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”
07/19/2024
The judge said the 18 months Anatoly Legkodymoc had already served in Brooklyn’s “terrible” MDC was enough punishment.
07/18/2024
The proposed regulatory requirements and implementation arrangements received general support from respondents, with some further enhancements suggested in the submissions.
07/18/2024
The agreement was set into motion the following July.
07/17/2024
This platform facilitates access to their account information at all times, enables management of their accounts efficiently, and provides instant monitoring of transactions to and from government entities.
07/16/2024
Nikhil Rathi, chief executive, FCA, says: "The UK is seeing a seismic shift in how people pay, as digital wallets become a part of everyday life for many people.
07/16/2024
For added security the service performs a Confirmation of Payee (CoP) check requiring the recipient’s name to match that on the name on the bank account holder before the payment is transferred.
07/15/2024
The AI Act cleared the legislative process in May, ahead of the European Parliament elections, and has now been published in the Official Journal of the EU.
07/15/2024
The public is also encouraged to verify the authenticity of social media posts and report any suspicious activities.
07/15/2024
The meeting took place last week was intended to offer the chance to exchange views on copyright and AI and the possible need for regulatory action.
07/12/2024
While the regulator relaxed measures this year for some of the firms, it has warned that the pressure won’t let up for those that don’t improve controls.
07/11/2024
In a statement, the FNTT says "the identities of the company's customers were not properly determined and checked intentionally, in order not to lose a significant part of the income".