Close Menu
Fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Apple’s September Announcements: MacBook Neo, AirPods Max 2, iPhone 17e, and More

March 17, 2026

Upvest Secures $125 Million to Modernize Banking Infrastructure in Europe

March 17, 2026

Californian Companies Lead US FinTech Transactions in Q2 with a 19% Year-Over-Year Growth in Deal Activity

March 17, 2026

Exposing the Anti-Money Laundering Blind Spot in South Africa’s Illegal Gambling Sector

March 17, 2026
Facebook X (Twitter) Instagram
Trending
  • Apple’s September Announcements: MacBook Neo, AirPods Max 2, iPhone 17e, and More
  • Upvest Secures $125 Million to Modernize Banking Infrastructure in Europe
  • Californian Companies Lead US FinTech Transactions in Q2 with a 19% Year-Over-Year Growth in Deal Activity
  • Exposing the Anti-Money Laundering Blind Spot in South Africa’s Illegal Gambling Sector
  • Amazon Introduces 1-Hour and 3-Hour Delivery Services in the U.S.
  • Africa’s Fintech Future Highlights the Opening of IFF 2026 in Kigali
  • Decline in UK Consumer Awareness of Pay by Bank Amidst Open Banking Growth
  • The Potential of Angola’s Fintech Ecosystem in 2026
Facebook X (Twitter) Instagram Pinterest Vimeo
Fintechbits
  • News

    Upvest Secures $125 Million to Modernize Banking Infrastructure in Europe

    March 17, 2026

    Exposing the Anti-Money Laundering Blind Spot in South Africa’s Illegal Gambling Sector

    March 17, 2026

    The Potential of Angola’s Fintech Ecosystem in 2026

    March 17, 2026

    Leveraging Natural Language Processing for Alpha Extraction in Financial Markets

    March 17, 2026

    Willis and Qover Establish Embedded Insurance Partnership

    March 17, 2026
  • AI

    Africa’s Fintech Future Highlights the Opening of IFF 2026 in Kigali

    March 17, 2026

    Algeria’s Fintech Ecosystem in 2026: Strategies for Building Momentum

    March 16, 2026

    Exploring the Concept of Bloxx in The Fintech Times

    March 15, 2026

    Mastercard Launches Unified Global Commerce Suite to Enhance Cross-Border SME Payments in APAC

    March 15, 2026

    Bybit Connects Traditional Banking and Digital Assets Through Direct AED Trading Pairs

    March 15, 2026
  • Acquisitions

    Californian Companies Lead US FinTech Transactions in Q2 with a 19% Year-Over-Year Growth in Deal Activity

    March 17, 2026

    Brazilian Companies Lead LatAm FinTech Transactions in Q3 with 54% Quarter-over-Quarter Growth

    March 16, 2026

    Latin American FinTech Investments Decline by 50% Year-over-Year in Q4 2025 Amid Increased Investor Caution

    March 15, 2026

    What Makes a Fintech an Attractive Acquisition Target Versus One Headed for a Distressed Sale?

    February 20, 2026

    MrBeast’s Company Acquires Fintech App Targeting Gen Z

    February 10, 2026
  • Trends

    European FinTech 2025 Is Back and Means Business

    March 16, 2026

    Subscription Payment Fatigue Is Coming for Children’s Services

    March 16, 2026

    Green Fintech: 5 Proven Reasons It Goes Beyond a Compliance Checkbox

    March 16, 2026

    Claude overtakes ChatGPT as AI trust debate intensifies

    March 16, 2026

    Eleven companies, eighty-three days: the race for a federal crypto-banking license

    March 15, 2026
  • Insights

    US Maintains Status as Premier Global WealthTech Hub Despite 47% Decline in Deal Activity in 2025

    March 16, 2026

    Green Fintech: 5 Proven Reasons It Goes Beyond a Compliance Checkbox

    March 16, 2026

    European FinTech Investments Decline 11% Year-Over-Year Due to Market Uncertainties in 2025

    March 16, 2026

    Nevada Emerges as a Leading US WealthTech Hub in Q4 2025 with 27% Year-Over-Year Growth in Deal Activity

    March 16, 2026

    Asian FinTech Funding Reaches Five-Quarter High at End of 2025 Fueled by 4.5x Year-over-Year Increase in Large Transactions

    March 15, 2026
  • Rumors

    Gilead Snaps Up Arcellx in $7.8B Most cancers Drug Deal

    March 14, 2026

    Tilly’s Inventory Pops After This autumn Earnings Shock

    March 14, 2026

    Elliott and Jana Take Recent Actions Alongside Other Speculations

    February 22, 2026

    Hank Payments (TSX) Rises to CAD 0.26 on February 18, 2026: Catalyst Analysis

    February 19, 2026

    Abivax CEO refers to Eli Lilly acquisition speculation as a diversion.

    February 8, 2026
  • Startups

    Apple’s September Announcements: MacBook Neo, AirPods Max 2, iPhone 17e, and More

    March 17, 2026

    Amazon Introduces 1-Hour and 3-Hour Delivery Services in the U.S.

    March 17, 2026

    Jensen Huang Elevates Nvidia’s Blackwell and Vera Rubin Sales Projections to $1 Trillion Level

    March 17, 2026

    Picsart Introduces AI Assistant Hiring Capabilities for Creators via Agent Marketplace

    March 17, 2026

    SEC Considers Transition to Biannual Earnings Reporting

    March 17, 2026
  • finjobsly
Fintechbits
Home » US, Britain and Brussels to sign deal on AI standards
AI in Finance

US, Britain and Brussels to sign deal on AI standards

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
1725750733 Https3a2f2fwww.ft .com2f Origami2fservice2fimage2fv22fimages2fraw2fhttps253a252f252fd1e.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Stay informed with free updates

Simply sign up for the Artificial intelligence myFT Digest – delivered straight to your inbox.

The three main Western jurisdictions developing artificial intelligence technologies have signed the first legally binding international treaty on the use of AI, as companies fear a patchwork of national regulations could hamper innovation.

The United States, EU The United Kingdom and Britain signed the Council of Europe’s convention on artificial intelligence on Thursday, which emphasizes human rights and democratic values ​​in its approach to regulating public and private systems. Other countries continued to sign the pact on Thursday.

The convention was developed over two years by more than 50 countries, including Canada, Israel, Japan and Australia. It requires signatories to be held accountable for any harmful and discriminatory results of their actions. AI It also demands that the results of these systems respect the rights to equality and privacy, and that victims of AI-related rights violations have legal remedies.

“With innovation as rapid as AI, it’s really important that we take this first step on a global scale,” said Peter Kyle, the UK’s Minister for Science, Innovation and Technology. “This is the first agreement that has real global reach, and it also brings together a very disparate set of nations.”

“The fact that we are expecting such a diverse group of nations to sign this treaty shows that we are truly capable, as a global community, of meeting the challenges posed by AI,” he added.

Although the treaty is presented as “legally binding”, its critics point out that it does not provide for sanctions such as fines. Compliance with the rules is mainly measured through checks, which are a relatively weak form of enforcement.

Hanne Juncher, the Council’s director of negotiations, said: “This confirms that (the convention) goes beyond Europe and that these signatories were extremely invested in the negotiations and… satisfied with the outcome.”

A senior Biden administration official told the Financial Times that the US was “committed to ensuring that AI technologies support respect for human rights and democratic values” and saw “key added value of the Council of Europe in this area.”

The treaty comes as governments are drafting a series of new regulations, commitments and agreements to govern evolving AI software. These include the European AI Act, the G7 agreement reached last October and the Bletchley Declaration, signed in November by 28 countries, including the US and China.

While the US Congress has yet to pass a comprehensive framework for regulating AI, lawmakers in California, where many AI startups are based, did so last week. The bill, which has a mixed opinion in the industry, awaits the signature of the state governor.

The EU regulation, which came into force last month, is the first major regional law, but Kyle stressed that it remains divisive among companies creating AI software.

“Companies like Meta, for example, are refusing to launch their latest Llama product in the EU because of this, so it’s really useful to have a baseline that goes beyond just individual territories,” he said.

Although the EU’s AI law has been seen as an attempt to set a precedent for other countries, the signing of the new treaty illustrates a more coherent international approach, rather than relying on so-called The Brussels effect.

Věra Jourová, European Commission Vice-President for Values ​​and Transparency, said: “I am very pleased to see that so many international partners are ready to sign the AI ​​Convention. The new framework sets out important milestones for the design, development and use of AI applications, which should provide confidence and assurance that AI innovations respect our values ​​of protecting and promoting human rights, democracy and the rule of law.”

“This was the basic principle of… the European AI law and it now serves as a model around the world,” she added.

Additional reporting by James Politi in Washington

Video: AI’s energy demand could stunt industry growth | FT Energy Source
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Africa’s Fintech Future Highlights the Opening of IFF 2026 in Kigali

March 17, 2026

Algeria’s Fintech Ecosystem in 2026: Strategies for Building Momentum

March 16, 2026

Exploring the Concept of Bloxx in The Fintech Times

March 15, 2026
Leave A Reply Cancel Reply

Latest news

Apple’s September Announcements: MacBook Neo, AirPods Max 2, iPhone 17e, and More

March 17, 2026

Upvest Secures $125 Million to Modernize Banking Infrastructure in Europe

March 17, 2026

Californian Companies Lead US FinTech Transactions in Q2 with a 19% Year-Over-Year Growth in Deal Activity

March 17, 2026
News
  • AI in Finance (2,163)
  • Breaking News (212)
  • Corporate Acquisitions (84)
  • Industry Trends (280)
  • Jobs Market News (338)
  • Market Insights (301)
  • Market Rumors (308)
  • Regulatory Updates (214)
  • Startup News (1,360)
  • Technology Innovations (229)
  • uncategorized (9)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (2,163)
  • Breaking News (212)
  • Corporate Acquisitions (84)
  • Industry Trends (280)
  • Jobs Market News (338)
  • Market Insights (301)
  • Market Rumors (308)
  • Regulatory Updates (214)
  • Startup News (1,360)
  • Technology Innovations (229)
  • uncategorized (9)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2026 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.