Fintech Blog

June 29th, 2017

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 …

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September 13th, 2016

Performing Customer Identification Online: Present and Future

In most of the cases, a company is unable to offer financial services without identifying a customer. However, usually this process is either done offline or is performed online, but sloppily. In this article, we are going to take a look at the most common ways of verifying a customer identity online and will forecast …

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June 20th, 2016

Financial Services and Your Mobile Device – Solutions for Customer Onboarding

The mobile segment of any market has been growing rapidly for the last decade and it is only forecasted to expand even further. While many companies adopt their services for mobile users,  it is still very challenging for the financial sector to onboard the clients via their smartphones. This article explains why and how to …

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March 3rd, 2016

10 questions about banking API

Banking API, PSD 2, XS2A and other terms are heard often in 2016. What do they all stand for? In this article, you will get answers to 10 burning questions about banking API technology. Treat it as your survival guide for understanding financial data aggregation. There are many questions and myths about a banking API. …

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September 17th, 2015

Uber vs Bank API

If you haven’t lived in the deep jungle for the past 2 years, you surely heard of Uber. This company revolutionized the way people can call a cab, but also ran into legal problems in many countries worldwide. And Uber is not the only example of how technology can enable great services and new experiences, …

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October 10th, 2016

Traditional Business Loans vs. Online Lenders

Online lending has been taking a large slice of the pie from both banking and regular lending institutions. While today most of the short-term consumer-lending happens takes place online, business owners still get their funding in an old-fashioned way. Let’s examine the main pros and cons of both online and offline lending and see where …

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August 22nd, 2016

Insurance vs Insurtech

As we approach 2017 insurance companies are going extinct at the same rate as old-fashioned banking institutions. Those that are not there yet will get swept under the rug at their refusal to innovate. Problems integrating with the 21st century are not just an absent digital presence, but instead the complete lack of a reactionary …

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May 16th, 2016

WhatsApp Encryption: The Fintech Possibilities

WhatsApp has recently started with its end-to-end encryption. What are the main reasons behind it? There are many. Privacy concerns could be perhaps the most obvious one. Yet the most beneficial is certainly a potential integration of the messenger with the payment systems. Let’s find out how WhatsApp can start entering the industry of financial …

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October 14th, 2015

What is an API?

Nowadays we hear about API as often as never before. Most of the Internet services come with API, but a few of us may still wonder – “what is API?”. API is an abbreviation from Application Programming Interface and if you look up Wikipedia, it would define it as protocols and tools that are used …

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August 10th, 2015

Screen Scraping Technology

Kontomatik supplies Banking API with the help of screen scraping technologies. In this post I would like to give some basic overview about this technology, its application in the financial sector and outside of it, and also to highlight the benefits of screen scrapers written in Java. What is Screen Scraping? Wikipedia would tell you …

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