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Summary:The EU AI Act proposes a risk-based framework for AI systems, affecting organizations globally. Compliance involves managing third-party AI risks to avoid penalties. Organizations should develop detailed plans and internal…

Summary:This article provides a global fintech regulatory update, including developments in the US, EU, and UK, focusing on cryptoassets, AI, and various proposed regulations for the financial sector.Original Link:LinkOriginal Article:Global…

Summary:The article outlines updates on the Digital Markets, Competition and Consumers Act 2024, UK payment practices, and a code of practice for software vendors, focusing on compliance and regulatory guidance…

Summary:The EU AI Act's prohibitions took effect on February 2, 2025, imposing fines for non-compliance. The guidelines clarify the scope and application of these prohibitions, addressing issues like exploitation, social…

Summary:The article outlines individuals' rights under the GDPR regarding automated decisions that significantly affect their finances or employment.Original Link:LinkOriginal Article:Individuals have the right to receive meaningful information about solely automated…

Summary:The EU's AI Act aims to establish a legal framework for AI systems, focusing on AI literacy, compliance, and prohibiting harmful practices, with obligations starting February 2025.Original Link:LinkOriginal Article:With the…

Summary:Ireland has designated eight public bodies as competent authorities under the EU AI Act to regulate AI implementation. This federated approach may pose challenges due to the lack of expertise…

Summary:AffiniPay's 2025 Legal Industry Report reveals how law firms adapt to generative AI, financial tech, and flexible work, highlighting trends in adoption and challenges faced by legal professionals.Original Link:LinkOriginal Article:AffiniPay,…

Summary:The EU is advancing the AI Act to regulate AI technologies, focusing on safety and ethics, alongside existing GDPR data privacy laws. Global regulation efforts are evolving.Original Link:LinkOriginal Article:Find out…

Summary:The article emphasizes the importance of AI training for employees to ensure responsible and ethical use of AI tools, mitigate risks, and comply with regulations like the EU AI Act.Original…