Insights on embedded finance, instant payments, licensing, card issuing, crypto and payouts.
Affiliates marketing gambling brands are refused banking by name. The EBA's 2025 risk opinion logs ten de-risking weaknesses EU-wide in three years, and never mentions gambling in sixty-nine pages.
Verification of Payee became mandatory for euro-area banks in October 2025. A carve-out for bulk files means most corporate payout runs were opted out by default — probably including yours.
You hold the licence. Then a choice: build, licence a platform, or run the programme on someone else's stack. Four supervisory readings of that decision — and they disagree with each other.
Under MiCA, an EMI is one of only two entities that can issue an e-money token to the public in the EU. Eighteen of the 21 issuers on ESMA's register are EMIs. The US route is a different story.
Why we started this blog: practical insights on embedded finance — instant payments, licensing, card issuing, crypto and payouts — from the team building HOPPA.
