08/06/2024
The AI Act directly affects business operating within the EU, whether they are providers, deployers, importers, distributors, or manufacturers of different AI systems.
08/05/2024
Connectivity was reestablished the following day following a review by an independent forensic auditing firm
08/05/2024
Of those who reported to Action Fraud, the average loss is over £9,400.
07/31/2024
One of the things the experience did not fully draw out but is on our radar as the Central Bank is that we need to strengthen the domestic payment system capacity
07/31/2024
Many crypto observers may be “overreading” the security regulator’s latest filing for its Binance lawsuit, meaning Solana and other tokens may not be off the hook yet.
07/31/2024
Among the changes included in the reforms was an increase in the minimum capital requirements for banks
07/31/2024
The compliance benefits of its advanced biometric system, and how the demands of the industry are set to evolve as fraudsters grow more devious by the day.
07/31/2024
Safecypher looks to address CNP fraud by enhancing CVV protection.
07/30/2024
There are a growing number of compliance platforms becoming available as RegTech becomes more accepted
07/29/2024
Separately, the regulators note that some banks have teamed up with third parties to deliver deposit products and services, such as checking and savings accounts.
07/29/2024
Weavr says it will lean into its partnership with Visa, which has been in motion since June last year, to deliver “several of these financial products”.
07/25/2024
The guidance provides a high level, easy to follow summary of AI tools in the market and outlines the risks and considerations in using AI for individuals, organisations and product designers, developers and providers.
07/25/2024
CETH allows investors the ability to gain exposure to Ether through their existing bank or brokerage rather than by holding Ether directly.
07/25/2024
Revolut now enters the ‘mobilisation’ stage, sometimes referred to as ‘Authorisation with Restrictions’, a common step for many new banks in the United Kingdom.
07/24/2024
Stablecoins also present concerns related to financial integrity, illicit finance, data privacy, cyber-security, consumer and investor protections, market integrity, fiscal stability, and macroeconomic stability.
07/23/2024
“A key element of our growth strategy is the expansion into virtual banking, and this licence represents important progress towards achieving that goal,” Law adds.
07/23/2024
The regulation of high risk / unacceptable risk AI systems is to be welcomed to the extent that it safeguards the consumer and leads to greater transparency concerning its use.
07/23/2024
This development means that Modulr can once again enlist A&D partners to issue electronic money on its behalf to expand the reach of its payment services.
07/22/2024
The authority said islanders should be "particularly cautious" of scammers trying to trick people using the the worldwide IT outage as part of their cover story.
07/22/2024
The regulator goes on to clarify that participants are “expected to comply with the sandbox requirements”