Tag Archives: UK Finance

UKGC long-term projects bolstered by ICO data assessment

Sarah Garnder: UKGC consultation conclusions due this summer

The UK Gambling Commission (UKGC) has welcomed the appraisal of the Information Commissioner’s Office (ICO) which backs the need for data collaboration to protect gambling consumers better. Yesterday the ICO published its response to a query by financial services trade body UK Finance on the legal boundaries of data collaboration between gambling and financial services firms.   The ICO, which serves …

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ICO backs data-sharing projects for UK gambling

SBC News ICO backs data-sharing projects for UK gambling

The Information Commissioner’s Office (ICO) has outlined its support for the financial sector to deepen its data collaboration with UK licensed gambling operators. The UK’s independent body on data rights, privacy and protections has responded to a query by UK Finance, the trade body for UK financial services, in which it asserted that data laws should not stop gambling firms …

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FCA new marketing rules raise concerns on cooling crypto competition

SBC News FCA new marketing rules raise concerns on cooling crypto competition

The Financial Conduct Authority (FCA) has this morning published tough new rules on the marketing of cryptoassets, required to protect UK consumers by clarifying the risk of investing  in digital assets. The new rules on marketing cryptoassets follow extensive FCA research provided to the Government for the consultation on the ‘Future Regulatory Regime for Cryptoassets’. From 8 October 2023, firms …

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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

SBC News 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

SBC News 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

SBC News 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

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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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