PYMNTS-MonitorEdge-May-2024

European Parliament

Digital Transformation in EU Gets Push From New Instant Payment Regulations
Digital Transformation in EU Gets Push From New Instant Payment Regulations
February 08, 2024  |  Real-Time Payments

Digital transformation in the European Union got a big boost Wednesday (Feb. 7) when the EU Parliament adopted sweeping regulations aimed at improving the accessibility...

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EU Nixes Provisional Agreement on Reclassification of Gig Workers
EU Nixes Provisional Agreement on Reclassification of Gig Workers
December 22, 2023  |  Gig Economy

European Union (EU) member states have rejected a provisional deal aimed at reclassifying millions of gig workers as employees. Officials from Spain, the current holder...

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Aleph Alpha Secures $500 Million in Funding to Challenge OpenAI
Aleph Alpha Secures $500 Million in Funding to Challenge OpenAI
November 06, 2023  |  artificial intelligence

German startup Aleph Alpha has raised $500 million in a series B funding round, with support from major companies such as Bosch, SAP, and Hewlett...

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European Executives Say Proposed AI Rules Could Stifle Opportunities
European Executives Say Proposed AI Rules Could Stifle Opportunities
June 30, 2023  |  artificial intelligence

Executives of European companies say regulation could stifle the opportunities presented by artificial intelligence (AI). Leaders from engineering firm Siemens, brewer Heineken, carmaker Renault and...

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EU Bans Biometrics as Part of New AI Rules
EU Bans Biometrics as Part of New AI Rules
June 14, 2023  |  artificial intelligence

Europe is leading the world in the push to regulate artificial intelligence (AI), with the European Union (EU) taking a proactive approach to ensuring AI...

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EU Reaches ‘Milestone’ to Regulating AI With OK of Rules Draft
EU Reaches ‘Milestone’ to Regulating AI With OK of Rules Draft
May 11, 2023  |  artificial intelligence

European lawmakers have reportedly agreed to new transparency regulations for generative AI applications like ChatGPT. The measures are part of a broader package of artificial...

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EU Crypto Regulations Pass as Policymakers Claim Advantage Over US
EU Crypto Regulations Pass as Policymakers Claim Advantage Over US
April 20, 2023  |  Cryptocurrency

How do you deal with a problem like crypto? While American regulators and lawmakers quibble over how to properly oversee the infamously tumultuous digital asset...

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EU Lawmakers Say US Ignoring ‘Message of 2008’
EU Lawmakers Say US Ignoring ‘Message of 2008’
March 23, 2023  |  Banking

Lawmakers in Europe are blaming U.S. regulators for failing to stop this month’s banking crisis. That’s according to a Thursday (March 23) report by CNBC,...

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EU Debates Digital Platform Rules for Gig Workers
EU Debates Digital Platform Rules for Gig Workers
January 24, 2023  |  Gig Economy

The European Commission and the European Parliament are debating the future of digital platform work. The contested ground in question is the platform work directive,...

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