Quant joins Innovate Finance and will take to the stage at IFGS 2022


9 March 2022

We have recently become members of Innovate Finance, the independent industry body that represents and advances the global fintech community in the UK. Innovate Finance’s mission is to accelerate the UK’s leading role in the financial services sector by directly supporting the next generation of technology-led innovators. It’s one we are proud to be part of. By bringing together and connecting the most forward-thinking participants in financial services, Innovate Finance is helping create a global financial services sector that is more transparent, more sustainable and more inclusive.

Parveen Dhanda, Ecosystem Director at Innovate Finance, said:

"We are delighted to welcome Quant to the Innovate Finance community, where they will join an ever-growing ecosystem of forward-thinking and innovative companies, ranging from seed stage startups and global financial institutions to investors, professional services firms, and global FinTech hubs. We look forward to collaborating to build a strong and fruitful partnership long into the future."

Innovate Finance Global Summit is the flagship event of UK FinTech Week. It convenes industry leaders ranging from innovators, institutions, regulators to policy-makers, startups and investors. The speakers this year include John Glen MP, Economic Secretary to the Treasury; Julia Hoggett, CEO of the London Stock Exchange; and The Rt Hon Kwasi Kwarteng MP, Secretary of State for Business, Energy and Industrial Strategy.

Our CEO Gilbert Verdian will be speaking on a panel on 5 April 2022. The session - entitled Payments, Payments, Payments: What Else Can We Expect? - will also feature Jane Loginova, Co-founder and co-CEO, Radar Payments; Kat Cloud, UK Policy Lead, Plaid; Ronan Gallagher, Head of Omnichannel Product at Trust Payments; and Jack Wilson, Head of Public Policy at TrueLayer.

Gilbert’s perspectives are informed not just by his vision for Quant and the critical role of interoperability but also by his more than 20 years of cybersecurity experience and C-level accountability as a CISO, CIO and CTO. He has worked in government - for Downing Street, HM Treasury, the Cabinet Office, Ministry of Justice and NSW Health – and has also served in the private sector, at Mastercard, Vocalink, CSC, EY, PwC, BP and HSBC. With a keen interest in disruptive technology, Gilbert established the Blockchain ISO Standard TC307 initiative in 2015 and is the Convenor of the the Interoperability working group WG7 for ISO.

To find out more and register for the event, visit the IFGS 2022 site


Overledger 2.x

Overledger 1.x


OAuth 2.0 standard (allowing SSO)

Proprietary (BPI Keys)


In API, seamless updates

In SDK, re-download for updates


Full abstraction across all DLTs

Partial, DLT-specific edge cases

RCG Framework

REST / JSON APIs from OVL Core

Proprietary P2P (experimental)

Time to Deploy

32 minutes (CI / CD pipelines)

1-2 weeks

QNT Utility Token / Treasury

Optimised, audited smart contracts

Experimental smart contracts


Optimised to scale fast – 23 Microservices

Hardened proof of concept
– 9 Microservices

Transaction Routing Algorithm

6 factor, game theory optimised

Experimental P2P emergent


Cloud native (scaling / resilience)

Standalone DB deployments

Cross-DLT Implementation

REST API calls direct to OVL, integrated smart contract back end

SDK-based Javascript 
apps call smart contract functions
via OVL

2021 Achievements

50% Quant team has grown by over 50% and will continue to do so 

OVL1.0 to 2.0 Release schedule accelerated, moved to much more frequent automated updates
– Previously, last major update was seven months, then in early 2021 moved to three months (Jan and March)
and then to monthly (April and May). We’re now moving to fortnightly releases. 

2.5X Overledger is now 2.5x bigger (April)  

2.0 Re-engineered the entire 2.0 architecture

Open API 3.0 for easy integration into developer workflows

OAuth 2.0 for single sign on for enterprise customers    

Cloud Native Scalable and resilient already, now deployable automatically 

Native Transactions 

OVL 2.0 Developer portal 2.0