JPMorgan Chase and Barclays are collaborating with IBM to accelerate the practical applications of quantum computing technology in the financial services industry.
The two financial institutions have joined a number of other clients, including Daimler AG, Samsung and Oxford University, in gaining early access to IBM’s Q commercial quantum computing systems to explore potential implementations of the technology.
JPMorgan Chase will be the global financial services partner to IBM, and will focus on use cases for quantum computing including trading strategies, portfolio optimisation, asset pricing and risk analysis.
The Q network will provide organisations with quantum expertise and resources, and cloud-based access to what IBM describes as the most advanced systems available.
Lori Beer, chief investment officer at JPMorgan Chase, commented: “As a leader in financial services technology, JPMorgan Chase is excited to collaborate with IBM Research in exploring how quantum computing may impact the industry. Joining the IBM Q Network allows us to bring our technologists alongside IBM’s researchers and leverage cutting-edge quantum systems to learn about how we may be able to apply these technologies in the future.”
Latest News
-
Klarna ‘slows down AI adoption’ after workforce cuts
-
Bhutan rolls out national crypto payment system for tourism in ‘world-first’
-
Coinbase to acquire Deribit for $2.9bn
-
Citigroup to face $1bn lawsuit over Mexican oil company fraud
-
HSBC launches tariffs financing tool for US customers
-
Stripe launches ‘world’s first’ AI foundation model for payments
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories