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

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Fraudulent job losses in Singapore reach S$10.6 million in the past two months.

November 25, 2025

How Lithuania is becoming a leader in fintech, AI, and cleantech innovation

November 25, 2025

Waton Financial broadens collaboration with Panda AI and explores joint venture opportunities.

November 25, 2025

Transforming financial marketing in the era of AI

November 25, 2025
Facebook X (Twitter) Instagram
Trending
  • Fraudulent job losses in Singapore reach S$10.6 million in the past two months.
  • How Lithuania is becoming a leader in fintech, AI, and cleantech innovation
  • Waton Financial broadens collaboration with Panda AI and explores joint venture opportunities.
  • Transforming financial marketing in the era of AI
  • Campaign finance allegations submitted against Jena Griswold and Phil Weiser analyzed through AI.
  • Canadian Innovations and Startups in AI and FinTech
  • FinovateEurope 2026: Artificial Intelligence, Integrated Finance, and Women’s Roles in Fintech
  • FinTech startups should consider AML as a standard offering.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Commemorating outside the office: Fintech firm treats employees to a getaway in Thailand

    November 11, 2025

    Optasia secures $345 million in South Africa’s biggest fintech initial public offering.

    November 7, 2025

    Abigail Elorm Mensah, CEO of MASLOC, advocates for inclusive digital finance at the 2025 Fintech for Inclusion Africa Summit.

    October 31, 2025

    The Fintechs Dominating LinkedIn’s Top Startups 2025 List in London

    October 29, 2025

    OpenAI Hires 100 Former Investment Bankers to Train AI in Financial Modeling

    October 21, 2025
  • AI

    Waton Financial broadens collaboration with Panda AI and explores joint venture opportunities.

    November 25, 2025

    Transforming financial marketing in the era of AI

    November 25, 2025

    Campaign finance allegations submitted against Jena Griswold and Phil Weiser analyzed through AI.

    November 25, 2025

    FinovateEurope 2026: Artificial Intelligence, Integrated Finance, and Women’s Roles in Fintech

    November 25, 2025

    Generation AI has the potential to greatly lower expenses in the automotive finance sector, according to a McKinsey report.

    November 24, 2025
  • Acquisitions

    Teybridge Capital Europe finalizes strategic purchase of London-based fintech company Atom CTO

    November 18, 2025

    Highlights from Santa Cruz County business: local fintech firm’s recent acquisition; startup showcases a surf helmet on Shark Tank

    November 12, 2025

    Ripple Becomes a Comprehensive Fintech Hub Following Hidden Road Acquisition, Reports TradingView News

    November 11, 2025

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025
  • Trends

    PB Fintech Modifies Review Rating Due to Robust Growth and Market Trends

    November 22, 2025

    Overview of the Thailand Fintech Market: Size, Share, Growth, and Statistics

    November 21, 2025

    China’s fintech market projected to hit $107.55 billion by 2030, driven by growth factors.

    November 6, 2025

    Analysis of the Indian Fintech Market Size, Industry Share, and Future Prospects

    November 6, 2025

    Overview of the Mexico FinTech Market: Size, Trends, Growth, and Projections

    November 4, 2025
  • Insights

    Youth Driving Innovative Fintech Concepts as Digital Adoption Reaches 87%, According to FM Sitharaman

    November 13, 2025

    Propel Launches $10 Million Fund to Support Food Stamp Recipients Affected by Government Shutdown

    October 30, 2025

    The Fintechs Dominating LinkedIn’s Top Startups 2025 List in London

    October 29, 2025

    Bizcap purchases a financial technology firm based in the U.S.

    October 24, 2025

    Issues Facing PB Fintech: A Look at Stock Market Predictions

    October 22, 2025
  • Rumors

    This week’s rumors focus on major breweries, robotics, and multi-million dollar auctions.

    November 22, 2025

    Speculations about Ubisoft acquisition following profit announcement delay

    November 18, 2025

    Bill Holdings’ Stock Price Jumps Despite Sell Rumors

    November 12, 2025

    Ripple clarifies there is no planned timeline for an IPO following the $500 million funding round.

    November 12, 2025

    Significant Market Shift Indicated by 75% Rise in Volume

    November 9, 2025
  • Startups

    Canadian Innovations and Startups in AI and FinTech

    November 25, 2025

    FinTech startups should consider AML as a standard offering.

    November 24, 2025

    Exploring the Journey of Pi Coin: Insights for DAOs and Financial Technology Startups

    November 23, 2025

    Insights for Fintech Startups from the Surge of Solana ETFs

    November 23, 2025

    BlackRock’s Bitcoin Stake: Effects on Fintech Startups and the Growth of Stablecoins

    November 23, 2025
  • 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

Waton Financial broadens collaboration with Panda AI and explores joint venture opportunities.

November 25, 2025

Transforming financial marketing in the era of AI

November 25, 2025

Campaign finance allegations submitted against Jena Griswold and Phil Weiser analyzed through AI.

November 25, 2025
Leave A Reply Cancel Reply

Latest news

Fraudulent job losses in Singapore reach S$10.6 million in the past two months.

November 25, 2025

How Lithuania is becoming a leader in fintech, AI, and cleantech innovation

November 25, 2025

Waton Financial broadens collaboration with Panda AI and explores joint venture opportunities.

November 25, 2025
News
  • AI in Finance (1,858)
  • Breaking News (180)
  • Corporate Acquisitions (74)
  • Industry Trends (216)
  • Jobs Market News (320)
  • Market Insights (223)
  • Market Rumors (291)
  • Regulatory Updates (181)
  • Startup News (1,207)
  • Technology Innovations (193)
  • 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 (1,858)
  • Breaking News (180)
  • Corporate Acquisitions (74)
  • Industry Trends (216)
  • Jobs Market News (320)
  • Market Insights (223)
  • Market Rumors (291)
  • Regulatory Updates (181)
  • Startup News (1,207)
  • Technology Innovations (193)
  • 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
© 2025 Designed by Fintechbits

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