Tagged: quantum technology

July 19, 2024 @ 8:34 pm By Michael Wong  |  

The Monetary Authority of Singapore (MAS) announced an additional commitment of S$100 million (about $74 million) under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0). This funding aims to bolster financial institutions in developing quantum and artificial intelligence (AI) capabilities and foster the… Read More

January 18, 2024 @ 6:22 am By Omar Faridi  |  

Honeywell (NASDAQ: HON) announced the closing of a $300 million equity fundraise for Quantinuum, the integrated quantum computing company, at a pre-money valuation of $5 billion. The investment round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen… Read More

September 8, 2023 @ 10:50 am By Omar Faridi  |  

Terra Quantum, a quantum technology firm, and HSBC (NYSE: HSBC) are partnering to explore hybrid quantum technology applications, according to a company statement. As quantum technology evolves, early adopters like HSBC are poised “to explore the potential benefits of increased efficiency, cost reduction, and a… Read More

September 7, 2023 @ 8:30 pm By Omar Faridi  |  

evolutionQ, a quantum-cybersecurity company, is pleased to announce a contract to contribute to a Bank of Canada research project involving quantum-safe cybersecurity technologies for greenfield digital currencies. This work highlights the commitment of evolutionQ “to understanding the risk posed by quantum computers to emerging financial… Read More

September 4, 2023 @ 9:27 am By Omar Faridi  |  

With two weeks until the start of DSEI 2023, Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) and Sierra Nevada Corporation Mission Systems UK, LTD. (announced a strategic partnership to collaborate “on creating resilient high-grade security solutions and services.” Arqit claims that it is “a leader in… Read More

December 17, 2022 @ 2:30 pm By Omar Faridi  |  

Global Quantum Intelligence (GQI), a market and business intelligence firm steeped in quantum technology experience and solely dedicated to this sector, has just launched and claims it is already “serving major vendors and users, as well as governments and investors keen on gathering authoritative intelligence… Read More

December 7, 2022 @ 9:47 pm By Omar Faridi  |  

Q-CTRL, which claims to be a global leader in infrastructure software for quantum technology, announced the release of Fire Opal, which is described as “a user-friendly software package designed to enable algorithm developers to get useful results from today’s imperfect quantum computers.” The announcement was… Read More

March 30, 2022 @ 11:32 am By Omar Faridi  |  

Multiverse Computing, a key player in quantum computing solutions for the financial industry and beyond, recently announced that it has submitted 22 patents from its research efforts in 2021, “demonstrating its intention to continuously innovate in quantum technology as well as protect the company’s intellectual… Read More

March 1, 2022 @ 8:39 am By Omar Faridi  |  

Researchers from DTU (Denmark’s Technical University) have for the first time taken quantum communication out of the lab and used it to “securely transfer” data at Danske Bank. This is considered a breakthrough in the development of digital communication and the “race against cyber criminals.”… Read More

October 2, 2021 @ 11:55 am By Omar Faridi  |  

Arqit Quantum Inc., a leader in quantum encryption tech, is pleased to confirm the appointment of Jason Nabi as MD, Financial Services, with “immediate effect.” As a 30-year veteran in Capital Markets and the Fintech sectors, Jason has “held leadership positions at some of the… Read More