Fintech

Quantum eMotion Reviews 2022 Highlights

Published

2 years ago

January 12, 2023

Company provides overview on expected milestones for 2023

Montreal, Quebec–(Newsfile Corp. – January 12, 2023) – Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q) (“QeM” or the “Company“) provides review on Company highlights over 2022 and expected milestones for 2023.

Francis Bellido, CEO of QeM, commented: “2022 was an outstanding year for QeM as the Company made transformational progress in key areas and laid the foundation for a bright future. Among the many milestones we accomplished last year I see the main highlights as follows:

Raise of $4.9 million through the exercise of 32.6 million common share purchase warrants with the proceeds used to strengthen QeM’s financial position and accelerate the development of the company’s product pipeline.
Launch of its game changing QRNG2, the fastest quantum entropy¹source on the market today. This new quantum random number generator (QRNG) delivers pure entropy at 1.5 Gigabytes Per Second (Gb/s), the highest throughput available today. It uses electron quantum tunneling and meets all requirements of NIST and Dieharder tests. It also can deliver up to 5 Gbps (billions of bits per second) of full entropy and has the potential to reach up to 20 Gb/s with an optimized configuration. This technology is versatile enough to be configured in different iterations, from peripheral component interconnect express (PCIe) boards to miniaturized chipsets. It is expected that QRNGs will play an ever-increasing role in the fight against cyber criminality, with the QRNG market projected to reach 1.2 billion by 2028.
Completion of the design of its first Blockchain application of QRNG technology, which involves hardening the security of hardware cryptocurrency wallets with QRNG2. This will be the first Hardware Crypto Wallet able to store private keys for cryptocurrencies offline in a quantum-encrypted device, which will make these new wallets impenetrable for hackers. QeM is expecting a prototype to be available in 2023 and anticipates the market for such wallets to continue to grow, with an estimated CAGR of 29.24% over the next few years.
Strengthening our management team by appointing Paul Arsenault to the position of Vice President Business Development. Paul is a 25+ year veteran of the semiconductor industry with extensive experience in organic light-emitting diodes display (OLED), venture capital and strategic partnerships. Paul will be based in Taiwan and will explore new business opportunities to accelerate the development of QeM’s quantum RNG chipset and their miniaturizing technology.”

Francis Bellido added: “The disruption and havoc created by cybercriminals during the COVID-19 crisis continues to be exacerbated by other geopolitical factors such as wars and economic uncertainties, consequently the global cybersecurity market is expected to exceed US$ 250 billion by 2027.

In addition, new menaces are looming such as the availability of quantum computers and their capacity to break the security of common activities in our daily lives. Severe consequences could be expected, such as increased data breaches of sensitive personal health and financial data, challenge the integrity of digital documents, and break certain cryptocurrency encryption.

Thanks to our successes in 2022, we are entering 2023 with a clear plan to execute. To address the quantum threat, QeM is developing several post-quantum cryptography (PQC) hardware solutions where the QRNG2 plays a central role as a source of high-quality encryption. We are developing our own applications in domains and verticals of the economy that require cybersecurity as an integral part of their value proposition.

One of these solutions is a Blockchain and Cryptocurrency application as this makes extremely high usage of cryptography, and its effectiveness requires strong random number generation to ensure the system remains impenetrable. We are currently prototyping the first Crypto Hardware Wallet hardened with quantum technology to make it incorruptible by hackers. Based on the same architecture as our QRNG but in a more portable iteration, it will be able to store private keys for cryptocurrencies offline. We aim to have it available in 2023.

A second product is our first quantum secure messenger platform, designed to be able to send large and complex messages, including whole database structures. Its first application will be the secure communication of Electronic Health Records.

We anticipate that these two products will have a significant impact on our company, as they may provide an opportunity for commercialization and establish our company as a leader in post-quantum cybersecurity.”

About QeM

The Company’s mission is to address the growing demand for affordable hardware security for connected devices. The patented solution for a Quantum Random Number Generator exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced security for protecting high value assets and critical systems.

The Company intends to target the highly valued Financial Services, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.

For further information, please contact:

Francis Bellido, Chief Executive Officer
Tel : 514.956.2525
Email: [email protected]
Website: www.quantumemotion.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Corporation’s periodic reports including the annual report or in the filings made by Quantum from time to time with securities regulatory authorities.

^1.In physics, entropy is a measure of randomness in a closed system. You can think of entropy as a measure of the amount of uncertainty or its corollary: unpredictability. In cryptography, entropy is used to produce random numbers, which in turn are used to produce security keys to protect data while it’s in storage or in transit. The greater the quality of random number generation (RNG), the greater the quality of random keys produced, and thus the higher the security value of the key. In its simpler definition, entropy is a measure of the amount of uncertainty an attacker faces to determine the value of a secret.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/151142

Fintech

Fintech Pulse: Milestones, Partnerships, and Transformations in Fintech

Published

4 hours ago

November 19, 2024

Peter Tolan

fintech-pulse:-milestones,-partnerships,-and-transformations-in-fintech

The fintech sector continues its relentless drive toward innovation and market dominance. Today’s highlights include a record-breaking customer milestone for Revolut, groundbreaking fintech solutions for women in the EU, open entries for the PayTech Awards 2025, implications of political shifts on funding, and notable recognition at the US FinTech Awards.

Revolut Hits 50 Million Customers: A Global Fintech Giant’s Milestone

Source: Revolut

Revolut, the UK-based financial super app, has achieved a monumental feat: surpassing 50 million customers worldwide. This milestone underscores its position as a leader in the global fintech landscape, furthering its ambition to create the world’s first truly global bank.

Key to this success has been Revolut’s strategy of expanding its offerings, from banking to travel and crypto services, all within a seamless user experience. The company’s recent ventures into emerging markets such as Latin America and Asia demonstrate its intent to bridge financial services gaps while retaining competitive differentiation through technology.

This milestone is not just a triumph for Revolut but a signal of fintech’s capacity to redefine traditional banking. It reinforces the narrative that digital-first strategies, customer-centric innovation, and international scalability can challenge long-standing financial institutions.

PayTech Awards 2025: Celebrating Excellence in Innovation

Source: FinTech Futures

The PayTech Awards 2025 are officially open for entries, promising to spotlight the brightest minds and most innovative projects in the payment technology sector. These awards are a testament to the industry’s commitment to advancing secure, seamless, and scalable payment systems.

This year, the focus is on emerging technologies that redefine how businesses and consumers interact financially. Categories will recognize achievements across multiple domains, including sustainability in payments, AI-driven solutions, and partnerships that push boundaries.

As fintech companies prepare their entries, the awards provide a timely reminder of the sector’s ongoing evolution and the collaborative efforts required to achieve meaningful breakthroughs.

U.S. Politics and the Fintech Sector: A New Era of Funding?

Source: American Banker

The U.S. fintech sector might witness an infusion of optimism as speculation about a second Trump presidency gains momentum. The Trump-era policies of deregulation and venture capital encouragement are remembered as catalysts for unprecedented fintech growth during his first term.

While it remains uncertain how regulatory landscapes will shift, the possibility of a more relaxed approach toward fintech compliance could rejuvenate funding inflows. Investors and startups alike are watching closely, weighing the potential benefits against long-term risks tied to reduced oversight.

A politically charged backdrop often spells volatility, but for fintech, it may also spell opportunity. Preparing to adapt quickly will be crucial for startups and established players in the face of any regulatory pivot.

Klara AI and Unlimit: Addressing the €1.3 Trillion Female Economy

Source: FF News

Klara AI has teamed up with Unlimit to launch a fintech solution aimed at empowering women across the EU. This collaboration targets the €1.3 trillion female economy by addressing the unique financial needs of women entrepreneurs and consumers.

The solution promises to integrate AI-powered tools with streamlined financial management services, enabling users to access credit, manage investments, and scale businesses effectively. By tailoring services to the underserved female demographic, the partnership hopes to drive financial inclusion and support economic growth.

This initiative stands as a blueprint for fintechs exploring niche markets, proving that innovation tailored to specific segments can yield transformative results.

Autire: Accounting Tech of the Year at US FinTech Awards

Source: Business Wire

Autire, a rising star in financial technology, has been crowned ‘Accounting Tech of the Year’ at the US FinTech Awards 2024. The award recognizes Autire’s ability to blend cutting-edge AI with intuitive user interfaces, delivering unparalleled accounting solutions for businesses of all sizes.

Autire’s platform has gained traction for automating complex accounting tasks, ensuring compliance, and delivering actionable insights through real-time analytics. Its emphasis on reducing administrative burdens for SMEs has been particularly impactful, enabling entrepreneurs to focus on growth rather than bookkeeping.

The recognition not only cements Autire’s reputation but also highlights the role of AI-driven accounting solutions in reshaping business operations globally.

Final Thoughts: A Fintech Revolution in Full Swing

From customer milestones to policy-driven opportunities, the fintech ecosystem is in constant evolution. Revolut’s ascent to 50 million users signals growing consumer trust in digital platforms. The PayTech Awards continue to inspire innovation, while political shifts could redefine the regulatory landscape. Initiatives like Klara AI and Unlimit emphasize the power of targeted solutions, and companies like Autire show how niche technologies can achieve broad impact.

The next phase of fintech growth will likely hinge on inclusivity, adaptability, and innovation—pillars that today’s news stories exemplify.

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Fintech

Fintech Pulse: Navigating Expansion, Innovation, and Sustainability

Published

1 day ago

November 18, 2024

Peter Tolan

fintech-pulse:-navigating-expansion,-innovation,-and-sustainability

The fintech landscape continues to evolve with groundbreaking developments reshaping the industry’s global footprint. Today’s briefing dives into key events across the fintech ecosystem, emphasizing regulatory advancements, regional expansion, investment inflows, and sustainability partnerships. These narratives offer a glimpse into the sector’s resilience and its relentless pursuit of innovation.

Doo Financial Secures CySEC License: Broadening Horizons

Source: PR Newswire

Doo Financial, a subsidiary of the Doo Group, has achieved a significant milestone by obtaining the Cyprus Securities and Exchange Commission (CySEC) license. This regulatory approval expands the group’s operational capacity across the European Economic Area (EEA), providing clients access to an increasingly diversified portfolio of financial services.

The CySEC license is not just a testament to Doo Financial’s commitment to compliance but also a strategic step towards enhancing its global competitiveness. This move underscores a broader trend among fintech firms to establish regulatory strongholds in regions with robust governance frameworks. Europe’s stringent yet adaptive regulations offer fintech companies a balanced environment to innovate while adhering to consumer protection laws.

The CySEC approval signals a broader ambition: leveraging the EEA as a launchpad for expanding into other regulated markets globally. For the fintech sector, this development highlights the importance of regulatory alignment in building investor confidence and fostering sustainable growth.

Quantoz Payments Ventures into Stablecoins

Source: PR Newswire

Dutch fintech company Quantoz Payments has taken a bold step into the burgeoning stablecoin market by issuing euro and US dollar-denominated stablecoins. Backed by prominent crypto asset firms, this initiative positions Quantoz as a key player in the stablecoin ecosystem, bridging the gap between traditional finance and digital currencies.

Stablecoins have long been hailed as the connective tissue between volatile cryptocurrencies and traditional fiat systems. Quantoz’s approach emphasizes compliance and transparency, addressing major concerns surrounding digital asset adoption. This development reflects a growing consensus within the industry: stablecoins are the linchpin of future financial systems.

Quantoz’s move also highlights the increasing involvement of traditional institutions in digital finance. Backing from established crypto asset firms signals confidence in the stability and utility of these digital tokens. The future may see stablecoins becoming integral to cross-border transactions, remittances, and even central bank digital currency (CBDC) initiatives.

Asia’s Fintech Giants Target Middle Eastern Markets

Source: Fortune

Two leading Asian fintech firms, StashAway and Thunes, are spearheading expansions into the Middle East, a region emerging as a hotspot for fintech innovation. StashAway, renowned for its wealth management solutions, and Thunes, a global payments platform, aim to capitalize on the Middle East’s growing demand for digital financial services.

This expansion is not without challenges. Middle Eastern markets, while lucrative, present regulatory complexities and stiff competition from local players. Yet, these firms bring unique value propositions. StashAway’s data-driven investment strategies and Thunes’ seamless payment networks could fill critical gaps in the region’s financial infrastructure.

This move also underscores the strategic importance of Middle Eastern economies in the global fintech narrative. Countries like the UAE and Saudi Arabia are investing heavily in digital transformation, making them fertile ground for innovative financial solutions. By establishing a presence here, Asian fintech firms are not only diversifying their portfolios but also setting the stage for long-term growth.

Ualá Secures $300 Million in Investment: Latin America’s Fintech Boom

Source: Latin Lawyer

Argentine fintech company Ualá has successfully raised $300 million in its latest funding round, reaffirming Latin America’s status as a global fintech powerhouse. The investment, led by international heavyweights, reflects growing confidence in the region’s financial technology ecosystem.

Ualá’s meteoric rise is emblematic of Latin America’s fintech narrative—a story of innovation fueled by necessity. With large segments of the population underbanked or unbanked, fintech solutions have become a lifeline, offering accessible and affordable financial services.

The $300 million infusion will enable Ualá to expand its product offerings and penetrate new markets, further solidifying its position as a regional leader. For investors, this marks an opportunity to tap into one of the world’s fastest-growing fintech markets, characterized by high adoption rates and a youthful, tech-savvy demographic.

FTS Money Partners with Nano to Advance Fintech Sustainability

Source: The Paypers

FTS Money’s partnership with Nano sets a new benchmark for sustainability in fintech. By integrating Nano’s technology, FTS aims to reduce its carbon footprint and drive environmentally conscious financial practices. This collaboration highlights a critical trend: the convergence of financial innovation and environmental responsibility.

Sustainability has become a cornerstone for fintech companies seeking to align with global ESG (environmental, social, and governance) goals. Partnerships like this not only enhance operational efficiency but also resonate with a growing segment of environmentally conscious consumers.

The fintech sector’s focus on sustainability reflects a broader shift in corporate priorities. Companies are increasingly recognizing that profitability and environmental stewardship are not mutually exclusive. By embedding sustainability into their operations, fintech firms like FTS Money and Nano are paving the way for a more responsible and resilient industry.

Conclusion: A Tapestry of Transformation

Today’s developments paint a vivid picture of an industry in flux—embracing regulation, exploring new markets, innovating with stablecoins, and championing sustainability. Each story underscores a central theme: fintech’s ability to adapt and thrive amid changing landscapes.

As fintech firms continue to evolve, their success will hinge on balancing innovation with responsibility. Whether through regulatory compliance, strategic expansions, or sustainable practices, the industry is charting a path toward a future that is inclusive, resilient, and transformative.

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Fintech

Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator

Published

4 days ago

November 15, 2024

Wladimir P.

plug-and-play-and-gift-city-launch-“ifih,”-a-global-fintech-incubator-and-accelerator

Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.

GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”

Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”

The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.

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