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 (55) 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: 222 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

Risk Management in Fintech: Utilizing APIs for Comprehensive Financial Analysis

11 h

The fast-paced world of financial technology, or fintech, has redefined the way financial institutions function, ushering in a new era of efficiency and creativity. But with this transformation comes the necessity for robust risk management strategies to tackle potential challenges and safeguard the financial ecosystem. One of the potent tools th...

Most outdated technologies employed by banks

18 Dec 2023

Banks play a crucial role in funds management and delivering essential financial services. Nevertheless, certain outdated practices, such as the sluggish and expensive traditional wire transfer system, are in need of a modern overhaul. Additionally, reliance on paper-based processes and the use of outdated mobile applications can hinder the effici...

How will AI change the retail stock trading industry?

14 Dec 2023

Retail stock trading refers to the buying and selling of company shares by individual investors using their own money. The retail sector is a crucial part of the financial markets. It should be mentioned that retail stock trading has gained a significant role recently with the democratization of technology. Barriers for entering the markets are lo...

AI-driven sales in banking is not a utopia anymore

05 Dec 2023

In the ever-changing world of finance, artificial intelligence (AI) is reshaping the way banks connect with customers and drive sales. What may have once seemed like a distant dream is now a tangible reality, with AI-driven sales proving their worth in enhancing customer experiences, streamlining processes, and ultimately boosting revenue for bank...

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