Latest opinions that Marten Nelson has shared on Finextra

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Marten Nelson

Co-founder and CEO

M10

Member since

10 May 2017

Location

Stockholm

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Marten's opinions

How a Regulated Liabilities Network Could Solve the Cashless Dilemma

Central bank digital currencies (CBDC) are often mentioned as a key motivation for the rise of a cashless society. As Sweden’s central bank, Riksbanken, discusses in its paper, The Riksbank’s e-krona project, Report 1: "Today, cash is used to an ever-decreasing extent in Sweden, which has led us within the world of central banking to start con...

16 March 2022 /payments /retail Frictionless Payments

Resolving the unintended friction of Web 3.0

Media is buzzing about Web 3.0 and the metaverse. Companies and investors are scrambling to get in on the ground floor and participate in shaping this new iteration of the web. But I think it’s worth exploring some of the unintended consequences of this mass move toward decentralization and what role, if any, traditional financial institutions sho...

10 February 2022 /payments /crypto Decentralized Finance (DeFi)

Paving the way to payments modernization with a Shared Hierarchical Ledger System

Last month the Secretary of the U.S. Treasury admitted that she’s still on the fence about digital currency. Unlike the Bitcoin-loving president of El Salvador, Secretary Yellen thinks further study is warranted before diving headfirst into the digital currency deep end. This hesitancy is good. It’s worth asking a few questions: What’s so great ab...

03 February 2022 /payments /crypto Cryptocurrency Insights

Regulated Liabilities Network: Making space for digital currency within the two-tier monetary system

Here’s a good question: Can digital currency (DC) thrive within the two-tier monetary system that banks use the world over? After all, the current system has stood the test of time and is used by, well, everyone. Tearing it apart and trying to replace it with, say, a cryptocurrency makes little sense. How can we realize the promises of DC without ...

06 December 2021 /payments /crypto DeFi

Payments modernization before CBDC

Mainstream, tech, and fintech media is bubbling with central bank digital currency (CBDC) chatter. The Bank for International Settlements (BIS) is performing excellent research on the topic. They’re answering the critical questions of “why consider CBDC?” and “how to create a CBDC?” amongst other topics. Nearly all central banks are at some stage ...

30 March 2021 /payments /crypto Blockchain in Banking and Financial Services

Open Banking’s First Year-end Dividend

It was only one year ago that Token made history by becoming the first licensed Payment Initiation Service Provider (PISP) to conduct an end-to-end payment through a public bank API. The payment of £4.99 at 18:39 on Friday 1st June 2018, executed through Santander’s API payment initiation endpoints, was confirmed as the first of its kind by the UK ...

03 July 2019 Open Banking

Will banks ever learn? Token.io comments on Facebook's Libra

Yesterday, Facebook announced Libra, a stablecoin to be used for payment in WhatsApp and Facebook Messenger. Libra is a stablecoin pegged to a basket of fiat currencies to minimize fluctuation of its value. TechCrunch writes: “Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to peop...

25 June 2019 /payments

Open banking is just a taste of what’s to come

There’s still hell to pay in the back-end, says Marten Nelson, Co-founder, Token.io. True digitisation in payments means overhauling the core infrastructure as well as its connectivity layer. All the hype about digital transformation in financial services risks eclipsing something really important: that this ‘new dawn’ of open banking extends only ...

05 June 2019 /payments Digital Banking, Mortgages and Savings

2019: the breakthrough year for open banking

January 2019 marked a year since open banking came into play in Europe. While 2018 saw a steep learning curve for all involved, the next year will start to show serious, market-defining transformation. Will banks manage to capitalise on new ways to stay relevant in the digital era? As we head into the end of Q1, now is an ideal time to take stock...

06 March 2019 /payments Open Banking

A Big IDea for Banks

In the digital world banks can win by doing more of the same... What is a bank? A place to store money? Yes, but keeping cash under the mattress doesn’t make a bank of your bed. A lender? Sure. But today you can get a line of credit from almost anywhere. A payments facilitator? Absolutely. Yet banks need third-party tech, independent networks, proc...

23 November 2018 /retail Open Banking