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Location

Warsaw

Member since

2015

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Writes about

Artificial Intelligence Cards Security Blockchain Trade execution Mobile & online Payments Regulation & Compliance Retail banking Innovation Developer Transaction banking Start ups Financial inclusion Brexit Next Gen Banking

Konstantin's blog archive

2019 (37) 2018 (1) 2017 (1) 2016 (11) 2015 (2)

Konstantin Rabin

Head of Marketing at Kontomatik

Message Posts: 54 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

Asia Financial Services

Miaozhen System publishes China’s updated digital marketing ecosystem map

11 Dec 2019

Digital Marketing is expected to rise by 17% percent in the US, with the ad spend of up to $334 billion. In China, this percentage is even higher, with the expected growth being 22%. The industry is definitely growing and will probably outshine tradition marketing pretty soon, but what is interesting about this phenomenon is that according to the ...

Fintech

China is on a mission to regulate Fintech

22 Nov 2019

China has now publicly voiced its desire to be the leading country in financial technology development and adoption. The president of the republic openly called for the promotion of blockchain technology across the nation and proceeded to block all the negative opinions about blockchain throughout the Chinese cyberspace. But now the Chinese govern...

MiFID

ESMA introduces TC-CCP classification system - Another move to block risky trades?

15 Nov 2019

The European Securities and Markets Authority has introduced a new system that will classify Third Country Central Counterparties according to tiers. The tiers will be assigned to the CCPs according to their roles with a member state. What this means is that if, for example, South Africa continues its crucial fruit trade with the Netherlands, it w...

Financial Inclusion

Kenya adopts a data protection law to bolster tech investments

14 Nov 2019

Kenya just took a big step towards its tech development. On November 8th Kenyan president, Uhuru Kenyatta approved a data protection law that complies with European Union legal standards. This will finally allow Kenya to embrace its full potential when it comes to tech innovations and startups and to attract more investments in its information tec...

See all Konstantin's blogs

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