Tag: european regulation

76% of EU banks to up tech spend to comply with new regulation | Bank Automation News

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European banks are preparing their tech stacks to comply with Instant Payment Regulation, which were set in motion on April 8. The European Parliament and European Council, which provide the foundation for the single euro payments area (SEPA), published the Instant Payment Regulation March 14. The regulation states that European banks must be able to […]

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Whitney McDonald

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April 10, 2024
EU AI Act deal | Bank Automation News

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The European Parliament and European Council reached a deal Friday on AI regulation to protect consumers from high-risk uses of the technology while promoting innovation in a controlled environment. The deal could become the international benchmark on AI. The EU AI Act, proposed in June, sets the ground rules for uses of general-purpose AI, according […]

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Whitney McDonald

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December 11, 2023
Proposed legislation would regulate AI adoption in EU | Bank Automation News

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The EU AI Act, proposed in June after two years of talks, could have implications on how financial institutions across Europe use and implement AI. With the passage of the act, expected this year, the EU would be the first bloc in the world to regulate AI to ensure better conditions for the development […]

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Vaidik Trivedi

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August 14, 2023