EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

Source: en.wikipedia.org

AI Regulations: Trump Repeals Biden’s Order, French Minister Critiques EU AI Act
AI Regulations: Trump Repeals Biden’s Order, French Minister Critiques EU AI Act
January 22, 2025  |  artificial intelligence

As expected, President Donald Trump repealed his predecessor Joe Biden’s 2023 artificial intelligence (AI) regulations on his first day in office. The former executive order...

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New Security Regulations Focus EU FIs on Third-Party Risk Management
New Security Regulations Focus EU FIs on Third-Party Risk Management
January 17, 2025  |  Cybersecurity

With the Digital Operational Resilience Act (DORA) now in effect, organizations must pivot from preparation to active compliance and ongoing risk management, That’s according to...

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SEPA Instant Payments Push Banks and B2B Payments Into the Future
SEPA Instant Payments Push Banks and B2B Payments Into the Future
January 09, 2025  |  B2B Payments

Innovation traditionally moves faster than regulation. Except, as it seems, when it sometimes comes to modernizing legacy banking and payments core infrastructure, where regulation can...

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Smartfin to Invest $257 Million in European B2B Tech Companies
Smartfin to Invest $257 Million in European B2B Tech Companies
January 09, 2025  |  Investments

Growth equity investor Smartfin has closed a new growth fund at 250 million euros (about $257 million), saying it will focus on growth-stage B2B technology companies...

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EU’s Instant Payments Deadlines Loom With Challenges for X-Border Payments
EU’s Instant Payments Deadlines Loom With Challenges for X-Border Payments
January 08, 2025  |  Real-Time Payments

Instant payments in the European Union will reach a milestone Thursday (Jan. 9). That’s when banks and payment service providers must be able to receive...

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PSD3’s Global Reach Brings US Financial Firms New Compliance Challenges
PSD3’s Global Reach Brings US Financial Firms New Compliance Challenges
January 06, 2025  |  Bank Regulation

The newest update to the Payment Services Directive, PSD3, has been two years in the making, and final guidelines are expected to come this year....

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Visa and Qashio Partner on B2B Travel Payments Solution
Visa and Qashio Partner on B2B Travel Payments Solution
January 06, 2025  |  Travel Payments

Visa and spend management solution provider Qashio have partnered to launch a B2B travel payments solution in the United Arab Emirates (UAE), the Middle East and...

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Italian Authority Fines OpenAI $15.6 Million for Alleged GDPR Violations
Italian Authority Fines OpenAI $15.6 Million for Alleged GDPR Violations
December 20, 2024  |  Legal

OpenAI said Friday (Dec. 20) that it will appeal a fine imposed by an Italian authority that alleged that the company violated the European Union’s...

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PragmaGO to Expand B2B Embedded Finance Services After Omnicredit Acquisition
PragmaGO to Expand B2B Embedded Finance Services After Omnicredit Acquisition
December 06, 2024  |  Acquisitions

Polish FinTech PragmaGO has completed its acquisition of Romanian FinTech Telecredit IFN (Omnicredit), saying this move will help the company enter more markets in Central, Eastern...

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