European Union/page/9 news and trends

Bank of America: New EU Instant Payments Rules Address Liquidity for Corporates
Faster Payments // May 23, 2024

The payments landscape in Europe is poised for a shift as new regulations mandating support for instant payments go into effect in 2025. That’s no guarantee that consumers and businesses will automatically take advantage of them, but it will have implications for banks as well...

Anthropic Launches AI Assistant Claude in Europe
artificial intelligence // May 13, 2024

Artificial intelligence (AI) startup Anthropic has launched its AI assistant Claude in Europe. The web-based version Claude.ai, the Claude iOS app, and the subscription-based Claude Team plan that allows businesses to access the Claude 3 model family, are now available across Europe, the company said in a press release. These offerings join the Claude API, which was launched...

TikTok Suspends Rewards Program Amid EU Pressure
Social Commerce // April 24, 2024

TikTok has suspended a rewards program on TikTok Lite amid a dispute with European Union (EU) regulators. “TikTok always seeks to engage constructively with the EU Commission and other regulators,” the TikTok Policy Europe account said in a Wednesday (April 24) post on X (formerly Twitter). “We are therefore...

Regulations, Innovations and AI Define This Week in Big Tech
Big Tech // April 18, 2024

Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable public companies by market capitalization, but they increasingly represent the cutting edge of both technological innovation as well as the...

Interviews & Exclusives
Bank of America: New EU Instant Payments Rules Address Liquidity for Corporates

May 23, 2024
The payments landscape in Europe is poised for a shift as new regulations mandating support for instant payments go into effect in 2025. That’s no guarantee that consumers and businesses will automatically take advantage of them, but it will have implications for banks as well as consumers and present opportunities for businesses across the region. […]

Is the UK Brexiting From Instant Payments?

March 21, 2024
It’s often said that history repeats itself. It’s hard to look at the current state of play regarding instant, or real-time, payments in the EU and U.K. right now and...

Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers

October 06, 2023
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology. On Friday (Oct....

Handicapping the US, UK and Europe Real-Time Payments Race

October 06, 2023
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions. Real-time...

Quick Reads
Apple Fights EU’s $2 Billion Antitrust Ruling

May 23, 2024
Apple has appealed a nearly $2 billion antitrust fine handed down by European regulators. As Reuters reported Tuesday (May 22), the appeal comes after the European Commission (EC) ruled this winter that Apple was abusing its power in the streaming music market.  Apple’s fine was the first ever for violating European Union (EU) antitrust rules […]

Anthropic Launches AI Assistant Claude in Europe

May 13, 2024
Artificial intelligence (AI) startup Anthropic has launched its AI assistant Claude in Europe. The web-based version Claude.ai, the Claude iOS app, and the subscription-based Claude Team plan that allows businesses to access the Claude 3 model family, are now available...

TikTok Suspends Rewards Program Amid EU Pressure

April 24, 2024
TikTok has suspended a rewards program on TikTok Lite amid a dispute with European Union (EU) regulators. “TikTok always seeks to engage constructively with the EU Commission and other regulators,” the TikTok Policy...

EU Leaders Seek Reforms to Attract Private Capital

April 09, 2024
European Union (EU) leaders reportedly aim to harmonize the member nations’ bankruptcy and corporate tax laws. The leaders will call for this and other changes during a summit scheduled for April...