Quantum Computing Shows Promise and Worry for Banks

Quantum computing has the potential to dramatically affect banking in the coming years, especially from a cybersecurity standpoint; banks like JPMorgan Chase, Barclays and Morgan Stanley have all started sinking capital into applications in hopes of trying to stay ahead of the next wave of innovation; quantum computing allows for the breakdown of large sets of data significantly faster than classical computing; this puts banks at risk if an attack were to happen and also gives them power is they were to develop an application; as AI and blockchain begin reaching certain levels of acceptance, quantum computing looks to be the next stage of innovation in finance. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments