Quantum computing

71 articles tagged with this keyword

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/wholesale

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.

/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.

/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.

/devops

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.

/security

Central banks successfully test 'quantum resistant' communications channel

A secure communication channel designed to protect financial data against future threats from quantum computers has been successfully established by the BIS Innovation Hub Eurosystem Centre, in concert with Banque de France and Deutsche Bundesbank.

/security

HSBC partners Quantinuum for quantum computing research

HSBC is working with tech firm Quantinuum on a series of exploratory projects looking at the use of quantum computing in banking.

/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.

/markets

Crédit Agricole CIB hails quantum computing experiment results

Crédit Agricole CIB has declared two quantum computing experiments - one investigating the valuation of financial products, the other the assessment of credit risks - a success.

/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

Mastercard to issue 'quantum resistant' contactless cards

Mastercard has approved the first cards for issuers that are compatible with the new EMVCo contactless specifications designed to protect against attacks from both traditional and quantum computers.