Arqit Quantum inc., a leader in quantum encryption technology, is pleased to confirm the appointment of Jason nabi as Managing Director, Financial Services, with “immediate effect”.
As a 30-year veteran in the capital markets and fintech sectors, Jason has “held senior positions in some of the world’s largest banks, including HSBC and BNP Paribas, and worked for other market leaders. , including Bloomberg, IBM and blockchain company Paxos, ”according to an update shared with CI.
Jason has considerable experience in service development, “delivering growth and innovative technology products, including digital assets”. The update also noted that he is “the founding member of the Global Blockchain Business Council, a recent member of the ISSA Board of Directors as well as a frequent speaker on the digitization of capital markets. “
Founder, President and CEO of Arqit David williams, declared:
“QuantumCloud ™ has already solved some of the biggest cybersecurity challenges of the time and proven it with major defense and telecom customers. We are now certain of its universal application and demand in financial services. We are delighted that Jason is joining our company to build a successful team to lead our financial services division and capitalize on the massive unmet demand not only for more powerful and simpler encryption, but also for the value-added services that we develop. “
Jason Nabi noted:
“Joining Arqit’s team of world-class quantum technology and cybersecurity experts is a true honor. Financial services are turning to digital assets and the adoption of crypto investing is witnessed everywhere. For every business and financial services institution, protecting customer data, securing transactions, and securing assets in a digital ecosystem requires stronger, simpler encryption.
He added that “the boom in digital assets will not last until the crypto problem within them is resolved.” He also noted that Arqit has “done this and is already the market leader in this area with an impressive array of clients and [he’s] delighted to contribute to the growth and development of the company in the financial services industry.
As mentioned in the update, Arqit provides “a unique quantum encryption platform that secures the communication links of any networked device against current and future forms of attack, even from a quantum computer.”
Arqit’s product, QuantumCloud ™, “allows any device to download a lightweight software agent of less than 200 lines of code, which can create encryption keys in partnership with any other device.
The keys are “computer secure, single use, and trustless.” QuantumCloud ™ can create unlimited volumes of keys in unlimited group sizes and can regulate the secure entry and exit of a device in a group, ”explained the announcement while noting that the addressable market for QuantumCloud ™ is “Each connected device”.
On September 7, 2021, Arqit “finalized its business combination with Centricus Acquisition Corp., an ad hoc acquisition company”. The combined company “retained the name Arqit Quantum Inc. Arqit trades on the Nasdaq under the ticker symbols ‘ARQQ’ and ‘ARQQW’.”