Quantum computing

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MAS collaborates with banks and tech firms on quantum security

/security

MAS collaborates with banks and tech firms on quantum security

The Monetary Authority of Singapore has gathered a consortium of banks and technology partners to study the application of Quantum Key Distribution (QKD) as a defensive mechanisim against the threat posed by super-fast computing power.

MAS to fund quantum and AI projects for financial sector

/ai

MAS to fund quantum and AI projects for financial sector

The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector.

/ai

Singapore Fintech Festival to turn the spotlight on AI and quantum technologies

The Singapore FinTech Festival (SFF) 2024 will be back for its 9th edition from 6 to 8 November, preceded by the Insights Forum™ from 4 to 5 November.

/markets

Mphasis goes quantum with Classiq

Mphasis, (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its strategic partnership with Classiq, a leading quantum software company to demonstrate and commercialize industry solutions powered by Quantum.

/markets

JPMorgan Chase makes quantum leap

In a new paper in Science Advances on May 29, researchers at JPMorgan Chase, the U.S. Department of Energy’s (DOE) Argonne National Laboratory and Quantinuum have demonstrated clear evidence of a quantum algorithmic speedup for the quantum approximate optimization algorithm (QAOA).

How to leverage quantum computing

/Quantum computing

Hamish Monk Reporter at Finextra

How to leverage quantum computing

BBVA runs successful trial of distributed quantum simulation in the cloud

/retail

BBVA runs successful trial of distributed quantum simulation in the cloud

BBVA has completed a successful trial of the execution of quantum algorithms across multiple conventional servers in the AWS cloud.

HSBC and PayPal tackle quantum-safe cryptography in payments

/security

HSBC and PayPal tackle quantum-safe cryptography in payments

HSBC and PayPal are among the founding member of a new working group investigating the adoption of quantum-safe cryptography in the payments industry.

Singapore warns banks to prepare for quantum computing cyber threat

/security

Singapore warns banks to prepare for quantum computing cyber threat

The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.

JPMorgan anchors $300 million funding round in Quantinuum

/wholesale

JPMorgan anchors $300 million funding round in Quantinuum

JPMorgan Chase has anchored a $300 million investmnet round in quantum computing startup Quantinuum, valuing the business at $5 billion.

HSBC trials quantum protection for AI-powered FX trading

/security

HSBC trials quantum protection for AI-powered FX trading

HSBC has piloted the use of quantum key encryption to protect client FX trading data from the threat of increasingly powerful cyber attacks.

/retail

UK Finance calls for creation of Quantum Taskforce

UK Finance has today launched two reports revealing the risks and opportunities of quantum for the UK financial services sector.

UBS funds Swiss Open Quantum Institute in bid to achieve UN sustainability goals

/sustainable

UBS funds Swiss Open Quantum Institute in bid to achieve UN sustainability goals

UBS has joined forces with Cern, the Swiss Government and non-profit foundation Gesda to fund experiments in quantum computing aimed at achieving UN Sustainable Development Goals.

Why do we need quantum-resistant encryption?

/Quantum computing

Níamh Curran Senior Reporter at Finextra

Why do we need quantum-resistant encryption?

/security

Quantum encryption company Qrypt appoints FS-ISAC CEO, Steven Silberstein, to advisory board

Qrypt, the pioneering quantum-secure encryption company, today announced Steven Silberstein, the CEO of FS-ISAC (the Financial Services Information Sharing and Analysis Center), is joining its Board of Advisors.

HSBC takes a deep dive into quantum computing

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HSBC takes a deep dive into quantum computing

HSBC is collaborating with Terra Quantum on an experiment to test the use of quantum technology for optimising capital allocation.

Bank of Canada explores impact of quantum computing on CBDCs

/security

Bank of Canada explores impact of quantum computing on CBDCs

The Bank of Canada has called in local specialist evolutionQ for a research project involving quantum-safe cybersecurity technologies for greenfield digital currencies.

Truist prepares for quantum future

/retail

Truist prepares for quantum future

Truist Financial, a top ten US commercial bank, has joined the ranks of financial institutions preparing for a quantum future by joining IBM's Quantum Accelerator programme.

/Quantum computing

Consortium delivers cross-border quantum-secure digital trade transaction

An international consortium of industry and technical experts, supported by government, business and other organisations have completed the world’s first quantum-secure cross-border electronic trade document transaction, delivering a verifiable, secure, and legally recognisable solution for future digital trade transactions.

Money20/20: Quantum and generative AI together is ‘scary’ - ING

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Money20/20: Quantum and generative AI together is ‘scary’ - ING

At Money20/20 in Amsterdam, Finextra chatted to ING’s head of corporate strategy & innovation Jeroen Plag about how the bank has merged the innovation and strategy departments bringing initiatives closer to the business like CoorpID and Blacksmith and is now focusing on building new assets.

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