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Paradromics Breaks Ground with First Human Brain-Computer Interface Implant

Neurotech startup Paradromics has made headlines by successfully implanting its brain-computer interface (BCI) in a human for the first time. This milestone took place at the University of Michigan, with the device being inserted and removed in a swift 20-minute procedure during epilepsy-related neurosurgery.

The Paradromics BCI strives to revolutionize communication for individuals with severe motor impairments, enabling them to use computer systems with brain signals alone. The company’s future clinical trials, set for later this year pending regulatory approval, aim to explore the technology’s long-term viability in humans.

“We’re incredibly excited to move into the clinical stage,” said Matt Angle, founder and CEO of Paradromics. “This success is a testament to our commitment to enhancing BCI technologies.”

While Paradromics’ BCI awaits official clearance from the FDA, this achievement underscores a promising future for BCIs. The company has already demonstrated its skills in animal models, showcasing its ability to capture detailed brain activities at the neuronal level.

Paradromics joins the ranks of other pioneers such as Elon Musk’s Neuralink, Synchron, and Precision Neuroscience in driving forward the BCI space. With almost $100 million in funding and a strategic edge, Paradromics is on track to redefine neurotechnology.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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