Dominique Dierks - Community Author: Finextra Research

AI, CBDC, and stablecoins: Trending tech in the payments sector

Dominique Dierks Content Manager at Finextra

AI, CBDC, and stablecoins: Trending tech in the payments sector

This is an excerpt from the Future of Payments 2025 report. Never has technology evolved as quickly as it does today, and innovation is ripe in finance and banking. AI, tokenisation, stablecoins, CBDCs and hyper-personalisation are all elements of discussion when it comes to making transactions more secure, streamline operations, reduce costs an...

25 October 2024 /Sibos

Pix Automático: Unlocking the potential of recurring payments in Brazil

Dominique Dierks Content Manager at Finextra

Pix Automático: Unlocking the potential of recurring payments in Brazil

Brazil’s Pix has been one of the most impactful success stories over the last decade. Created by the country’s Central Bank, the instant payments system purpose was to modernise Brazil’s payments industry by reducing consumers’ reliance on cash, lowering financial costs, and fostering financial inclusion – and it succeeded brilliantly. Launched in...

22 October 2024 /payments

Unlocking the opportunities of embedded e-commerce in the African market

Dominique Dierks Content Manager at Finextra

Unlocking the opportunities of embedded e-commerce in the African market

This is an excerpt from the Future of Embedded Finance in Africa 2025 report. E-commerce in Africa is booming, driven by increasing access to internet and smart phones across the continent, combined with affordable data plans, a young and tech-savvy population, as well as the growing availability of digital payment methods. Statista expects the re...

16 October 2024 /Sibos

Ushering in a new era of real-time payments

Dominique Dierks Content Manager at Finextra

Ushering in a new era of real-time payments

The progress in real-time payments (RTP) has been significant over the last few years, and the momentum is showing no sign of slowing down. Today, there are around 96 RTP systems operational globally, with more and more countries building out their payments landscape. The economic impact of real-time payments is significant. In 2023, 266.2 billion...

26 September 2024 /payments

The future is now: Open Finance is here to stay

Dominique Dierks Content Manager at Finextra

The future is now: Open Finance is here to stay

This year, open banking in the UK celebrated its sixth birthday and reached the milestone of 10 million customers. In today’s world of instant and cross-border payments, the era of Open Finance has well and truly arrived. Customer demands are changing, and data is becoming increasingly vital for financial institutions. Open Finance allows banks to...

05 September 2024 /markets

The top payment stories you missed in July

Dominique Dierks Content Manager at Finextra

The top payment stories you missed in July

It was an eventful month in the financial sector. Catch up on six of our most-read news and updates from July 2024. Revolut is finally granted a UK banking license After three years of trying, Revolut has been granted a banking license, with restrictions, by the Financial Conduct Authority. Once the ‘mobilisation stage’ has been completed and the r...

02 August 2024 /payments

5 common types of data breaches in the financial sector

Dominique Dierks Content Manager at Finextra

5 common types of data breaches in the financial sector

Global cybercrime is thriving. The 2023 UK Cyber Security Breaches Survey found that over the last 12 months, 32% of businesses have experienced a data breach, with that number climbing to a stunning 69% for large businesses. The financial sector is a popular target for cybercriminals, and ranks second in the global cyber incident damage statisti...

12 April 2024 /security

AML Basics: How to prevent money laundering

Dominique Dierks Content Manager at Finextra

AML Basics: How to prevent money laundering

In today’s globalised economy, money laundering is increasingly concerning for financial institutions worldwide. 2022 alone, the worst-recorded year for AML events, recorded over 16,000 AML events. In the UK, the government estimates that money laundering costs every single household £255 a year. The problem is exacerbated by the fact that crimin...

05 April 2024 /crime

What’s AML? Understanding anti-money laundering and counter-terrorism financing

Dominique Dierks Content Manager at Finextra

What’s AML? Understanding anti-money laundering and counter-terrorism financing

In banking, AML (anti-money laundering) describes legally recognised rules and activities that financial institutions perform in order to combat money laundering. AML is closely attached to CFT (counter-financing of terrorism), and AML regulations tend to combine money laundering (source) with terrorism financing (destination). What are the main t...

22 March 2024 /crime

How is generative AI democratising the availability of banking services?

Dominique Dierks Content Manager at Finextra

How is generative AI democratising the availability of banking services?

Generative AI’s potential is vast, and there are opportunities for this technology to improve customer experience, enhance decision-making, increase colleague productivity and streamline processes. However, there is a need for oversight and ethical considerations – as there is with all types of AI – such as addressing inherent bias in data and ens...

19 March 2024 /devops

BNPL – are we nearing extinction in Europe?

Dominique Dierks Content Manager at Finextra

BNPL – are we nearing extinction in Europe?

In an unexpected move, NatWest has announced the closure of its buy now, pay later (BNPL) service less than two years after its launch. While citing a “clear demand” from customers for BNPL products at the initial launch in 2022, the bank now revealed that their service did not have the desired impact and uptake remained low as customers instead ...

15 March 2024 /payments

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

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