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
Feature
Overledger 2.x
Overledger 1.x
Authentication
OAuth 2.0 standard (allowing SSO)
Proprietary (BPI Keys)
Functionality
In API, seamless updates
In SDK, re-download for updates
Standardisation
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
Microservices
Optimised to scale fast – 23 Microservices
Hardened proof of concept
– 9 Microservices
Transaction Routing Algorithm
6 factor, game theory optimised
Experimental P2P emergent
Databases
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