This post was originally published on Finextra (Security)
While AI is a buzzword in the fintech space, quantum is being heard more and more frequently in the sector. But what will it accomplish, and more importantly, is the financial services industry ready for it?
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In the panel session ‘How to Get Quantum-Ready?‘ that took place at Money20/20 Europe in Amsterdam, Lina Beliunas, director of revenue, Zero Hash, spoke with Daragh Morrissey, AI director of WW Financial Services, Microsoft on the possibilities of quantum computing in the financial industry.
The discussion examined the current quantum computing landscape, focusing on how hyper-scalers such as Microsoft are developing quantum services and software tools. Morrissey stated that Microsoft is creating software that will emulate quantum computers and abstract qubit architectures to ease integration from different providers.
When speaking on the hype behind quantum computing, Morrissey said that there are also challenges to implementing quantum computing due to the complexity of building qubits and their limited availability. However, Morrissey noted that quantum may arrive sooner than expected due to the rapid pace of innovation, as seen with the AI boom.
Morrissey highlighted
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