Konstantin Rabin Head of Marketing at Kontomatik
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 BackRub search engine that became the foundation for Google.com, are leading one of the biggest companies in the world (listed #40 on Fortune 500 an
10 May 2016 /retail Innovation in Financial Services
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 almost no or little competition. Unfortunately for banks, these times are over. New players on the market found their niches to challenge the big ones. ...
02 May 2016 /payments /retail Innovation in Financial Services
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 API in very simple words? I got inspired by the title of an article "How I Explained Blockchain to My Grandmother" and decided to make a s...
18 April 2016 /retail
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 schedule. Meeting new directive requirements means to banks a lot of work on infrastructure. They typically rely on legacy systems with monolithic struct...
08 April 2016 /retail
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 only security precautions, which drove this reaction — banks often referred to as opening the Pandora’s box — but mostly something very simple and p...
17 March 2016 /retail /inclusion
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 Directive imposes new duties on banks in order to make the financial ecosystem more competitive, safe and secure; ultimately, better for consumers. ...
22 February 2016 /retail
How banks operate today is just outdated.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 from the banking services. The way we live today is completely different from the way people approached their lives a few decades ago. The essential tas
21 January 2016 /retail
We are living in the age when everything tends to be in the cloud, mobile friendly and easily accessible. The way many people make money has changed drastically over the last few decades, more and more people are doing the jobs that simply didn’t exist some years ago. While the ways to generate revenues have been changing drastically, the methodol...
27 October 2015
We are living in the times of the trust shift, while some 15 years ago people were afraid to use their credit cards for the Internet transactions, today some customers would rather hide their savings under the pillow than put them in the bank accounts. Consumers of financial products across the globe are losing their faith in banks, and this is wh...
18 August 2015 /retail
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