VersaBank needs only one more regulatory approval to proceed with its acquisition of Stearns Bank Holdingford. The bank received approval from the Office of the Comptroller of the Currency (OCC) Friday (June 14) — marking the second and final U.S. regulatory approval it needs for the acquisition...
As the business landscape grows more digitally connected, real-time compliance is growing more important. Citi announced Wednesday (June 12) that Emirates NBD became the first bank to use its 24/7 USD Clearing service to make cross-border payments in U.S. dollars available to their corporate and...
OpenAI is reportedly expanding its lobbying department as the artificial intelligence industry faces more regulatory oversight. The multibillion-dollar AI startup aims to have 50 members on its global affairs team by year’s end, up from three at the start of 2023 and 35 currently, the...
The global artificial intelligence (AI) landscape is undergoing significant shifts as regulators grapple with the technology’s rapid advancements. While the U.S. and Europe are considering tightening AI regulations, Argentina President Javier Milei is positioning his country as a potential haven for tech investments. Meanwhile, the...
June 11, 2024
The interlinked future of digital identity and biometrics is already starting to transform payments. As digital wallets increasingly gain traction, the security features driving their use are emerging as components shaping the future of both commerce and authentication. With the European Union’s eIDAS 2.0 (electronic identification, authentication and trust services) regulation 2026 compliance deadline approaching, […]
June 10, 2024
Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week. He is scheduled to appear before the Senate Banking Committee Wednesday (June 12) and...
June 05, 2024
The respective online “walls of shame” that U.S. and U.K. regulators have proposed to erect — spotlighting companies under various investigations — may have a chilling effect on competition and...
May 29, 2024
The technology for central bank digital currencies (CBDCs) already exists. And as dozens of countries around the world have proven, in less time than it took to read this sentence,...
June 14, 2024
Two American tech giants are reportedly facing new regulatory challenges in Europe. One case involves Apple’s App Store, while the other centers on Meta’s artificial intelligence (AI) assistant, Meta AI. The Financial Times (FT) reported Friday (June 14) that the European Commision (EC) will bring charges against Apple after determining that the company is not complying with a requirement that it […]
June 14, 2024
VersaBank needs only one more regulatory approval to proceed with its acquisition of Stearns Bank Holdingford. The bank received approval from the Office of the Comptroller of the Currency (OCC) Friday (June...
June 13, 2024
OpenAI is reportedly expanding its lobbying department as the artificial intelligence industry faces more regulatory oversight. The multibillion-dollar AI startup aims to have 50 members on its global affairs team...
June 11, 2024
Argentina is reportedly promoting itself as an AI hub amid increased oversight of the technology. Javier Milei, the country’s new, libertarian leader, has promised a less restrictive approach to artificial intelligence (AI)...
