HSBC has opened its second Quantum Centre of Excellence in Singapore, deepening work on quantum-safe security and applied quantum computing, according to Yahoo News.
The hub will begin with post-quantum cryptography, quantum key distribution and hybrid cryptographic frameworks to protect critical financial infrastructure.
The centre will collaborate with regulators, researchers and fintech firms, including the Monetary Authority of Singapore’s quantum key distribution sandbox for secure financial communications.
That project also involves DBS, OCBC, UOB, SPTel and SpeQtral, highlighting the initiative’s collaborative scope.
Beyond cybersecurity, the centre will explore how quantum computing could improve financial modelling, optimisation and machine learning.
HSBC chose Singapore for its regulatory and technical strengths after launching its first quantum facility in the UK.
As a related development, HSBC and IBM recently ran what the bank calls the world’s first-known empirical test of quantum computing in real-world algorithmic bond trading.
The trial paired quantum and classical computing to estimate the likelihood of filling corporate-bond quotes in Europe, achieving up to a 34 percent improvement over standard methods.
Using IBM’s Heron processor and a production-scale dataset drawn from historical market data, HSBC said quantum techniques uncovered pricing signals missed by conventional systems.
Featured image: Edited by Fintech News Singapore, based on image by HSBC
