Profile

Location

Warsaw

Member since

2015

Writes about

Artificial Intelligence 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

2024 (14) 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: 237 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

Why Does Bitcoin's Simple Utility Help Its Price?

14 May 2024

Bitcoin's journey is incredible. From an initial value of $0.10 in 2009 to a current value of $61,614.62 at the time of writing, its trajectory is insane. And it will likely keep improving. In the last 12 months, there has been a recorded increase of +212.07%. Many investors will tell you that it is its simple utility that is helping its price...

The Growing Impact of Web3 and Fintech on the Gaming Industry

23 Apr 2024

Web3 and Fintech are having a huge effect on a variety of industries. Chief of which is the gaming industry, which has been able to utilise both of these emerging technologies to offer better services and strongarm new innovations. Today, we will take a look at how Web3 and Fintech are impacting the gaming industry, going over what these technologi...

Crypto processing: Top Companies To Know About

20 Mar 2024

In today's dynamic world of digital transactions, cryptocurrency processing is shaking up the traditional methods of payments across various sectors. Whether it's e-commerce or gaming, cryptocurrencies have gained substantial momentum as a preferred mode of transaction. With the market continuously expanding, numerous companies have emerged as fro...

Does the popularity of crypto payments grow with BTC climbing over the price of over 70k?

12 Mar 2024

The price of Bitcoin has risen sharply since the start of 2024, reigniting talks regarding the mainstream adoption of Bitcoin and other cryptocurrencies. As the main avenue of crypto adoption in mainstream businesses, online payments have been growing rapidly over the years. The fast and reliable nature of crypto transfers enables for seamless tra...

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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