Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre.
Please read our Privacy Policy.

Accept
Channels
Profile
Location
Amsterdam
Member since
2010
Reads
Writes about
Arjeh Van Oijen

Arjeh Van Oijen

CEO at unchain.io
Message Message me Posts: 0 Comments: 35
Bio CEO and co-founder of unchain.io. Unchain offers a gateway that enables organisations to integrate their applications or devices with blockchain networks in an easy, fast and secure manner without involvement of scarce blockchain experts and irrespectively the applied blockchain technology. Career History A long-lasting career in selling, architecting and implementing solutions to process business critical financial transactions and in particular payments. Worked for consulting as well as solution companies with IBM as last before starting unchain.io.

Arjeh is Commenting on

Will trust woes undermine Open Banking under PSD2?

  I fully agree with Steve's statement on the 'secure enclave of the mobile phone'. This technology is already used by payment schemes like Apple Pay and Android Pay. The key issue is that this capability is not made available/accessible to any party/App, but only to the ones that are permissioned by the owner of the phone eco-system. The question is whether legislation should be created that force the owners/controlers of the phone eco-system to open up the 'secure enclave' to any party that wants to make use of it, in the same way banks (ASPSP) have been forced to open up the payment account. The application area and value of this 'secure enclave' goes way beyond payments, but can be applied for every type of (2F) authentication and digital signing.

07 Nov 2019 Reply Read article

ECB Exec: Libra has been a "wake up call" for central bankers

  The Libra is a stable coin that can only be acquired by bringing in a deposit in a fiat currency. From that perspective it does not create a new asset or money, it is only another appearance of fiat currency, similar to bank notes. The interesting part is that it is not linked to one fiat currency (like most stable coins), but to a basket of multiple fiat currencies. The most well known basket currency so far has been the ECU (European Currency Unit, which was the stepping stone to the Euro), another one is the SDR. Important benefit of a basket currency is that the rate movements against the individual fiat currencies in the basket are smoothened and less volatile than the rates between the fiat currencies. At the end of the day the total value of all Libras that have been sold, must be covered by the deposits that have been made by the buyers of the Libra in the different fiat currencies.

19 Sep 2019 Reply Read article

Finma updates stable coin guidance as Facebook's Libra hovers into view

  In my perception a stablecoin backed with deposits of underlying fiat currency (or in case of Libra the currencies that are part of the basket) would fall in the EU under the e-Money institution directive. Any thoughts or PoVs on this?

11 Sep 2019 Reply Read article

The challenging fragmentation of the international payments system

  In 1996 the SET consortium was established by Visa, Mastercard, Microsoft, IBM, Netscape and others. They jointly created the SET standard and was supposed to become the de-facto standard to secure payments and other electronic transactions conducted via the internet. SET would be supported by the different browsers (at that time mainly Netscape and Microsoft) so that man-in-the-middle attacks were not possible. Apparently, the technology was too early/complex/expensive for wide adoption and conflict of interests too strong, which caused that it never became the overall transaction security standard that one had envisioned. As a result, alsmost 25 years later we are still facing multiple 'standards' and difficulties implementing SCA (like for PSD2).

12 Aug 2019 Reply Read article