Quantum computing

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/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).

/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.

/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.

/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.

/markets

JPMorgan Chase paper investigates quantum deep hedging

QC Ware and JPMorgan Chase have completed a study of quantum "deep hedging," paving the way for future increased risk mitigation capabilities in financial services.

/security

X9 report demystifies quantum computing risk

The Accredited Standards Committee X9 Inc. (X9) today announced that it has published an updated version of its Informative Report titled "Quantum Computing Risks to the Financial Services Industry," denoted X9.IR-F01-2022.

/security

DTCC paper outlines quantum security risks

As quantum computing creates vast new possibilities to analyze and solve complex problems that are unsolvable by today’s computers, it also has the potential to disrupt entire industries and create significant new risks for financial firms by making even the most highly protected computer systems vulnerable to hacking.

/predictions

Organisations are increasing investment and exploration in quantum technologies

New research published today by the Capgemini Research Institute reveals that almost a quarter (23%) of organizations are working (or planning to work) on leveraging quantum technologies, with expectations of at least one major commercial application within the next 3–5 years.

/startups

Multiverse Computing raises €10m

Multiverse Computing, the first quantum computing startup dedicated to finance, today announced it has closed a seed funding round of €10 million (USD $11.55 million).

/people

Arqit appoints Jason Nabi as MD of new financial services division

Arqit Quantum Inc. (“Arqit”), a leader in quantum encryption technology, is pleased to announce the appointment of Jason Nabi as Managing Director, Financial Services, with immediate effect.

/security

Fime enables quantum-resistant migration with Mastercard Ecos qualification

Fime has been recognized by Mastercard to test solutions in line with the Mastercard’s Enhanced Contactless specifications.

/wealth

BBVA enlists Fujitsu for quantum computing trials

Fujitsu today announces that it is collaborating with BBVA, Spain’s second largest bank, on a proof of concept (PoC) of its quantum-inspired optimisation solution Digital Annealer1.

/cloud

CaixaBank and IBM partner for cloud services

Today, CaixaBank announced an agreement with IBM Services (NYSE:IBM) to accelerate its hybrid cloud journey and continue their work to increase the bank’s capability to develop innovative, digital-first solutions to enhance client experiences.

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