Blog
Governance & Responsibility in AI Adoption
"Adopting AI Responsibly", a guide by the World Economic Forum and GEP, aids businesses in ethical AI procurement. Amid a booming AI market, it underlines the need for transparency, accountability, and human-centric design, promoting socially responsible AI adoption.
ECB : Financial Sector Challenges & Regulations
ECB's Elizabeth McCaul discussed financial transitions: bank failures and inflation issues; shift in lending patterns; and digital transformation's impact on banking. Emphasized was the need for proactive risk assessments and preparedness for future challenges.
Uk Crypto Regulation: Financial Markets Bill updates
The UK's Financial Services and Markets Bill, initially including crypto regulations, is being reviewed in Parliament. Despite no significant crypto-focused changes in the latest amendments, the bill reflects growing interest in cryptocurrency's impact on financial markets.
BaFin's Compliance Focus: Financial Transactions
BaFin, Germany's financial regulator, is clamping down on unauthorized online financial services to protect investors and ensure market stability. Collaborating with law enforcement, BaFin encourages compliance checks via its database before online transactions.
What is the Open Finance Framework and how it will help Compliance?
The EU's Open Finance Framework facilitates financial data sharing, adhering to data protection rules. It empowers customers as data owners, promoting transparency and regulation compliance, fostering market competitiveness, and bolstering consumer rights.
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