Tag: European Union
Why the EU AI Act is ‘redefining financial decision-making’
The European Union's (EU) new AI Act took effect yesterday (2 February) and is set to lay the groundwork for how AI is handled...
BofE Governor says UK must ‘welcome opportunities’ to rebuild EU relations
Four years after the UK officially exited the European Union (EU), the Governor of the Bank of England (BofE), Andrew Bailey, has emphasised the...
Innovation beckons after Apple opens up NFC transactions
Apple has revealed that other developers will be able to offer near-field communication (NFC) transactions within their apps after years of exclusivity. Following the launch...
French financial authority encourages ‘early as possible’ MiCA preparation
French finance companies with interest in crypto are getting ready for the adoption of European MiCA regulations, as the country becomes the first to...
EU AI Act: Banks must be aware of high risk AI...
The EU AI Act comes into force today (1 August). The legislation is the first of its kind globally in governing Artificial Intelligence (AI),...
Montenegro bans Apple Pay and PayPal for online betting payments
Montenegro may have complicated its aspirations to join the EU by authorising strict new restrictions on payments for online gambling, including banning of the...
Apple reportedly set to face €500m penalty in EU antitrust ruling
The European Union’s (EU) legal clash with Apple is set to culminate in a hefty fine for the Silicon Valley giant, in a development...
Newly-proposed cybersecurity rules could affect cloud banking services in the EU
According to new recommendations by the EU Union Agency for Cybersecurity (ENISA), collective cybersecurity across the 12 gold stars requires a regulatory overhaul. The body...
EU’s MiCA bill vote delayed till April over ‘technical issues’
The European Union’s ground-breaking crypto regulatory bill, the Markets in Crypto Assets (MiCA), vote has been delayed until April. A source close to the bill...
EU outlines new rules for online credit protection
The Council and the European Parliament reached a provisional agreement on the credit directive to better protect consumers when applying for online credit. The revised...
