Profile

Location

Warsaw

Member since

2015

Writes about

Security Payments Regulation & Compliance People Wealth management Retail banking DevOps Start ups Financial inclusion Cryptocurrency Markets Financial Crime Covid-19 Predictions

Konstantin's blog archive

2023 (5) 2022 (47) 2021 (16) 2020 (44) 2019 (40) 2018 (1) 2017 (1) 2016 (11) 2015 (2)

Konstantin Rabin

Head of Marketing at Kontomatik

Message Posts: 172 Comments: 8

Bio Konstantin has taken part in various projects in the European financial industry for the last 4 years. Currently Konstantin is heading marketing at KontoX - a European developer of bank API. In addition to this, Konstantin often publishes articles on finance and technology on key industry websites.

Blogs

Despite Scandals and Issues, Bitcoin Rallies – Are Bitcoin Whales and Bitcoin Maximalists the Explan

01 Feb 2023

Bitcoin has had a difficult year but seems to be ending 2022 on a positive note. Are whales and maximalists the reason why? Find out here. The world of bitcoin and cryptocurrency can seem confusing and highly technical to the layman. It’s full of industry jargon and complex terminology that make it appear impenetrable and reserved for only the most...

Open Banking and NeoBanking - Fintech Trends For 2023

31 Jan 2023

2022 was revolutionary for the financial industry. Changes happened in a good way as the qualities and diversity of available services improved significantly. Because of huge development, it is considered that the fintech industry will not be the same anymore in 2023. There will be much innovation and aspiration to top quality services in differen...

The growth projections of online trading in Africa

13 Jan 2023

Cryptos are becoming super popular worldwide, and the African region is no exception. Countries like South Africa and Kenya are adapting to cryptocurrencies so fast that their governments have a hard time catching up and properly regulating the market. Combine trading with cryptos, and we have a whole new sector of online trading that promises pro...

Current VS Future Trends Of Payment Methods In iGaming

06 Jan 2023

The iGaming industry continues to grow more and more. Why do we think like that? Because the iGaming industry has experienced rapid growth in its total worth over the past two years. In 2020, the global iGaming market was valued at $53 billion and reached approximately $94 billion in 2022. With more players entering into this space each day, it is...

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Konstantin is Commenting on

Is there a place for social media data in credit risk assessments?

I definitely agree with "Social media data could fill holes in the data available to credit scoring particularly where there is little other information about a person eg young people who have yet to build up a credit history". On its own, Social media data is unlikely to be the only source of information for credit asssessment. There are a few reasons for it, but I feel that the most important one is that it is pretty easy to manipulate the data. However, if social media data is combined with another powerful source, like a banking data of the user, it can certainly be a very useful. By the way, there are companies that have been using social media data for scoring for a few years already :) Would be lovely if you could provide a few exmaples of using the data though. Apart from that, great job!

16 May 2016 Reply Read article

What If Google Made Fintech

Well, I think it goes a bit further than that. Say the availability of previewing Domain Authority in search results is of a significant importance for me. Luckily there is a plugin available for Google Chrome that allows be to combine my favourite browser with an essential tool. If this plugin wasn't available, perhaps I'd have to use a browser made by MOZ (and probably there would be one)...hence google would get less data, less impressions, less income. That's what the banks don't get. As for the costs and profits, banks are already losing their sectors. PayPal, TransferWise and many others are offering better and cheaper solutions..and the presence of bank fees is something that would result in lower volumes, hence profits. Is there anyone using a paid personal email account? Why would then anyone pay for having a bank account?

12 May 2016 Reply Read article

What If Google Made Fintech

Well, banks could certainly live out of client deposits without charging any unnecessary fees...if only the banks could optimise their processes. Yes, Ads are the core revenue stream of Google today. Would it still be main contributing over 90% in 10 years from now? I doubt that. Next to this, Google integrates advertising in its products like gmail. Hence, Google Ads are happening outside of the search engine itself as well.

11 May 2016 Reply Read article

Why Banks Need To Start Preparing For PSD2 Already Now

Hey there Jop, Well, there were quite a few articles that explain what PSD2 is. Hence you can treat this piece as the ones designed for "advanced users". You can find out more about PSD 2 in my previous post here: https://www.finextra.com/blogposting/12261/psd-2-and-xs2a-impact-on-the-banking-sector Also, we have uncovered some basics of PSD 2 on our blog here: http://kontomatik.com/post/eu-it-s-official-a-new-era-in-banking-starts-now Do you, perhaps, work for a bank?:)

15 Apr 2016 Reply Read article