Dominique Dierks - Community Author: Finextra Research

Why data is the backbone of predictive AI

Dominique Dierks Content Manager at Finextra

Why data is the backbone of predictive AI

With the launch of ChatGPT in November 2022, a new wave of AI enthusiasm was kicked off that primarily centred around the capabilities and possibilities of generative AI. Signifying a transformational moment in AI technology and smoothing the ease of access to AI, many financial institutions have since started looking at how generative AI can be a...

07 March 2024 /devops /ai

Dominique Dierks Content Manager at Finextra

Why Formula 1 sponsorship is the best brand deal for fintech and payments

As we enter our first race weekend of the 2024 season, many fans have been amused (or irritated) by some of the new sponsors that have emerged for this year’s teams. Especially Visa Cash App RB – a name that doesn’t exactly roll off the tongue, neither does its acronym VCARB – has been subject to countless memes from the sports’ following on socia...

01 March 2024 /markets

What is PSD3? An overview of changes and timelines

Dominique Dierks Content Manager at Finextra

What is PSD3? An overview of changes and timelines

In June 2023, the European Commission announced plans to modernise the Payment Services Directive, ushering in the third Payment Services Directive (PSD3). The long-awaited proposal outlines changes designed to adapt the directive to developments in the European payments market and ongoing digitisation of payments. PSD3 will have a significant im...

16 February 2024 /regulation

The state of cybercrime in the financial sector

Dominique Dierks Content Manager at Finextra

The state of cybercrime in the financial sector

Digital innovation continues to accelerate, but modernisation also offers a fertile breeding ground for cybercriminals. According to IBM’s 2023 Cost of a Data Breach Report, surveying cybercrime across 16 countries, the financial sector comes in second in the global cyberincident damage statistics. More gravely, the average cost of a cyberattack is...

09 February 2024 /crime

Which fintech founders are billionaires?

Dominique Dierks Content Manager at Finextra

Which fintech founders are billionaires?

Last month, City Index released a list of top 10 youngest UK billionaires in 2023. Revolut founder Nik Storonsky emerged in second place, highlighting not just the decreasing age of today’s super-rich, but also the growing wealth emerging from fintechs. Digitisation, evolving consumer demands, and pandemic-induced shifts in the way people save, i...

26 January 2024 /people

When is the next Bitcoin halving? Everything you need to know

Dominique Dierks Content Manager at Finextra

When is the next Bitcoin halving? Everything you need to know

The next Bitcoin halving is just around the corner, which will have significant impact on not just the Bitcoin price but the cryptocurrency industry as a whole. We detail everything you need do know about the Bitcoin halving date and the wider impact of the upcoming halving event. What is a Bitcoin halving? Bitcoin relies on blockchain technology ...

19 January 2024 /crypto

What are instant payments? Understanding real-time payment rails

Dominique Dierks Content Manager at Finextra

What are instant payments? Understanding real-time payment rails

Over the last few years, instant payments – also referred to as real-time payments, faster payments or immediate payments – have increasingly come into focus for authorities and financial institutions alike. As transformation continues to accelerate in the financial sector, the need for instant payments has grown tremendously. Yet what is the infra...

18 December 2023 /payments

What is CBDC? Understanding digital currencies

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...

08 December 2023 /payments

What’s happening at Binance? A 2023 timeline

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...

24 November 2023 /crypto

2023 APP fraud trends and changing liability at a glance

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...

17 November 2023 /regulation

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...

10 November 2023 /regulation

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

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...

03 November 2023 /regulation

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