We are now licensed AISP!
Kontomatik UAB, a subsidiary of the leading Polish fintech company Kontomatik Sp. z o.o., received the account information service provider license (AISP) from the Bank of Lithuania. According to the PSD2 directive, the license enables a provision of payment services for customers within the European Union. As the first company with Polish origin, Kontomatik will …Read more
Kontomatik appoints Piotr Warsicki as new CEO
Warsaw, Poland– May 15, 2018 – Kontomatik, the leading banking API in Europe, has appointed Piotr Warsicki as its new CEO. Officially starting on May 7th, Warsicki takes over from founder and current CEO Marcin Truszel, who will stay with the company as a board-member. Kontomatik allows customers to electronically access the bank account information and share …Read more
Banks of No Innovation
They are big, they are rich, they have resources. Yet many of them just can’t bring anything new to the world of finances they are in, while small startups can. What keeps some banks from innovating? Banking used to be quite a simple thing: take money from the ones who have a surplus of it and …Read more
What is open banking and how APIs help?
Depending on who you ask, the answer to this question can vary. Banks see it as a way to improve customer satisfaction in an increasingly digital economy. Fintech startups see it as an opportunity to compete in a crowded market. Consumers see it as a more effective way to control their personal finance. All of …Read more
Most Innovative Banking Products to Look For in 2017
In the tech industry, “disrupt” is the most powerful word that can appear in any headline. It’s the perfect definition of how many startups aspire to do business. They find a process that’s heavily integrated into our society, design a better way to do it, and collapse the foundation supporting an entire market. Economist Joseph …Read more
The Best B2B Lending Companies
The P2P lending industry proved to the world that alternative financing models could work. In China, P2P lending grew from $30 million in 2009 to $7.8 Billion today. But it’s not the industry’s explosive growth that is truly revolutionary. The truth is, it’s the concept of peer to peer lending that changes the game. Something …Read more
The Biggest Fintech Fails of 2016
Scandals, frauds, bankruptcies and wipe-outs are nothing unusual in the financial world. They accompanied the industry since it was born, and 2016 was no different. Last year there were a couple of failures that cost billions of dollars and could lead to serious problems in the whole global economy. Deutsche Bank One of the world’s …Read more
Interview with Rafał Gibczyński, CEO of SOLVEN and Polozyczka
Recently, we have conducted an interview with Rafał Gibczyński, CEO of SOLVEN & Polozyczka, an award-winning online lending platform. In this interview, you will find out the current status and the future plans of SOLVEN Sp. z o.o. and the secret sauce behind SOLVEN’s success. Hey there Rafał, could you briefly describe your background and …Read more
2nd Annual Subprime Credit Forum in Prague is over!
Last week Kontomatik’s Team appeared at the 2nd Annual Subprime Credit Forum in Prague, CZ as a silver sponsor and the only #Fintech company. For many observers, short-term lending has a negative reputation due to the extremely high interest rates charged and in recent years regulators have really concentrated efforts to provide regulation and consumer …Read more
Kontomatik finalises its GDPR readiness
General Data Protection Regulation (GDPR) will come into power on the 25th of May, 2018. As Kontomatik has always been striving to offer its services under the regulatory umbrella, we would like to inform you that we are well aware of the GDPR and are doing everything at our disposal to remain compliant. We are …Read more
Lending as a Service Explained
For decades lending was a standardized, yet tedious and time-consuming procedure. It also involved lots of human interaction and work. But it’s about to change — or rather is changing right now — with new technologies and solutions helping banks and fintech companies in simplifying and automating the process, thus cutting downtime, costs, and risks. …Read more
Kontomatik Presents at FinDEVr London 2017
This June our team has attended one of the leading European events dedicated to the development of the financial apps – FinDEVr 2017 in London. Previously we have spoken at Finovate and FinDEVr events about banking APIs and their integration, mobile onboarding of the customers, and this time we decided to take a completely different …Read more
10 Biggest Mistakes of Fintech Startups
For entrepreneurs in the Fintech industry, it seems as if the sun is finally rising. Once rigid in their ways, major financial institutions have demonstrated that they’re open to working with innovative new companies. A few noteworthy success stories have paved the way for alternative financing models, and first-round investment meetings have a much more …Read more
Kontomatik Status page is here!
Kontomatik joins the ranks of top SaaS service providers like Amazon, Google Cloud or Salesforce, by launching Kontomatik Status page – a place where clients can learn the real-time status of supported banks. For each bank, we display a timeline of the past 7 days, colored in green, when everything is fine. If an outage …Read more
Top Banking Trends 2017
Innovation in the financial services is certainly a hot topic. It is fueled by ever-growing investments in the fintech sector, outdatedness of the core banking systems and the regulation that requires banks to cater for the new technologies. However, with so many things on a table, it might be challenging to define the top banking …Read more