Quant, a fintech company based in London, has announced the launch of ‘Quant Flow’, a programmable money tool designed to modernize financial infrastructure. This new development allows banks to embed automated rules into digital money, enabling tasks like currency conversions, loan repayments, and tax payments to be triggered based on specific conditions. The company developed the solution in response to rising demand for more dynamic financial systems, especially as stablecoins and central bank digital currencies gain traction.
Quant Flow offers banks the ability to introduce automated functionality at the account level without disrupting their existing systems. Quant’s CEO, Gilbert Verdian, stated, “Money today may look digital on the surface, but beneath the apps, most financial systems still rely on decades-old static rails.” He emphasized that the new tool brings flexibility and intelligence to financial transactions. David Yates, former President at Mastercard and current Vocalink chair, supported the move, noting “Programmable money is the next generation of finance – and it’s here today.” Quant’s new tool is intended to help banks meet growing demands for efficient, rule-based financial interactions while maintaining stability and compliance.
