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 (51) 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: 218 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

Top Programming Languages Employed By The Banks Today And 10 Years Ago

01 Dec 2023

Welcome to the dynamic world of finance, where every tick of the clock and precision in operations matter. In this ever-evolving landscape, programming languages take center stage in shaping the tech backbone of banking institutions. Over the last ten years, we've witnessed a fascinating transformation in the languages that power the robust and ef...

Exploring Alternative Investments: Diversifying Portfolios for Traders

29 Nov 2023

In the fast-paced realm of finance, where traditional investment paths often fall short of expectations, unemployed traders find themselves in uncharted waters. The landscape of investments is evolving, and the standard approaches may not be enough to weather economic uncertainties. In these times, exploring alternative investments becomes crucial...

Cash Apps in the Age of Digital Transformation: Adapting B2B Payments for the Future

27 Nov 2023

In this fast-paced digital era, businesses are experiencing a significant shift in how they manage their finances and conduct transactions. The tried-and-true methods of dealing with financial transactions and maintaining cash flow are gradually giving way to innovative financial technology solutions. Cash apps, particularly in the world of busin...

Future-Proofing Your Finances: Adapting Bank Account Management to Evolving Business Needs

25 Nov 2023

In a world where technology is evolving at breakneck speed and the business landscape is in constant flux, safeguarding our financial future has never been more crucial. Amidst the myriad factors contributing to financial stability, effective bank account management emerges as a linchpin for both individuals and businesses. This article aims to e...

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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