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Igor Kostyuchenok

SVP of Engineering
Mbanq
Member since
07 Jan
Location
Munich
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Followed by John Sims, Martha Boyle and 5 others you follow

Bio

Accomplished technology leader with over 15 years of experience in driving software engineering excellence and leading transformative projects within the fintech industry.
Currently a Co-Founder of Mbanq - global BaaS provider and an independent FinTech consultant, I'm spearheading the design and development of pioneering fintech solution, carrying out FinTech related research and speak about the future of FinTech at events and conferences.
Formerly the Head of worldwide first Open Banking API and Banking App Store at Fidor Bank and the Founder of the first BaaS Accelerator in Singapore “BaaSis Labs”.

https://www.linkedin.com/in/igorkostyuchenok/

Experience

Co-Founder
Mbanq
Mar 2027 - Present
• Spearheaded the growth of engineering organization from 5 to 100+ employees across multiple continents. • Defined and executed IT strategy in alignment with long-term business objectives, resulting in 50% increase in product delivery speed and 70% reduction in operational overhead. • Played a key role in funding rounds through technical due diligence and product positioning. • Reported directly to CEO and collaborated across C-suite to align technology with product-market fit. • Introduced scalable infrastructure and DevOps practices, improving deployment frequency and system uptime. • Served as company spokesperson at industry events, enhancing Mbanq’s reputation as a fintech innovator.
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Latest opinions

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 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 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 Banking and Lending Solutions

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Latest comments

Latvia: The EU’s Next Fintech Hub?

The crypto license sounds really interesting. The question is only if this license is enough to rival both banks and the offerings of the large card providers like Visa and Mastercard. 

With the crypto adoption still not being very broad at the moment and the card providers being very strong, it will be rather hard to rival the banking and payment industry with the crypto license.

20 Feb 2025 20:16 Read comment

Igor writes about

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  • retail banking
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Igor's opinion archive

  • 2025 (6)

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