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Konstantin Rabin

Banking Data For Third Parties

Money is not the only thing banks store in their premises. The other valuables are counted in bytes — or even petabytes, i.e. client data. Everything about customers, from their personal information t...

29 Nov 2016
Innovation in Financial Services
Konstantin Rabin

Can Banks Become New Video Stores?

Some time ago, I read an article by a former employee of a video store, which vanished from the surface because of the supremacy of video streaming services like Netflix or Hulu. Although the store s...

28 Jul 2016
Innovation in Financial Services
Konstantin Rabin

Brexit And Fintech: What Will Happen?

Brexit still remains a hot topic in the media. The consequences of the British referendum will have—well, they already do—a profound impact on the world’s economy. Fintech companies are no exception t...

04 Jul 2016
Innovation in Financial Services
Konstantin Rabin

The Past And The Future of Banking

In the last century, banks faced two major crises, which resulted in economy collapses, bankruptcies, new regulations and a more secure environment. In 1929, just before the Great Depression, the ba

16 May 2016
Innovation in Financial Services
Konstantin Rabin

What If Google Made Fintech

Google Company — now renamed to Alphabet — started as an academic project on Stanford University exactly 20 years ago. After these two decades Larry Page and Sergey Brin, the students, who developed

10 May 2016
Innovation in Financial Services
Konstantin Rabin

Three Sectors Lost By Banks

There were the times when banks had almost everything. They offered deposits, loans, cards, money transfers, currency exchange, insurances and so on. And the most compelling thing was that they had al...

02 May 2016
Innovation in Financial Services
Konstantin Rabin

How did I Explain Banking API to My Grandma

Recently I've made a post about the importance of preparing for PSD2 already now. Even though it got quite popular, I thought to myseulf - why don't we take a step back and focus on expaining banking...

18 Apr 2016
Konstantin Rabin

Why Banks Need To Start Preparing For PSD2 Already Now

The PSD2 directive will be effective starting from January 2018 — a plenty of time it seems. However, two years for EU member states and banks to incorporate new regulations are in fact very tight sch...

08 Apr 2016
Konstantin Rabin

Financial Information: Whose data is it, anyway?

When banking APIs emerged, or even when their processing screen scraping technology was used, banks hysterically objected, trying to block this “extraordinary” access to their clients’ data. It wasn’t...

17 Mar 2016
Konstantin Rabin

PSD 2 and XS2A Impact on the Banking Sector

The mother of all European Union banking regulations, Payment Services Directive (PSD), was adopted in its revised version – the so-called PSD2 – by the European Parliament last October. This updated ...

22 Feb 2016
Konstantin Rabin

How to create Financial Industry 2.0 with banking API

How banks operate today is just outdated. Their procedures tend to be complex, inconvenient and offline. Either the banks will adopt new technologies or innovative companies will remove the banks fr

21 Jan 2016