By

webeditorhere
On November 9th, 2023, the European Securities and Markets Authority’s (the “ESMA”) published an  Announcement putting the cyber risk as a new Union Strategic Supervisory Priority (the “Announcement”). Further to the Announcement, ESMA is changing its Union Strategic Supervisory Priorities (the “USSPs”) to focus on cyber risk and digital resilience alongside ESG disclosures. Pursuant to...
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Artificial Intelligence (AI) is rapidly transforming industries and revolutionizing the way businesses operate. Many Companies are keen to utilise the power of AI to gain a competitive edge. While off-the-shelf AI solutions may seem like a convenient option, they often fall short in meeting the unique needs and challenges of Companies. In this article, we...
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As we step into November, we find ourselves at the intersection of two dynamic technological forces: Artificial Intelligence (AI) and Cybersecurity. This month, we not only celebrate the vibrant autumn foliage but also the pivotal role these technologies play in shaping our digital landscape. AI Technologies – A Catalyst for Transformation: The arrival of November...
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The prevailing narrative surrounding artificial intelligence (AI) often heralds its rise as a recent phenomenon, but in reality, AI and its sophisticated counterparts have quietly shaped our world for decades. The notion of a sudden ascension of AI is, in many ways, a misnomer. AI, in its embryonic forms, can be traced back to the...
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On October 12th, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”) issued Circular C601 on EBA’s Guidelines on the use of Remote Customer Onboarding Solutions under Article 13(1) of Directive (EU) 2015/849 (the “Circular”). Further to the issuance of CySEC’s Circular C479 in relation to the public consultation by the European Banking Authority (the...
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On October 4th, 2023, the Cyprus Securities and Exchange Commission (the “CySEC”),  published the Commission Delegate Regulation (EU) 2023/2070 on amending Delegated Regulation (EU) 2016/1675 adding Cameroon and Vietnam to the list of high risk third countries. The Delegated Regulation (EU) 2023/2070 implements the following change to the Delegated Regulation (EU) 2016/1675: In the Annex...
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A blockchain is an immutable distributed database or ledger that facilitates the process of recording transactions, where the same is shared among a computer network. In simple words, blockchains are somewhat similar to spreadsheets, where information is entered and stored, however the main differences between the two is how the data is structured and accessed....
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Even though Konkrit Solutions exhibited its services during the iFX Cyprus EXPO, and the two events coincided, we have manged to attend the Reflect Festival 2023 as well. Reflect Festival is considered to be the largest technology and innovation event in Cyprus and one of the fastest growing in the Mediterranean. It offers the opportunity...
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It was with great pleasure to meet all attendees who visited our booth at the iFX EXPO Cyprus 2023 and thanks to each and every one of you, participants, exhibitors, and organisers that transformed this event into one of the biggest B2B expos in the world. The expo brought together industry experts from the five...
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