European Union (EU) stories - Page 18

The European Union's Artificial Intelligence Act will take effect on 2nd February, banning high-risk AI uses like facial recognition and social scoring.

BackBox has launched its Network Cyber Resilience Platform in 2024, aimed at enhancing network infrastructure recoverability after a record-breaking year.

Keyless has secured an additional USD $2 million, raising total funding to USD $10 million, to enhance its biometric services and expand in North America.

Lexsoft has secured ISO/IEC 27017 certification for its cloud services and expanded its T3 knowledge management solution across the EU, UK, and US.

London-based Guavapay has reported a remarkable 71% growth in annual revenue for 2024, driven by a larger customer base and staff expansion.

The EU's Digital Operational Resilience Act, effective from 17th January, presents both hurdles and opportunities for the financial sector, say industry leaders.

Concur Travel, in partnership with Thrust Carbon, has launched the first online booking tool to integrate emissions calculations compliant with ISO 14083 standard.

Kaspersky has pledged its commitment to ethical AI usage in cybersecurity by signing the European Commission's AI Pact, reinforcing safe innovation in tech.

Groyyo has promoted Nitin Jain to Co-Founder, recognising his vital role in the company's rapid growth in international markets, particularly exports.

Radware is boosting its AI-driven security services for one of Italy's top five banks, aiming to combat rising cyber threats and comply with EU regulations.

Tradebyte forecasts a dynamic future for eCommerce in 2025, highlighting challenges from potential U.S. protectionism and the need for European brands to adapt.

Normative has launched a new Corporate Sustainability Reporting Directive offering, responding to rising demands for expert ESG reporting guidance as Sebastien Blanc becomes CEO.

Alcatel-Lucent Enterprise has unveiled enhanced cybersecurity features for its OmniPCX Enterprise Purple, ensuring compliance with the NIS 2 Directive in the EU.

Primer sets ambitious growth targets for 2025, aiming to enhance its presence in the EU, US, and APAC amid rising demand for unified payment solutions.

Vertiv forecasts data centre trends for 2025, highlighting AI's role in high-density computing, sustainability challenges, and evolving cybersecurity needs.

SAS has joined over 130 firms in signing the European Commission's AI Pact, promoting enhanced AI governance and best practices across Europe.

As the EU's DORA regulation looms, financial firms are urged to bolster digital resilience or risk severe operational disruptions by January 2025.

IDnow has partnered with IDnow Trust Services AB, a newly certified Qualified Trust Service Provider, to enhance digital signature solutions across the EU.

Siemens has reached an agreement to acquire Altair Engineering for an enterprise value of approximately USD $10 billion, enhancing its industrial software capabilities.

New NIS2 directives are imposing hefty financial strains on EMEA firms, with 95% reallocating budgets to tackle compliance costs.