Arqit Quantum Inc. Appoints Jason Nabi as MD, Financial Services

Arqit Quantum Inc., a leader in quantum encryption tech, is pleased to confirm the appointment of Jason Nabi as MD, Financial Services, with “immediate effect.”

As a 30-year veteran in Capital Markets and the Fintech sectors, Jason has “held leadership positions at some of the world’s largest banks, including HSBC and BNP Paribas, and has worked for other market leaders, including Bloomberg, IBM and blockchain firm Paxos,” according to an update shared with CI.

Jason has considerable experience developing services, “delivering growth and innovative technology-based products, including digital assets.” The update also noted that he’s “the founding member of the Global Blockchain Business Council, a recent board member of ISSA as well as a frequent speaker on digitalisation of capital markets.”

Arqit Founder, Chairman and CEO David Williams, stated:

“QuantumCloud™ has already solved some of the greatest cyber security problems of the era and has proven that with major customers in defense and telecoms. We are now certain of its universal application and demand in financial services. We are thrilled to have Jason join our company to build a high-performance team to drive our financial services division and capitalise on the massive unmet demand not only for stronger, simpler encryption but also in the value-added services we are building.”

Jason Nabi remarked:

“Joining Arqit’s world-class team of experts in quantum tech and cybersecurity is a real honor. The financial services move to digital assets and take-up of investing in crypto is evidenced everywhere. For every financial services firm and institution, the protection of client data, surety of transactions and safety of assets in a digital ecosystem needs stronger, simpler encryption.”

He added that “the digital assets boom will not last unless the cryptographic problem at their heart is solved.” He also noted that Arqit has “done this and is already the market leader in this field with an impressive array of customers and [he’s] excited to help lead the growth and development of the business in the financial services sector.”

As mentioned in the update, Arqit supplies “a unique quantum encryption Platform-as-a-Service which makes the communications links of any networked device secure against current and future forms of attack – even from a quantum computer.”

Arqit’s product, QuantumCloud™, “enables 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 “computationally secure, one-time use and zero trust. QuantumCloud™ can create limitless volumes of keys in limitless group sizes and can regulate the secure entrance and exit of a device in a group,” the announcement explained while noting that the addressable market for QuantumCloud™ is “every connected device.”

On 7 September 2021, Arqit “completed its business combination with Centricus Acquisition Corp., a special purpose acquisition company.” The combined company has “retained the name Arqit Quantum Inc. Arqit trades on Nasdaq under the ticker symbols ‘ARQQ’ and ‘ARQQW’.”

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