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22 Results from "Dominique Dierks"

Dominique Dierks

Dominique Dierks Content Manager at Finextra

What is CBDC? Understanding digital currencies

CBDC (central bank digital currency) is a form of digital currency that a country’s central bank can issue alongside cash. Their value is linked to the issuing country’s official currency. For example, if the UK were to release a CBDC, it would be called the digital pound. While cash is a physical commodity, a CBDC is a digital currency that can b...

/payments

Dominique Dierks

Dominique Dierks Content Manager at Finextra

What’s happening at Binance? A 2023 timeline

With a resigning CEO and a record-breaking payout of billions of dollars – Binance’s November settlement was just the tip of the iceberg of a year filled with regulatory woes. In this article we highlight the key events of 2023 that led to Binance agreeing to pay some of the largest fines in US history. March 2023: CFTC sues Binance In March, the U...

/crypto

Dominique Dierks

Dominique Dierks Content Manager at Finextra

2023 APP fraud trends and changing liability at a glance

APP fraud has been an increasing concern for both banks and customers. While consumer education and fraud prevention are being prioritised by financial institutions, regulators have been looking at the question of liability. The new PSR directive on APP fraud reimbursements highlights a historic change in the way fraud liability is handled. This a...

/regulation

Dominique Dierks

Dominique Dierks Content Manager at Finextra

Understanding ISO 20022

Instant and cross border payments are high on the list of priorities for businesses and authorities worldwide, yet interoperability and integration between different clearing systems has been a challenge hindering meaningful progression. That’s why ISO 20022 will be a game changer once it becomes an official messaging standard. Yet for novices, t...

/regulation

Dominique Dierks

Dominique Dierks Content Manager at Finextra

What is the EU AI Act? Understanding Europe’s first regulation on artificial intelligence

Artificial intelligence has rapidly evolved over the last couple of decades. Yet while AI innovation and adoption offers numerous benefits, it has so far been largely unregulated. This is about to change as the European Commission presses on with the EU AI Act. Signifying the first global piece of AI regulation, the proposed framework is drafted t...

/regulation

Dominique Dierks

Dominique Dierks Content Manager at Finextra

An outlook on emerging technologies, alternative finance and digital identity

This is an excerpt from The Future of Digital Banking in North America 2024 report. The collapse of the cryptocurrency platform FTX in late 2022 has sent waves through the industry that continue to linger. It triggered not only the loss of trust but also increased scrutiny for digital currencies and decentralised platforms by regulators. While the...

/crypto

Dominique Dierks

Dominique Dierks Content Manager at Finextra

How SaaS integration drives payment modernisation

Our latest Finextra webinar, ‘SaaS migration: Why outsourcing to multiple providers is the key to SaaS’, hosted in association with Bottomline, explored the current challenges and benefits of moving to SaaS-based solutions in the race for digital payments transformation. Panellists Edward Ireland, joint head of commercial product management of fin...

/cloud

Dominique Dierks

Dominique Dierks Content Manager at Finextra

Artificial intelligence, data and technology adoption – a balancing act

This is an excerpt from The Future of Digital Banking in North America 2024 report. Safe and accurate data is a foundation for financial companies. Enriching and authenticating data between parties will enable institutions to use their data more intelligently, make better decisions, address real customer needs and offer embedded finance. Yet in re...

/regulation

Dominique Dierks

Dominique Dierks Content Manager at Finextra

Prioritising cybersecurity and fraud mitigation in the digital age

This is an excerpt from The Future of Digital Banking in North America 2024 report. It’s worthwhile to note that, while embedded finance is opening the doors to more efficient and effective banking, the global interconnectedness and easy facilitation of cross-border payments also exposes new vulnerabilities. The complex web of distribution can be ...

/security

Dominique Dierks

Dominique Dierks Content Manager at Finextra

The necessity of strong foundations for changing global payment rails

This is an excerpt from The Future of Digital Banking in North America 2024 report. Modernising payments by adapting non-traditional payment systems is generally thought of as the way forward for financial institutions. But in order to effectively embrace non-traditional payments, authorities and institutions need to be able to draw from solid fo...

/payments