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. […]
Tag: quantum
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, […]