HSBC has announced the establishment of its Quantum Centre of Excellence (CoE) in Singapore, marking the bank’s second global quantum hub after the UK. The Singapore CoE will focus on the practical application of quantum technologies in financial services, prioritising areas such as post-quantum cryptography, quantum key distribution, and infrastructure resilience. This initiative aims to bolster Singapore’s position as a global hub for financial innovation.
Located in Singapore’s vibrant fintech ecosystem, the CoE will engage with regulators, researchers, and industry peers to advance quantum-safe solutions. HSBC is already participating in initiatives like the industry-wide quantum key distribution sandbox, in collaboration with the Monetary Authority of Singapore, DBS, OCBC, UOB, SPTel, and SpeQtral. Philip Intallura, HSBC’s Global Head of Quantum Technologies, stated, “The establishment of our Quantum Centre of Excellence in Singapore allows us to work closely with partners and regulators to explore how these innovations can strengthen long-term security, resilience, and in time, open new possibilities for financial services.”
The centre will focus on applied research into quantum computing and defence solutions, cross-industry collaboration to test interoperability, and strategic experimentation for infrastructure readiness. Additionally, it will foster talent development through partnerships with academic and public institutions. Singapore’s strong regulatory framework and collaborative financial ecosystem make it an ideal location for HSBC’s quantum initiatives.
The establishment of the Quantum CoE in Singapore underscores HSBC’s commitment to advancing quantum technologies and preparing the financial sector for future challenges and opportunities.
