Oleblue
7 months ago
Vayana TradeXchange partners with Arqit to transform trade finance
Arqit
Wed, Mar 27, 2024, 12:00 AM EDT
LONDON, March 27, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure™ digital negotiable instrument technology to transform international supply chains.
Vayana TradeXchange is a global marketplace facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license from the International Financial Services Authority in India (IFSCA). It is part of the Vayana Group which operates India’s largest regulated network for domestic supply chain finance.
The initial focus for the partnership will be India, Singapore, the United Arab Emirates (UAE) and the United Kingdom (UK), nations that are global leaders in the digitalisation of trade. These countries have embraced legislation based on the UN’s Model Law on Electronic Transferable Records (MLETR) that gives legal recognition to digital negotiable instruments (DNIs) allowing them to replace wet ink paper contracts.
The global supply chain finance market is estimated at $17 trillion growing at 3% per annum and stands to be re-energised by the reform in legalising digital assets.
Vayana Group has facilitated over $30bn of financing, serving over 300,000 enterprises in India. Vayana TradeXchange revolutionises cross-border trade finance by making working capital available seamlessly across geographies.
Arqit's first-of-its-kind technology delivers unique, referenceable and transferable digital finance instruments that have broad commercial application and enable businesses to get closer to pools of available liquidity and improve their cash flows. Arqit is a world leader in complying with the new standards, by completed legal review, and in making them provably secure.
This partnership enables exporters to use DNIs to get easy access to working capital against their trade receivables, whilst importers can optimise their cashflows by accessing funding from financial institutions across the globe.
Kalyan Basu, MD & CEO, Vayana TradeXchange said:
“We are delighted to partner with Arqit to help companies unlock their working capital using these highly secure digital negotiable instruments. With export trade from India alone expected to reach $2 trillion by 2030, this partnership offers businesses easier access to investors/financiers who are willing to lend against receivables based on the negotiation of digital promissory notes and bills of exchange minted on TradeSecure. DNIs will offer immense flexibility to the asset owners in terms of access to a large pool of credible investors with a secure end-to-end digital journey.”
David Williams, Founder of Arqit said:
“The market for digital negotiable instruments is expected to exceed $4 trillion per annum. This partnership is a fusion of India’s leading cross-border supply chain finance platform with Arqit’s groundbreaking TradeSecure which is the only DNI solution that complies with the new laws and delivers permanent provable security. We are excited to take this collaboration to a high scale with Vayana TradeXchange.”
Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council said:
“The UK government has led the World in legislating to digitise trade finance. India is a crucial trading partner and I am delighted to see British and Indian companies leading the world as a result.“
About Arqit
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption software service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compatible with NSA CSfC Components and meeting the demands of NSA CSfC Symmetric Key Management Requirements Annexe 1.2. and RFC 8784, Arqit’s Symmetric Key Agreement Platform uses a lightweight software agent that allows end point devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and facilitate Zero Trust Network Access. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Arqit is winner of two GSMA Global Mobile Awards, The Best Mobile Security Solution and The CTO Choice Award for Outstanding Mobile Technology, at Mobile World Congress 2024, recognised for groundbreaking innovation at the 2023 Institution of Engineering and Technology Awards and winner of the National Cyber Awards’ Innovation in Cyber Award and the Cyber Security Awards’ Cyber Security Software Company of the Year Award. Arqit is ISO 27001 Standard certified. www.arqit.uk
About Arqit TradeSecure™
Arqit TradeSecure™ enables the creation, safekeeping and secure transfer of Digital Negotiable Instruments (DNIs). DNIs are a globally recognised paper trade finance instruments: e.g. Promissory Notes & Bills of Exchange. As a result of recent legislation DNIs now have the same legal standing as paper instruments and will be an integral part of 21st century corporate working capital solutions including supply chain and invoice finance.
TradeSecure improves business performance for everybody in the supply chain by:
Freeing up working capital for Buyers to pass on to their Suppliers,
Allowing businesses to improve cash flow,
Driving down costs across the entire supply chain,
Generating a direct bottom line contribution for Buyers,
Providing end to end data transparency and a full transaction audit trail,
Making it easier for a range of Investors to provide much needed working capital finance,
Increasing security and reducing operational risk.
Arqit’s quantum-safe encryption technology provides a robust security solution, which harnesses our military-grade data encryption expertise. Secured by symmetric digital keys and notarised on a quantum-secure ledger, DNIs can be created, transferred and stored in a fully auditable and secure manner throughout their lifecycle. tradesecure.arqit.uk
About Vayana TradeXchange
Vayana TradeXchange is a leading global cross border trade finance platform that operates under license from International Financial Services Centres Authority (IFSCA), GIFT City, India’s first global financial center. As a wholly owned subsidiary of Vayana, India's largest supply chain finance fintech, VTX provides an auction-based marketplace connecting exporters and importers, enabling access to cross-border trade finance products. VTX's solutions help businesses effectively manage trade receivables and payables, enhancing cash flow management for businesses on a global scale. The platform has successfully onboarded prominent financial institutions such as the State Bank of India, India Factoring, VoloFin, and Drip Capital as financiers. Additionally, VTX is actively engaged in expanding its financier network and aims to onboard an additional 15 financiers by the end of FY 2024.
https://finance.yahoo.com/news/vayana-tradexchange-partners-arqit-transform-040000500.html
Oleblue
8 months ago
Arqit announces reseller agreement with Total Computers
Tue, Mar 5, 2024, 7:02 AM EST
LONDON, March 05, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, today announced a reseller agreement with Total Computers (Total), the digital transformation experts, for Arqit’s Symmetric Key Agreement Platform and NetworkSecure™ Adaptor.
In an ever-connected world, enterprises need to take urgent action to strengthen their encryption to counter the growing threats from cyber adversaries. Compliant with NSA standards, Arqit’s Platform as a Service makes symmetric encryption keys which cannot be broken even by quantum attack. Easily integrated at modest cost with dynamic rotating authentication, Arqit’s groundbreaking technology is now available to Total customers as part of their comprehensive suite of services.
At Total Computers, the extensive range of services and solutions encompasses Cloud, Cyber Security, Infrastructure, Managed Services, and Workspace. Total’s approach is consultative, and they are dedicated to ensuring customer success. It is this commitment that has earned them the trust of both our customers and partners, as they consistently provide the superior levels of service they require.
David Williams, Arqit Founder, Chairman and CEO said:
“We are thrilled to partner with Total to offer our encryption technology to their customers, who can now easily harden their networks for enhanced protection against current and future cyber threats. Enterprises need to be able to secure their data against both current and future cyber threats and with Arqit’s unique products, they have off-the-shelf solutions that can be easily deployed today.”
Kevin Goodall, Managing Director, Total Computers said:
“In today’s increasingly interconnected and cyber-threat prone world, enterprises need to ensure that cyber security is a core part of their strategy. We are delighted to offer Arqit’s groundbreaking encryption technology as part of our comprehensive suite of services for our customers.”
Notes to Editors
The UK Government acknowledges the quantum threat:
UK National Cyber Security Centre (NCSC): “A quantum computer will allow the attacker to read information that has been encrypted in the past, and forge information in the future” (NCSC, Preparing for Quantum-Safe Cryptography whitepaper, 11 November 2020, link).
“Store-now, decrypt-later” is a known threat and concerning for data with a long-time value:
UK National Cyber Security Centre (NCSC): “The threat to key agreement is that an adversary collecting encrypted data today would be able to decrypt it in future, should they have access to a CRQC [Cryptographically Relevant Quantum Computer]” (NCSC, Preparing for Quantum-Safe Cryptography whitepaper, 11 November 2020, link).
US Congress: “The rapid progress of quantum computing suggests the potential for adversaries of the United States to steal sensitive encrypted data today using classical computers and wait until sufficiently powerful quantum systems are available to decrypt it” (Congress, Quantum Computing Cybersecurity Preparedness Act, 21 December 2022, link).
Symmetric cryptography is a solution that can be implemented right now and can be used for both encryption and key exchange:
UK National Cyber Security Centre (NCSC): “In contrast with PKC [public-key cryptography], the security of symmetric cryptography is not significantly impacted by quantum computers, and existing symmetric algorithms with at least 128-bit keys (such as AES) can continue to be used” (NCSC, Next steps in preparing for post-quantum cryptography, 3 November 2023, link).
US National Security Agency (NSA): “NSA considers using pre-shared symmetric keys in a standards-compliant fashion a better near-term post-quantum solution than implementing experimental post-quantum asymmetric algorithms” (NSA, The Commercial National Security Algorithm Suite 2.0 and Quantum Computing, 7 September 2022, link).
The US Government has already directed their agencies to implement symmetric-key protections for National Security Systems (NSS):
The White House: “By December 31, 2023, agencies maintaining NSS shall implement symmetric-key protections (e.g., High Assurance Internet Protocol Encryptor (HAIPE) exclusion keys or VPN symmetric key solutions) to provide additional protection for quantum-vulnerable key exchanges” (The White House, National Security Memorandum on Promoting United States Leadership in Quantum Computing While Mitigating Risks to Vulnerable Cryptographic Systems, 4 May 2022, link).
About Arqit
Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit) supplies a unique encryption Platform as a Service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compliant with NSA standards, Arqit’s Symmetric Key Agreement Platform delivers a lightweight software agent that allows devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and operate over zero trust networks. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The Product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. Recognised for groundbreaking innovation at the Institution of Engineering and Technology awards in 2023, Arqit has also won the Innovation in Cyber Award at the National Cyber Awards and Cyber Security Software Company of the Year Award at the Cyber Security Awards. Arqit is ISO 27001 Standard certified. www.arqit.uk
https://finance.yahoo.com/news/arqit-announces-reseller-agreement-total-120200381.html
Oleblue
8 months ago
LONDON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and CableFree: Wireless Excellence Ltd (CableFree), a leader in 5G Radio solutions, have today announced the availability of integrated quantum-safe cellular technology products for Private 5G networks using Symmetric Key Agreement.
Private enterprise networks based on 5G cellular technology are accelerating digital transformation across industries including manufacturing, healthcare, defence and smart cities. Private 5G gives enterprises access to high-speed, massively scalable, and ultra-reliable wireless connectivity, allowing them to implement innovative IoT and mobile solutions that enhance productivity, drive automation and improve customer engagement.
The security of these networks will be paramount as they will support safety-critical infrastructure and carry highly sensitive data. 5G networks coupled with direct-to-device connectivity, has significantly expanded the attack surface allowing cyber adversaries to launch attacks on a broader scale and at faster speeds.
The integration of CableFree’s 5G Small Cell Radios with Arqit’s Symmetric Key Agreement encryption technology delivers enhanced security for Private 5G networks and are now available to customers worldwide. Using zero trust architecture, these standards-compliant products deliver rotating authentication, making data harvesting useless.
David Williams, Arqit Founder, Chairman and CEO said:
“In the USA, NIAP has mandated support of RFC 8784 meaning that symmetric key agreement will now at the heart of all CSfC classified networking, and we expect this to flow through to most commercial environments. The telecoms industry also needs to take urgent action now to secure sensitive data for the long-term. The integration of CableFree’s 5G range with Arqit’s unique Symmetric Key Agreement Platform will keep sensitive data and communications safe from current and future cyber threats including spoofing attacks and quantum computing.”
Stephen Patrick, CableFree Founder and CEO said:
“We are delighted to extend the CableFree 5G range to include the latest quantum-safe encryption technology from Arqit, deployable as a software extension running on our proven range of 5G radios. Enhanced security is of benefit for many customers worldwide.”
Notes to Editors
CableFree 5G and 4G radios are available in all frequency bands from 400MHz to 6GHz today, covering worldwide MNO and Private Network bands as well as specialised bands used by Government, Public Safety, Utilities, and Rail Transportation Infrastructure.
https://finance.yahoo.com/news/arqit-cablefree-deliver-world-first-120000985.html
Stock price has bottomed at $,40 and OBV has turned up.
Weekly Chart
slicknick617
1 year ago
This might be why its going up. Looks like another contract.
London, UK - 2 November 2023 - Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and DETASAD, a leading provider of telecommunications and Technology Solutions in the Kingdom of Saudi Arabia, today announced that Arqit’s Sovereign Symmetric Key Agreement Platform will be launched in the Kingdom of Saudi Arabia by DETASAD this month.
DETASAD, a market leader in data center and cloud services, cybersecurity and intelligence infrastructure solutions proudly announces expanding its cutting-edge partnership with Arqit, a global leader in quantum-safe cybersecurity. Together, the team is currently building a fully data-sovereign stack integrating Arqit's groundbreaking Symmetric Key Agreement solution, a technology that integrates seamlessly into existing networks to create trusted connections and secure communication links for any networked device, cloud machine or application. Secure against current and future forms of attack on encryption including from a quantum computer, the platform enhances security, resilience and the dynamic management of today’s networks.
This collaborative endeavour will not only drive the development of Saudi-specific solutions atop this platform but will also pioneer a local R&D partnership. The ultimate vision is to translate locally created solutions into products for both the Saudi market and the global export market, further bolstering the Kingdom's Vision 2030 alongside supporting the UK Government’s National Cyber Strategy. DETASAD are looking forward to making this unique proposition available to their customers commercially in the next few weeks and are happy to demonstrate the capabilities protecting their customer's businesses.
Under this innovative alliance, DETASAD and Arqit are planning to integrate Arqit technology into DETASAD’s MadeinSaudi Smart Capacity Management to deliver state-of-the-art, locally-developed cybersecurity to every endpoint - be it satellite or any other platform within the DETASAD edge cloud.
“From this month, customers in the Kingdom of Saudi Arabia and across the region will be able to benefit from enhanced security and resilience against cyber attacks, delivered by DETASAD using Arqit’s unique Symmetric Key Agreement Platform” said David Williams, Arqit Founder, Chairman and CEO. “With the increasing threat and proliferation of connected devices, Arqit’s crypto agile technology offers governments and enterprises the ability to immediately benefit from higher standards of network data and information assurance, sustainable into the quantum era.”
“At DETASAD, we are excited to embark on this transformative journey with Arqit," said Felix Wass, President & CEO. "Our partnership is more than just a technological alliance – we are setting out to revolutionize with a fully data-sovereign Symmetric Key Agreement Platform. We are not only bringing technology to the Kingdom of Saudi Arabia but will complement it and build a MadeInSaudi portfolio for the global markets.”
“I am delighted to welcome this important announcement” said Juliette Wilcox, the UK Government’s Cyber Security Ambassador. “Companies such as Arqit are leading the way in demonstrating how the UK’s cyber expertise can enhance cyber capabilities across Saudi Arabia, helping to further strengthen security across the Kingdom’s cyberspace.”
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