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Igor Kostyuchenok

SVP of Engineering
Mbanq
Member since
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Munich
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Followed by John Sims, Martha Boyle and 5 others you follow
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Igor's opinions

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Igor Kostyuchenok

PSD2 didn’t fix banks. Will FIDA do?

It's been around 10 years since the PSD2 legislation. Let's try to understand whether the goals of the open banking initiative have been achieved and what PSD2 gave us. The idea of open banking legislation had following main objectives: 1. Empower Consumers • Give individuals and businesses control over their financial data. • Make it easier to sw...

09 April 2025 /regulation /inclusion Open Banking

Igor Kostyuchenok

Open Finance, Open Data

The idea of Open Banking is already more than 20 years old. It was coined and promoted by Henry Chesbrough as part of the open innovation initiative. It took the regulators about 10 to 12 years to come up with the PSD2 regulation. Celebrating almost 10 years of PSD2, Europe is taking first steps towards Open Finance and Open Data initiatives. Eu...

27 March 2025 /ai /predictions Artificial Intelligence and Financial Services

Igor Kostyuchenok

Starting a Bank in 2025

Starting your own bank has never been easier. The aftermath of the FinTech revolution left us with a myriad of options for every single part of banking operations. Be it a payment module, an AML and Anti Fraud solution, a card issuing and processing capability or even a Core Banking - you can assemble a bank in million of different ways. Despite ...

21 March 2025 /regulation /retail Banking and Lending Solutions

Igor Kostyuchenok

Will the Euro collapse

European economy's locomotive, Germany, is swiftly moving towards the largest financial crisis since the introduction of Euro. Lack of cheap energy sources, coming trade war with US and China, billions spent on trying to tame Russia and accomodate millions of refugees - all these factors made German economy not competitive. Europe is a slow movin...

13 March 2025 /markets /predictions

Igor Kostyuchenok

Revolut needs more deposits

Revolut is seen as the leading FinTech unicorn neobank from Europe only rivaled by Nubank on the global market. Everyone watches Revolut, sees the rapid customer growth and waits for the Neobank to rival the big incumbents. People at Revolut are doing some of the best work on the market introducing tens of new products every year and offering one o...

04 March 2025 /retail /predictions

Igor Kostyuchenok

Munich Security Conference and the Future of Tech

Munich Security Conference was a shock for some of the Europeans, although it shouldn’t have been. The so called liberal values have contributed to the creation of the new virtual reality with tens of genders, slash of free speech and cancel of the political opposition. What has been preached by the global liberal elites through the US government...

19 February 2025 /markets /predictions

Igor writes about

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  • 2025 (6)

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