HSBC has partnered with Quantinuum to investigate the real-world use cases of quantum computing in financial services.
The project will look at several areas in which the technology could be applied, including cybersecurity, fraud detection and natural language processing.
The research will aim to demonstrate the use cases for quantum computing ‘hardened cryptographic keys’, which are long strings of data used for authentication and encryption. The project will combine them with algorithms to mitigate against cyber threat and increase resiliency, said the bank.
“We are excited to embark on this partnership with Quantinuum and explore the further applications of Quantum technology in the Financial Services sector,” said Philip Intallura, global head of quantum technologies at HSBC. “Our collaboration provides us a great opportunity to access cutting-edge quantum hardware and take our use cases to a truly transformational level.”
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