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

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Konstantin Rabin

Head of Marketing at Kontomatik

Message Posts: 241 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

National Digital Currencies: A New Era of Digital Money

15 h

In a world where technology grows exponentially, its influence transcends all sectors, including finance. Digital currencies are products of these technological advancements, affecting how people perceive and use money. While there have been a series of controversies since the launch of Bitcoin and many other digital currencies, global acceptabilit...

The importance of leverage limits and clearing for financial trading brokers

24 Jul 2024

Leverage limits and clearing and crucial aspects of financial trading. These are measures that protect both the broker and traders from excessive risks. The leverage allows traders to control large amounts of money, or take large trading positions when compared to their trading capital. Clearing on the other hand is a mechanism of settling trades ...

Is an Ethereum ETF on the Horizon?

18 Jul 2024

There is much excitement in the Ethereum cryptocurrency market at the moment with talk of ETF trading being listed any time soon. Ethereum ETFs have recently been approved by the Securities and Exchange Commission (SEC). This much-anticipated approval means that the ether (ETH) – Ethereum’s blockchain currency – will be the second cryptocurrency t...

5 Reasons You Need to Listen to Experts When Investing in Crypto

11 Jun 2024

The biggest problem with investing in crypto is the fact that a lot of first-time investors have a completely wrong idea of what this is about. They’ve all seen people who bought BTC while it was still a handful of dollars per coin and sold for thousands or tens of thousands a piece. In the court of public opinion, these are the people who had a ...

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