Monthly Archives: December 2018

2019 Sports Betting Preview: Will Congress Enact Federal Standards For Legalized Sports Gambling?

As predicted, a landmark Supreme Court decision on sports betting has created a frenetic period over the latter half of 2018 the likes of which the gaming industry has never seen.

A bevy of states have pushed through legislation in attempts to capitalize on a first-mover advantage over their neighbors. Established companies in mature markets such as the U.K. and Australia have made inroads into the U.S. in hopes of securing a slice of a pie estimated as much as $10 billion in the coming years. At the same time, prominent commissioners at the major professional sports leagues in North America have moved quickly to establish relationships with the top sportsbooks nationwide as a longstanding debate on intellectual property rights for official sports betting data festers.

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The Role Of Verified Digital Identities In The Open Banking Ecosystem

Digital identity, as it’s currently known, is a method of protecting an individual, organization or group of devices against fraud online. The information stored in your digital identity can be accessed and authenticated by you as the owner of the digital identity or by a third party that you have granted access, such as your bank. Digital identity is an important tool for securing your information online, including your personal information and the details of a transaction.

The European Banking Authority (EBA) recently released new guidelines on open banking systems, which named data security a top priority as banks will begin to share their customers’ financial information with other authorized providers. Once they receive that authorization, fintech companies can act on behalf of customers. That means companies can use customers’ data as long as they meet the requirement for strong customer authentication and authorization. While open banking represents a step forward for financial institutions, data and customer identity must remain the highest priority.

Read the full article here.