Tag: Quantum computing

Not engaging is not an option: Financial institutions have realized that the best way to approach a still-developing technology like quantum computing is through lightweight tests and building internal expertise.  Another week, another quantum computing announcement: Truist and IBM just launched a new partnership to help the bank prepare for the future of quantum computing.   […]

Experts estimate that quantum computers may one day be able to break current encryption systems in seconds, so banks have a strong incentive to fight fire with fire and find ways to use the technology to keep secrets safe. Quantum – an emerging computing paradigm that promises to perform calculations at blistering speeds – is one […]

Quantum computing is still in its infancy and UBS’ experiences demonstrate how FinServs’ efforts may not lead to any real-world products. Still, the experimentation is worth it for the skills-building and research.   UBS abandoned its efforts to use quantum computing for trading, because the technology didn’t provide any substantial advantage, its former chief data officer, […]

Although quantum computing is still in its infancy, financial institutions can benefit from considering future use cases, setting up experiments, and skills-building. For Mastercard, that means seeing how quantum could help personalize rewards programs.  Mastercard has partnered with D-Wave to research how quantum computing could supercharge its loyalty and rewards programs.   Quantum – an emerging […]

Although quantum computing is still in its early innings, canny financial institutions are finding low-intensity outlets for experimentation and skills-building. Credit Agricole’s corporate and investment banking arm has successfully completed two experiments that found that it could achieve “faster valuations and more accurate risk assessments” using quantum computing techniques. Quantum is an emerging computing paradigm that […]

While quantum computing holds promise for financial institutions, its eventual risk is also enormous: Experts estimate that quantum computers may one day be able to break current encryption systems in seconds. France’s central bank worked with CryptoNext Security on an experiment to use so-called “post-quantum” algorithms to operate a data exchange system that’s resistant to […]