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HSBC explores quantum computing to revolutionize financial services

The HSBC logo is displayed outside a branch of HSBC
Photo: Getty Images

The bank has teamed up with Quantinuum to vet multiple possibilities for the financial sector.

Cybersecurity, fraud detection, and natural language processing are some of the focus areas of the collaboration. Quantinuum, the world’s largest quantum computing company, will join with HSBC to explore both near- and long-term benefits of quantum computing that could, it says, revolutionize the banking industry.

“Our collaboration with HSBC