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regulatory

Opinion: Will autonomous cars ever gain regulatory approval to operate freely on public roads?

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The news that General Motors has decided to fold Cruise into its overall business should send shock waves through the industry. If Cruise can’t do it, with all its money and giant parent’s backing, who can?

Cruise is a relatively new startup which had huge optimism around it because several billion dollars were invested into it and a lot of people still believe autonomous cars are the future of global road traffic.

But after burning through $10 billion and only generating $500 million in revenue, Cruise seems to have lost its parent company’s confidence and has now been absorbed into the historic automotive giant, with its technology being repackaged into GM production cars as, essentially, an advanced driver assistance system called “Super Cruise”. [Read more…] about Opinion: Will autonomous cars ever gain regulatory approval to operate freely on public roads?

Ensuring Regulatory Compliance in AC Repair: The Case for Specialized Tools

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Mastery in AC repair is a journey that demands dedication, continuous learning, and hands-on experience. Technicians must stay abreast of evolving technologies, industry best practices, and regulatory requirements.

The path to mastery involves not just understanding the mechanics of air conditioning systems but also developing a deep knowledge of the various tools and techniques essential for effective repairs.

Achieving mastery in AC repair means committing to ongoing education and training. It requires a comprehensive grasp of system diagnostics, troubleshooting, and the ability to perform precise repairs under diverse conditions. [Read more…] about Ensuring Regulatory Compliance in AC Repair: The Case for Specialized Tools

How Regulatory Technology Impacts Banking Compliance

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Regulatory technologies (RegTech) are an emerging trend in the banking sector. The global regtech market size is projected to grow to $85,92 billion to 2032.

The market expansion is driven by the rapid adoption of advanced technologies and the need of banking business to address increasingly complex regulatory requirements.

Since regulations become more complex, and change frequently, human compliance managers find it hard to address all the compliance requirements. [Read more…] about How Regulatory Technology Impacts Banking Compliance

South Africa Leads in Crypto Regulation with 59 New Licences

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By Hannah Parker

By approving licences for 59 crypto enterprises, South Africa has established itself as a pioneer in African cryptocurrency legislation.

Given the rapid rate of cryptocurrency acceptance worldwide, the Financial Sector Conduct Authority (FSCA) proposal represents a critical turning point in the continent’s cryptocurrency scene.

The action aims to shield customers from the hazards of the cryptocurrency market by creating a controlled and secure environment for transactions involving cryptocurrencies. [Read more…] about South Africa Leads in Crypto Regulation with 59 New Licences

The Vital Role of LEI Records in Business Authentication

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In the labyrinthine world of global finance and commerce, trust and transparency are the bedrocks of successful transactions. The Legal Entity Identifier (LEI) is a powerful tool that enhances trust and ensures businesses’ authenticity.

This article explores LEI records’ pivotal role in authenticating businesses, safeguarding transactions, and fortifying the global financial ecosystem. It is also very important to note that every financial institution must enroll in LEI Register. [Read more…] about The Vital Role of LEI Records in Business Authentication

The Regulatory Landscape for USDD: Navigating Compliance and Governance Challenges

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Navigating compliance and governance challenges is crucial in the regulatory landscape for USDD. This article explores the regulatory challenges for USDD and navigating compliance challenges.

Crypto regulations have 2 faces and you can use Granimator which complies with all the regulations while offering automated trading features. [Read more…] about The Regulatory Landscape for USDD: Navigating Compliance and Governance Challenges

Baidu wins ‘first’ driverless permits in China for autonomous ride hailing on public roads

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Baidu Apollo Go has received what it says is the “first ever permits in China” that authorize the company to provide driverless ride-hailing services to the public on open road in Beijing.

This regulatory approval marks a significant milestone for the autonomous ride-hailing industry in China, indicating a regulatory openness to taking a further step toward a fully driverless mobility future.

With these permits issued by the head office of the Beijing High-level Automated Driving Demonstration Area (BJHAD), ten autonomous vehicles without drivers behind the steering wheel will offer rides to passengers in a designated area of 60 square kilometers in Beijing. [Read more…] about Baidu wins ‘first’ driverless permits in China for autonomous ride hailing on public roads

Autonomous vehicle development will be stalled by technological and regulatory barriers, says report

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Autonomous vehicles are currently more hype than substance, given the significant technological, financial, and regulatory barriers to their widespread use, according to GlobalData.

In its latest report, Tech, Media, & Telecom Predictions 2022, the data and analytics company predicts that focus will shift onto “lower-level” autonomous vehicles that require greater human supervision, while mergers and acquisition activity will continue to be driven by transport technology such as robotaxis.

Amrit Dhami, thematic analyst at GlobalData, offers her view on these predictions. She says technological barriers will shift focus onto lower-level autonomous vehicles. [Read more…] about Autonomous vehicle development will be stalled by technological and regulatory barriers, says report