HSBC is also exploring applications in quantum computing across optimisation, simulation, and machine learning.īT Chief Security and Networks Officer Howard Watson said: HSBC’s quantum strategy includes trials of Quantum Key Distribution (QKD) and Post Quantum Cryptography (PQC). These electronic payments rely on encryption to protect customers and businesses from cyber-attacks. HSBC processed 4.5 billion payments for their customers last year, worth an estimated value of £3.5 trillion. In the future, experts predict QKD will play a key role in protecting financial transactions, client data and proprietary information across the financial sector. HSBC’s quantum scientists, cyber-crime experts and financial specialists will be better able to analyse the potential threat posed by powerful quantum computers and devise strategies to safeguard sensitive information. The insight generated by HSBC’s exploration of quantum-secure communications could have far-reaching implications for the bank - providing crucial evidence into the advantages of quantum technology and driving the development of applications in financial cybersecurity. “Today’s milestone proves the importance of collaboration and demonstrates the significant innovation and progress that can be achieved when industry leaders join forces.” We are spearheading industry-leading trials, recruiting highly trained experts, and investing in strong, strategic partnerships to explore how we could deploy these technologies as they develop. “That is why we are already preparing our global operations for a quantum future. “Our customers, clients and employees expect us to have safe and secure operations and resilient cybersecurity, so we must stay ahead of the curve. These keys can be used to encrypt and decrypt sensitive data and are safe from eavesdroppers or cyber-attacks by quantum computers.ĬEO of HSBC Bank Plc and HSBC Europe, Colin Bell said: QKD is an important technology that uses particles of light and the fundamental properties of quantum physics to deliver secret keys between parties. HSBC will trial the quantum secure transmission of test data over fibre-optic cables between its global HQ in Canary Wharf and a data centre in Berkshire, 62km away. This technology will be trialled in multiple scenarios, including financial transactions, secure video communications and one-time-pad encryption, as well as AWS edge computing capabilities using an AWS Snowball Edge device. LONDON, 5 July: HSBC is the first bank to join BT and Toshiba’s quantum-secured metro network - connecting two UK sites using Quantum Key Distribution (QKD) to prepare its global operations against future cyber threats. Using Quantum Key Distribution, HSBC is connecting their global HQ in Canary Wharf and a datacentre in Berkshire to explore how this technology can defend against future cyber threats and quantum attacks.HSBC is the first bank to join BT and Toshiba’s pioneering commercial quantum secure metro network, working in collaboration with Amazon Web Services (AWS). Investor information in Chinese - 投資者中文資訊 Founded in 1865, HSBC is one of the world’s largest banking and financial services organisations.įind information about our performance, dividends, and investor events.
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