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EU Digital Identity Wallet secures provisional agreement

The Paypers

The EU has reached a provisional agreement between the European Parliament and the Council of the European Union for the legal framework regulating the European Digital Identity.

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Australia Forms Body To Handle Entrepreneurs’ Bank Disputes

PYMNTS

If a matter is not resolved, the AFCA has the authority to set financial and other agreements, and force financial services companies to take courses of action to resolve the dispute. Small businesses with disputes can go to the AFCA, which will first tackle any issues via informal methods, including mediation.

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Ant Financial Says It Didn’t Steal IP From Equifax

PYMNTS

Further, we have specific agreements with our third-party recruiters that prohibit them from violating intellectual property rights of any parties. If any recruiter is found to have conducted such activities, we will stop accepting candidate referrals from them and may take legal action against them.”

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FDI and Fintech in Uzbekistan: Interview with Minister Laziz Kudratov

Fintech Review

To enable us to become a more attractive proposition, Uzbekistan improved process and governance including implementing appropriate legal frameworks and financial resources for entrepreneurship and investment, as well as creating ample opportunities for investors and increased transparency in the investment process. Contracts worth $7.8

FinTech 59
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What’s Next For California’s Gig Economy After AB 5

PYMNTS

According to Catherine Ruckelshaus, general counsel of the National Employment Law Project drivers in those states should be classified as employees, but via the use of arbitration agreements with workers gig economy firms have made enforcement difficult. “If Lyft spokesperson Adrian Durbin had slightly more pointed words about the new law.

Economy 65
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How Much Should We Expect Generative AI to Evolve Throughout 2024?

The Fintech Times

Steps have already been made following the 2023 AI Safety Summit, with a “landmark” cross-governmental agreement to test future AI models of some of the world’s biggest tech firms prior to release. As generative AI becomes more powerful, it will be crucial to develop ethical guidelines and legal frameworks to govern its use.”

AI 75
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Digital Debt Collection Trends in 2023 - From Culture to Strategies

FICO

It doesn't mean you get higher agreement rates, but the people who do promise are more likely to pay. Both are within the same legal framework, but the perception of what is allowed and what is not is different. As Sven KrĂĽssel noted, regulation is the big issue here because the banks are still unsure of what the rules allow.