HSBC has established a Quantum Centre of Excellence ( CoE ) in Singapore as part of its efforts to promote quantum innovation and security. This is the bank’s second global quantum CoE, following the first centre in the United Kingdom.

The Singapore CoE will focus on exploring the real-world applicability of quantum technologies in financial services. Its initial priorities include post-quantum cryptography ( PQC ), quantum key distribution ( QKD ), and long-term infrastructure resilience, alongside exploration of how quantum computing could enhance areas such as financial modeling, optimization, and machine learning. 

The centre will also serve as a platform for engaging ecosystem partners, including regulators, researchers, and fintech players, in advancing the shared understanding and development of quantum-safe solutions.  

HSBC is already actively engaged in such efforts through its participation in initiatives like the industry-wide QKD sandbox for secure communications in the financial sector, conducted with the Monetary Authority of Singapore, DBS, OCBC, UOB, SPTel, and SpeQtral.

“As quantum technologies evolve, it is important for the financial sector to prepare for the opportunities and challenges they may bring,” says Philip Intallura, global head of quantum technologies at HSBC. “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 Singapore CoE will prioritize applied research into quantum computing techniques as well as quantum defence solutions such as PQC, QKD, and hybrid cryptographic frameworks; cross-industry collaboration to test interoperability, use cases, and standards; strategic experimentation focused on long-term infrastructure readiness; and talent development in partnership with academic and public institutions.