Regulation - page 2

News

ECB Says About Need of New Rules for AI’s Use in Finance

The process of introducing and using artificial intelligence in the functional environment of financial services is currently at an early stage in terms of prevalence and does not belong to the category of generally accepted or widespread practice, but needs monitoring and possibly regulation to prevent potential harm to consumers and ensure conditions for proper […]

Articles

Is FXIFY a Scam? Addressing Your Concerns

Online trading and the feeling of skepticism are often close at hand. This is especially true when it comes to prop firms like FXIFY and the wide range of options available. It is natural for you as a trader to be cautious and inquire about the legitimacy of their chosen platform. In the case of […]

Fintech & Ecommerce

Behavioural Biometrics in Fintech: Revolution or Experiment?

When you deal with finances, secure authentication becomes a matter of the utmost importance. Biometric recognition was a revolutionary verification method that substituted passwords in many services, increasing both efficiency and convenience. Behavioural biometrics is now emerging as an alternative or supplement to fingerprints or iris scans. Is this next-gen biometric solution here to stay, […]

News

EU Starts Probe Into Meta, Apple and Alphabet

The European Union on Monday, March 25, announced the launch of an investigation into such technology giants as Apple, Alphabet, and Meta.

News

US Urges for Global AI Regulations at UN

The United States has introduced a resolution to the United Nations (UN) that promotes safe, secure, and trustworthy artificial intelligence systems.

News

US House Passes Bill to Force ByteDance to Divest TikTok

The United States House of Representatives on Wednesday, March 13, passed a bill according to which the Chinese company ByteDance, which owns TikTok, must divest the US assets of this short-video app within six months or face a ban.

News

Italy Privacy Watchdog Fines Unicredit

In Italy, the local data protection authority fined the bank UniCredit.

Science & Technology

Apple Makes Big App Store Changes in Europe

Apple is forced, in a sense, to weaken the symbolic fortress of the iPhone in Europe against the background of stricter regulatory requirements in this region.

Science & Technology

EU Watchdog Examines Microsoft’s Mistral AI Investment

Microsoft Corp. investments in Mistral AI will be analyzed by the antimonopoly authority of the European Union.

Articles

Toy Safety Matters: What Retailers Need to Know

When it comes to toys, safety is very important. For retailers, understanding the ins and outs of toy safety is crucial to maintaining customers’ trust and upholding ethical business practices. But if you’re new to toy retailing, then you’re in the right place. This article discusses regulatory issues, toy risks, testing and certification, retailers’ safety […]

Society & Lifestyle

FTC Fines Avast

Avast, a company specializing in developing cybersecurity software, has been fined $16.5 million by the US Federal Trade Commission (FTC).

News

Apple Set to Face EU Fine

Apple is facing a fine of about €500 million from the European Union as part of an investigation into the possible application of illegal practices by the technology giant against its music streaming competitors, including Spotify Technology SA.

Science & Technology

EU to Advance AI Act

As France and Germany withdrew their objections to the AI Act, the EU can proceed with the next steps required for implementing the regulation.

News

IMF Chief Says About Advantage of Late Fed Rate Cuts

The head of the International Monetary Fund, Kristalina Georgieva, said that the Federal Reserve and other major central banks face great risks if they decide to ease monetary policy too early.

News

Germany to Back EU AI Act

Germany intends to support the proposals of the European Union on the regulation of artificial intelligence after the Ministry of Transport and Digital Affairs abandoned its position of disagreement with the Law of this bloc of countries on AI.

Articles

How to Avoid Data Protection Fines in 2024: A GDPR-Centric Approach

In today’s digitally-driven world, particularly as we navigate through 2024, the significance of data protection is at an all-time high. With the enforcement of strict regulations like the General Data Protection Regulation (GDPR) in Europe, and similar legislations globally, businesses of all sizes are facing increased pressure to comply. Failing to do so can result in […]