EMEA

Battle Lines Being Drawn Between Open- and Closed-Source Goals for AI Regulation
Battle Lines Being Drawn Between Open- and Closed-Source Goals for AI Regulation
January 08, 2024  |  artificial intelligence

Artificial Intelligence (AI) systems have added a new layer to the ongoing and increasingly philosophical debate about whether open-source or proprietary systems are better for...

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European Banks’ Returns Set to Outdo American Counterparts
European Banks’ Returns Set to Outdo American Counterparts
January 08, 2024  |  Banking

Europe’s banks are reportedly set to have a much better year than their U.S. rivals. The KBW Bank Index, made up of the top 24...

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Cryptocurrency Exchanges Implement Measures to Meet UK Regulations
Cryptocurrency Exchanges Implement Measures to Meet UK Regulations
January 05, 2024  |  Cryptocurrency

Cryptocurrency exchanges Coinbase, Crypto.com and Gemini have implemented risk assessments and finance tests for their users in the United Kingdom.  These measures are a response to new regulations set by...

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ECB Drafts First Chapters of Digital Euro Rulebook
ECB Drafts First Chapters of Digital Euro Rulebook
January 05, 2024  |  CBDC

The European Central Bank (ECB) Rulebook Development Group (RDG) has drafted the first chapters of a digital euro rulebook. This first draft follows the legislative...

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EU Regulators Investigate Bank and Shadow Bank Connections
EU Regulators Investigate Bank and Shadow Bank Connections
January 03, 2024  |  Banking

Regulators in Europe are reportedly probing the ties between banks and non-bank financial institutions (NBFIs). This investigation is borne out of concerns about possible contagion due to...

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Wirecard’s Insolvency Manager Files Lawsuit Against EY in Germany
Wirecard’s Insolvency Manager Files Lawsuit Against EY in Germany
December 29, 2023  |  Legal

Wirecard’s insolvency manager, Michael Jaffé, filed a lawsuit in a court in Stuttgart against accountancy firm EY. The lawsuit claims 1.5 billion euros (about $1.66...

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EU Digital Chief Margrethe Vestager Says AI Act Enhances Innovation
EU Digital Chief Margrethe Vestager Says AI Act Enhances Innovation
December 29, 2023  |  artificial intelligence

The European Union’s (EU) competition and digital chief, Margrethe Vestager, has come forward to defend the EU’s landmark law on artificial intelligence (AI). Following criticism...

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Medius Launches AP Automation Partnership With UK VARs
Medius Launches AP Automation Partnership With UK VARs
December 28, 2023  |  B2B Payments

Accounts payable (AP) automation provider Medius has launched partnerships with several British value-added resellers (VARs). The collaborations, announced last week, involve partners that are experts in enterprise resource planning...

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Report: Israeli Tech Funding Dips Amid War but Investors Remain Committed
Report: Israeli Tech Funding Dips Amid War but Investors Remain Committed
December 28, 2023  |  Investments

Israel’s conflict with Hamas hasn’t scared off investors. Israeli tech companies raised $1.5 billion during the fourth quarter, Reuters reported Thursday (Dec. 28), citing data...

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