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OCBC Ties Up With Universities in Quantum Leap to Boost Fraud Detection, Data Security
The Straits Times
|July 18, 2025
Research Will Also Tap Quantum Tech to Speed Up Financial Derivative Pricing
OCBC Bank is working with three local universities to tap the enhanced computational power of quantum computers to strengthen real-time fraud detection and better secure data against new threats.
They are the National University of Singapore (NUS), Nanyang Technological University (NTU), and Singapore Management University (SMU).
Under their 12-month research collaborations inked on July 17, OCBC will also be harnessing quantum algorithms to perform derivative pricing, the process of determining the value of equity derivative products such as options, futures, and swaps.
The collaborations are a step in the right direction as quantum is no longer just an exciting possibility, said the Ministry of Digital Development and Information's chief quantum adviser David Koh.
He said that the technology will be able to solve problems that are considered impossible with traditional classical computing systems.
Denne historien er fra July 18, 2025-utgaven av The Straits Times.
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FLERE HISTORIER FRA The Straits Times
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