Terry Hubert

Jul 3, 2024 | finextra.com | Eli Talmor |Guy Melamed |Raktim Singh |Terry Hubert

High-quality data is the bedrock of an effective anti-money laundering (AML) and watchlist screening programme. Incomplete or inaccurate data can lead to false negatives, potentially allowing illicit activities to go unnoticed. Conversely, it can trigger false positives, leading to unnecessary investigations and resource wastage. With data volumes increasing exponentially, the risk of such data mismanagement is a growing concern for organisations.

Jul 3, 2024 | finextra.com | Guy Melamed |Raktim Singh |Terry Hubert |Bo Harald

DeFi - Addressing the Limitations of Traditional Finance. DeFi, or Decentralized Finance, aims to tackle several problems users face with traditional financial systems: Limited Access: Traditional finance often excludes people due to factors like geographical location, credit history, or minimum balance requirements. DeFi, built on blockchain technology, offers permissionless access, meaning anyone with an internet connection can participate.

Jul 2, 2024 | finextra.com | Raktim Singh |Terry Hubert |Bo Harald |Joris Lochy

News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Ever-increasing digitalisation is propelling the world of financial services to act faster and do more than ever before.

Jun 24, 2024 | finextra.com | James Booth |Jamel Derdour |Terry Hubert |Nikolay Denisenko

There is a famous phrase, which has been attributed to both Winston Churchill and George Bernard Shaw, that states the UK and the US are “two nations divided by a common language”. This refers to the fact both countries use the same language, but style, spellings, and meanings are often quite different. This analogy can easily be extended to payments.

Jun 21, 2024 | finextra.com | James Booth |Jamel Derdour |Terry Hubert |Nikolay Denisenko

The MiCA regulation has established a unanimous law to govern and regulate crypto assets. The regulation will clarify the crypto asset definition and categorize the types – utility, asset-referenced tokens (ART), and e-money tokens (EMT) – based on the risk factors it entails. For example, e-money and asset-referenced tokens will require higher capital and manage liquidity by specific standards.