April 18, 2019

Quantum computing in Financial Services, worry or be happy?

In December 2014, the Commonwealth Bank of Australia (CBA) became one of the first commercial organizations, to invest significantly in Quantum Computing. This was long before the large American companies Microsoft, Intel, IBM, and Google, made the topic popular. In April 2017, they increased this amount with an additional 14$ million on top of the original 5$ million. In November 2017, Allianz and RBS joined the 45$ million investment group for quantum computing, with Fujitsu, CME group and Accenture. The Financial services sector is, of all…