Breaking news

Bank Of Cyprus Triumphs With 11 Global Finance Digital Banking Awards

by THEFUTURE.TEAM

October 15, 2025

Global Recognition For Digital Excellence

The Bank of Cyprus has firmly established itself as a leader in digital transformation, securing 11 awards from Global Finance’s 2025 World’s Best Digital Bank Awards. Notably, the bank was honored with two regional accolades in Western Europe alongside nine national awards in Cyprus. Among these, the institution was recognized as the Best Consumer Digital Bank and the Best Corporate And Institutional Digital Bank in its home market.

Celebrating Industry-Leading Digital Innovation

Global Finance, a respected authority in international banking and finance, noted that the winners of the 2025 World’s Best Digital Bank Awards have demonstrated unrivaled innovation and leadership in digital integration. In particular, the Bank of Cyprus was praised for excelling in Social Media Marketing And Services within the Consumer category and for its pioneering Transformation efforts in the Corporate And Institutional category.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Strategic Initiatives Driving Superior Customer Experiences

The bank’s digital initiatives have reshaped customer interaction and service delivery. Innovations such as the Digital Housing Loan offer fully online application processes and instant decisions, while Fleksy, a flexible buy now pay later solution, leverages automated decision-making to streamline consumer financing. Additionally, the introduction of Joey—a mobile banking app designed for teenagers—ensures that younger users manage their finances securely under parental oversight.

Expanding Digital Ecosystems And Market Presence

Beyond individual digital products, the Jinius platform has grown into an integrated ecosystem by connecting over 270 retailers and offering around 500,000 products across diverse categories. This platform not only underpins the bank’s transformation agenda but also illustrates its commitment to driving digital innovation both in Cyprus and across Western Europe.

Commitment To Continuous Digital Transformation

As noted by the bank’s Chief Digital Officer, Demetris Nicolaou, the recognition marks a substantial return on investment in digital initiatives that enhance customer experiences. CEO Panicos Nicolaou further emphasized that these achievements are testimony to their ongoing efforts in transforming digital services, as evidenced by record engagement figures and a significant surge in digital loan disbursements earlier this year.

Shaping The Future Of Banking

Joseph D. Giarraputo, founder and editorial director of Global Finance, encapsulated the emerging trends by stating that the award recipients are clear exemplars of the innovation and leadership molding the future of banking. The accolades underscore the Bank of Cyprus’s pivotal role in setting strategic benchmarks for digital banking both regionally and globally.

The Future Forbes Realty Global Properties

by News Editor

August 24, 2026

Courts Are Still Applying Old Copyright Rules To AI

AI companies train models on enormous amounts of published material, including books, articles and academic research. Whether using that content without authors’ permission violates copyright law remains unresolved.

Much of the debate centres on fair use, which allows copyrighted material to be used without permission in certain circumstances. Courts consider factors such as the purpose of the use, how much material was involved and its impact on the original market.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Anthropic Case Sets An Important Precedent

A major case involving Anthropic and a group of authors provided one of the clearest rulings so far. Judge William Alsup found that using copyrighted books to train AI models was lawful, comparing the process to people reading and studying literature before creating something new.

Anthropic was nevertheless ordered to pay $1.5 billion in a settlement. The penalty concerned books the company had obtained from illegal online libraries rather than the AI training itself.

For AI companies, that distinction could prove significant because it separates studying copyrighted material from directly copying it.

Competition Could Be The Key Issue

A case involving Thomson Reuters and Ross Intelligence offers a different perspective. A court ruled that Ross could not claim fair use after using Reuters’ copyrighted material to develop a competing AI-powered legal research platform.

The decision suggests courts may be less willing to consider AI training fair use when copyrighted content is used to build a product that directly competes with the original.

For authors, an unresolved question is whether AI-generated content should be considered competition for the works used to train these models.

The Law Has Yet To Catch Up

US copyright law predates generative AI by decades, leaving courts to apply old principles to new technology. Questions also remain over copyright protection for AI-generated works. In Thaler v. Perlmutter, a court ruled that material created entirely by AI cannot receive copyright protection.

Major AI companies remain involved in copyright litigation, and different courts could reach different conclusions. For now, there is no universal rule: the legality of AI training will depend on the circumstances of each case and how courts ultimately interpret copyright and fair use.