In a series of exploratory projects examining the use of quantum computing in banking, HSBC is collaborating with the tech company Quantinuum.
Over the past year, HSBC has increased its focus on quantum computing, signing a multi-year agreement with IBM to study the technology and actively hiring research scientists to create a specialized capability within its innovation team. It is now starting a long-term collaboration with the quantum computing business Quantinuum, initially focusing on cybersecurity.
The use of cryptographic keys that have been specifically combined with post-quantum cryptographic algorithms will be studied by the partners. Quantinuum’s Quantum Origin platform, which secures transactions and identification procedures, will be used in the project.
Read More: HSBC partners Quantinuum for quantum computing research
