OCBC announced that it is undertaking 12-month long research collaborations with the National University of Singapore (NUS), Nanyang Technological University, Singapore (NTU Singapore), and Singapore Management University (SMU) in quantum computing and quantum cryptography.
OCBC first developed a quantum roadmap in 2021 as part of a multi-year strategy to advance its technological capabilities and stay at the forefront of innovation. Programmes to raise employee awareness about quantum technology have included training by the NQCH QuTalent team at the Centre for Quantum Technologies (CQT), NUS, focused on equipping participants with an understanding of quantum algorithms and their applications in finance.
Researchers involved in the new projects include Patrick Rebentrost, Principal Investigator at CQT and Assistant Professor at NUS School of Computing; Wang Huaxiong, Professor at the NTU School of Physical & Mathematical Sciences, Director, Strategic Centre for Research in Privacy-Preserving Technologies & Systems and Co-Director, Digital Trust Centre; and Paul Griffin, Associate Professor of Information Systems (Practice) and Principal Investigator at SMU’s School of Computing and Information Systems.
Mr Praveen Raina, Head of Group Operations and Technology, OCBC, said: “The industry-academia exchange is deeply meaningful to us. It drives research and innovation by merging practical insights and real world use cases with domain expertise and knowledge. By working closely with NUS, NTU and SMU, in addition to our existing partnerships with key ecosystem players, we bring the reality of innovative quantum applications and solutions closer to life than before. This collaboration also illustrates how we are taking bold, proactive steps to test emerging technologies, even when their commercial potential is still unfolding.”
The findings from the research collaborations will be published in technology-focused research papers and journals, benefitting the financial industry.
Read more in OCBC’s press release and in CQT’s news highlight.
Image: Pictured at the research collaboration agreement signing event are (from left) Professor Wang Huaxiang, NTU; Praveen Raina, OCBC; David Koh, Chief Quantum Advisor and Chief of Digital Security and Technology at the Ministry of Digital Development and Information; Professor Valerio Scarani, CQT, NUS; Associate Professor Zhu Feida, SMU. Image credit: OCBC
