gambling credit card transactions from 14 April 2020.  A key 2020 judgement, The Commission stated that its review had been undertaken focusing on the objectives of its ‘Business Strategy 2018-2021’ – to protect the interests of consumers, raise all-round industry standards and …

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Neil McArthur: Finance industry has a key role to play in player protection

Neil McArthur, the chief executive of the UK Gambling Commission (UKGC), has urged the UK finance industry to join a ‘multi-sector collaborative approach’ to tackle gambling-related harms, stating that ‘there is always more that can be done’ to protect vulnerable customers. Building on the previous efforts to ban gambling with credit cards, the UKGC CEO addressed the ‘important role’ that …

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GambleAware urges UK Finance to get strict on Gambling Blockers

MontBleu Casino Resort & Spa in South Lake Tahoe

GambleAware has this morning published insights from research it commissioned on public uptake and effectiveness of bank card ‘gambling blockers’. The charity sanctioned researchers from the University of Bristol’s ‘Personal Finance Research Centre (PFRC)‘ to evaluate the effectiveness of blockers and its potential as a tool to prevent gambling harms. The PFRC’s research estimated that at present 60% of UK …

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UKGC enforces credit wagering ban as ‘technical focus’ continues

Neil McArthur

The UK Gambling Commission (UKGC) has maintained its 2020 regulatory agenda by implementing its outright ban on credit card wagering across all gambling verticals, enforced from Tuesday 14 April. The anticipated ban on all credit transactions was approved this January, marking the Commission’s first industry-wide regulatory enforcement for 2020 proceedings. In its January announcement, the Commission underlined that a blanket …

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UKGC confirms credit card ban inbound for 14 April 2020

Neil McArthur

Issuing its first regulatory enforcement of 2020, the UK Gambling Commission (UKGC) has this morning confirmed that it has sanctioned its widely anticipated ban on credit card transactions carried across all UK gambling verticals. The Commission plans to implement its credit card ban from 14 April 2020, giving licensed incumbents three months to undertake all necessary adjustments. Citing that UK …

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UKGC plays key role in developing government’s ‘Economic Crime Plan’

consultation

The UK Gambling Commission (UKGC) has supported the publication of the government’s new ‘Economic Crime Plan 2019-2022’, setting out the UK’s strategic priorities and agenda for combatting economic crimes threatening UK industry. Established by new government task force the ‘Economic Crime Strategic Board’, and backed by the UK Treasury and Home Secretary, the crime plan covers ‘7 priority areas’ for …

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UK Finance joins efforts to support responsible gambling

UK Finance, a trade association for the UK banking and financial services sector, has vowed to join the efforts in combating problem gambling, after the UK Gambling Commission had announced the launch of its consultation on using credit cards to gamble. The gambling regulator has supported the idea that consumers should not have the ability to gamble with money that …

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