Stay up to date with the latest news from the Netherlands! Enjoy reading!
LangWatch has been granted €150.000 funding from Rabobank (Manouk Draisma)
LangWatch.ai, a burgeoning player in the AI technology sphere, has recently clinched a significant funding boost of €150,000 from Rabobank under their esteemed Rabobank Innovation Fund program for startups. This injection of capital marks a pivotal moment for LangWatch.ai, propelling the company towards its ambitious goal of refining and expanding its product offerings. With this financial backing, LangWatch.ai is poised to emerge as the preeminent Quality & Analytics platform in the market, empowering businesses to harness the potential of Generative AI solutions with unwavering confidence. The funding will be instrumental in fueling the ongoing development efforts of LangWatch.ai, enabling the company to enhance its existing suite of tools and technologies, as well as to explore new avenues for innovation and growth. LangWatch.ai extends heartfelt appreciation to Rabobank and Wouter Stevens for their unwavering trust and support, acknowledging their pivotal role in the journey towards realizing the company’s vision. Read more
Dutch investigation into Android smartphones leads to new lawsuit against Google (Maasschade Consument)
The Mass Damage & Consumer Foundation has filed a class action lawsuit against Google over its Android operating system due to a study revealing extensive data transfer to Google servers from Dutch Android smartphones, even with privacy settings enabled. The lawsuit alleges violation of Dutch and European consumer protection regulations. Unique identifiers enable easy tracing of user identities, raising privacy concerns. The foundation demands fundamental privacy changes and compensation for over nine million Dutch Android users since May 2018. The lawsuit is backed by a detailed investigation report, and affected individuals can register for the class action lawsuit. Read more
Public Prosecution Service imposes fines in money laundering case of ING subsidiary Payvision (FD)
The Public Prosecution Service (OM) has fined two former directors of payment service provider Payvision for violating anti-money laundering laws. Payvision, a 100% subsidiary of ING bank, allegedly neglected money laundering controls for years. The investigation found that Payvision facilitated suspicious transactions, ignoring fraud signals and failing to screen some customers. ING’s acquisition of Payvision in 2018 resulted in significant losses, with the company predominantly serving high-risk customers in industries like gambling, crypto, and pornography. ING eventually closed down Payvision at the end of 2023 after investing heavily in technology and personnel. Read more
Remote welcomes Easop to demystify global equity management (Remote)
Today, Remote has announced its acquisition of Easop, aiming to streamline equity compensation compliance for globally distributed teams. Easop’s technology simplifies equity management for employers while making these plans more accessible for team members. The combined Remote-Easop solution will facilitate global companies in offering equity to employees worldwide, enhancing their compensation packages and attracting top talent. This acquisition addresses the complexities of global employment and compensation, providing companies with sophisticated equity management capabilities and country-specific insights. With the integration of Easop, Remote aims to make global employment effortless and equitable, offering an expanded toolkit for creating competitive compensation packages. Read more
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