Breaking news

DCO Unveils Ethical AI Guidebook To Strengthen AI Governance

The Digital Cooperation Organisation (DCO) has launched a new guidebook to help governments turn ethical artificial intelligence principles into practical public policy, unveiling the publication in Geneva alongside the first United Nations Global Dialogue on Artificial Intelligence Governance.

As governments around the world move from debating AI ethics to building regulatory frameworks, the challenge is no longer defining principles but translating them into laws, institutions and governance models that can keep pace with rapidly evolving technology. Cyprus, which joined the DCO as part of its broader strategy to strengthen international cooperation on digital transformation, is among the organisation’s member states.

A Policy Blueprint For The AI Era

The DCO launched the DCO Ethical AI Guidebook for Policymakers on July 8 during a session organised with the Saudi Data and AI Authority (SDAIA) and the International Center for Artificial Intelligence Research and Ethics (ICAIRE).

The event, titled “Responsible, Trusted, and Safe AI for Prosperity: From Principles to Practice,” took place on the sidelines of the United Nations Global Dialogue on Artificial Intelligence Governance, held in Geneva on July 6 and July 7, 2026.

According to the DCO, the session brought together policymakers, international organisations, industry leaders, academics, civil society representatives and technical experts to examine how countries can accelerate the responsible adoption of AI through practical governance, capacity building and cross-border collaboration.

From Principles To Implementation

Designed for governments, regulators and national AI task forces, the guidebook aims to help translate high-level ethical commitments into legislation, national strategies and governance structures that support innovation while maintaining trust and accountability.

According to the DCO, the publication builds on its Principles for Ethical AI and the Riyadh AI Call to Action Declaration and forms part of a broader policy toolkit intended to strengthen national AI readiness and support more consistent policymaking across jurisdictions.

That toolkit also includes the DCO AI Ethics Evaluator, the AI-REAL Toolkit and Web Portal, and the Digital Economy Navigator. Together, these resources are designed to strengthen institutional capacity, reinforce trust and support evidence-based policymaking and investment decisions.

Why Global AI Governance Still Faces A Capacity Gap

Speaking during the main programme of the UN Global Dialogue on Artificial Intelligence Governance, DCO Secretary-General Deemah AlYahya said more needs to be done to ensure that the “World Digital Majority” has a meaningful role in shaping the rules that will govern the next generation of AI.

“The architecture of the AI age is being drawn right now, and more than half the world’s nations are not holding the pen.”

In her view, the greatest challenge is not reaching agreement on ethical principles but giving governments the capacity to implement them effectively.

“The world does not lack principles. We agree AI must be responsible, trustworthy and inclusive. What the world lacks is the capacity to act on them.”

She said the new guidebook is intended to help close that gap by providing governments with practical tools to develop effective AI governance and ensure the technology becomes a driver of digital prosperity rather than fragmented regulation.

A Growing Multilateral Player In Digital Policy

Established in 2020, the Digital Cooperation Organisation describes itself as the world’s first standalone international intergovernmental organisation dedicated to accelerating the growth of an inclusive and sustainable digital economy.

Its 16 member states represent a combined economy of nearly $3.5 trillion and a market of more than 800 million people, with over 70% of the population under the age of 35. Against that backdrop, the organisation argues that effective AI governance will be just as important as technological innovation in ensuring long-term economic and social development.

Bank of Cyprus And Wealthyhood Launch Digital Investing Platform For Cyprus

The Bank of Cyprus and Wealthyhood have launched a co-branded investment platform aimed at making investing more accessible in Cyprus, with the service available to all residents regardless of whether they are customers of the bank.

Marking the first major milestone in the strategic partnership between the two companies, the launch follows the Bank of Cyprus’ role as lead investor in Wealthyhood’s €6 million funding round earlier this year.

A Platform Designed To Expand Access

Combining Wealthyhood’s digital investment infrastructure with the Bank of Cyprus’ customer reach, the new Wealthyhood x BoC mobile app and web platform is designed to broaden access to investing across the island.

Although open to all residents of Cyprus, Bank of Cyprus customers will benefit from a simplified onboarding process. By linking their bank accounts, users can complete identity verification more quickly, transfer funds seamlessly and begin investing with fewer steps.

Additional features and customer benefits are expected as integration between the two companies continues to evolve.

Strengthening Digital Investing In Cyprus

For Wealthyhood, the partnership represents far more than a funding relationship. Co-founder and Chief Executive Alexandros Christodoulakis said the bank’s decision to partner with the company validates the technology it has spent years developing.

“Our partnership with the Bank of Cyprus is far more than a capital investment. It is enterprise-level validation of the infrastructure we have spent years building.”

Rather than investing significant time and resources in developing its own platform, the bank chose to partner with an established wealthtech provider, allowing it to bring a digital investment solution to market more quickly. Christodoulakis also emphasised that the platform is intended to promote disciplined, long-term investing rather than speculative trading.

“We are not here to launch another speculative day-trading gimmick. We are here to bridge the financial literacy gap for Millennials and Generation Z across Cyprus, giving them the tools, transparency and structure they need to take control of their financial future with confidence.”

Addressing A Gap In The Local Market

According to Christos M. Ioannou, Head of Private and Affluent Banking at the Bank of Cyprus, the partnership was created to address growing demand for a modern, accessible investment platform.

“Recognising a gap in the Cypriot market for a modern and accessible digital investment platform, the Bank of Cyprus entered into a strategic partnership with Wealthyhood to make investing more accessible to a wider audience.”

Available to everyone in Cyprus, the platform is intended not only for existing Bank of Cyprus customers but for anyone looking to begin investing. That approach, Ioannou said, reflects the bank’s broader commitment to improving financial literacy and encouraging wider investment participation across the country.

He added that the initiative is designed to help younger generations and first-time investors start building wealth in a simple, responsible and secure way.

Tools For Every Type Of Investor

Among the platform’s features are a financial literacy hub with more than 50 educational guides, a financial glossary, daily market updates and analyst insights tailored to local users.

Investors will also gain access to international markets, including fractional share investing from as little as €1, while trades will be available with zero commission fees.

To accommodate different investment styles, the app combines self-directed investing with an AI-powered portfolio builder and robo-advisory tools. Autopilot enables users to automate recurring investments and portfolio rebalancing, while an AI Co-Pilot, currently under development, will allow users to ask questions about markets and portfolios, manage accounts and execute investment orders through a conversational interface.

Investment Risk Still Applies

As with any investment product, the companies reminded users that investments can rise or fall in value.

Investment services are provided exclusively by Wealthyhood Europe AEPEY. The Bank of Cyprus does not provide investment services or investment advice and is not responsible for the services offered through the platform.

Uol
Aretilaw firm
eCredo
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter