October 28, 2020

Can quantum computing transform financial services?


Published in International Banker (in English)

Since the 1950s, computers have played an increasingly crucial role in modern society, such that today the world is all but wholly dependent on them. And while the processing power of these classical computers has come a long way, a vastly different computing technology involving quantum mechanics has been steadily developing since the early 1980s. Known as quantum computing, this technology is now gathering growing interest for its superior performance compared with classical computing, meaning that it is set to have hugely significant ramifications for applications across many different industries. And with some of the world’s most-renowned financial institutions recently linking up with quantum-computing companies to gain the early-mover advantage, it would seem that anticipation over this potentially transformational emerging technology within the financial-services industry is only just beginning to heat up.

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