Banks using artificial intelligence (AI) to approve loan applications have been warned by U.K. financial regulators that they can only deploy that technology if they can show it won’t be discriminatory towards minorities, the Financial Times reported Sunday (Feb. 13). Get the Full Story Complete...
France’s privacy overseer has told Alphabet Inc., Google’s parent company, that an unnamed website cannot use Google Analytics because it transfers personal information to the United States in breach of the European Union’s privacy law, the agency announced Thursday (Feb 10). Get the Full Story...
The rise of digital technologies has improved the world in untold ways. But there has been at least one casualty: privacy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Media regulators in the European Union (EU) are considering rules designed to end misinformation on Spotify, according to a report in Politico Thursday (Feb. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Senator Ron Wyden (D-Ore.), with Senator Cory Booker (D-N.J.) and Representative Yvette Clarke (D-N.Y.), introduced in early February the Algorithmic Accountability Act of 2022. This bill aims to bring transparency and oversight of software, algorithms and other automated systems that are used to make automated...
When Meta announced its quarterly results last week and warned about the strong competition that is facing from other companies like TikTok, the price of its shares plunged, wiping out $230 billions of market value. The biggest one-day loss in history. Get the Full Story...
Better to get out in front of an issue and meet it head-on than try to play catch-up later. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Citing potential violation of federal law by GoFundMe Inc., GOP lawmakers have called for an investigation into the crowdfunding platform’s decision to withdraw a page accepting donations in support of protesting truckdrivers in Canada. Get the Full Story Complete the form to unlock this article and enjoy...
As a result of Amazon’s increasing activity in the U.K. grocery sector, Britain’s Competition and Markets Authority (CMA) announced in Wednesday (Feb. 9) statement that it has designated the eCommerce giant and its U.K. subsidiaries under the Groceries Market Investigation Order. Get the Full Story...
