OCBC to make quantum leap as next-gen tech evolves

Bank aims to train about 100 employees in quantum computing over next 3 years

- Osmond Chia

OCBC Bank aims to train around 100 employees in quantum computing over the next three years to develop new applications and strengthen defenses against emerging cyber-security threats as the technology evolves.

Capable of performing complex calculations at speeds that far outstrip traditional computers, quantum computing is tipped to advance drug discovery, cyber security and artificial intelligence, among other things, but also risks leaving today's encryption technology outdated.

Roughly 100 OCBC employees in roles such as those related to technology, business and cyber security will be progressively trained in quantum computing across the next three years, said Mr Peter Koh, the bank's head of group technology architecture.

OCBC said training began in May, and that trainees were nominated by managers or were those who had expressed interest in learning about quantum technology.

The courses are a mix of online and physical workshops by OCBC's in-house experts and courses provided by Singtel's experts, the National University of Singapore, or online courses like Udemy.

Trainees will attend classes during work, starting with 16 hours of self-directed introductory classes to expose them to the basics of quantum computing and its impact on industries.

The trainees will then attend around 100 hours of advanced courses tailored to their work, such as quantum applications, programming and security measures.