Truist Financial Corp will join the IBM Quantum Accelerator program – a collaboration pitched as having the potential to spur technology innovation in banking while exploring opportunities for the application of Quantum Computing in the banking industry.
The agreement to participate in the IBM Quantum Accelerator program will focus on developing Truist’s internal expertise in Quantum Computing with the goal of achieving a quantum-ready state, positioning the bank to exploit the technology’s future potential.
Under the agreement, Truist will gain access to IBM’s premium Quantum Computing systems, deep expertise and enablement resources. IBM will work with the Truist team to build quantum skills and explore how the technology could benefit their use cases in consumer banking.
“This collaboration with IBM is a reflection of our commitment to investing in new technologies to deliver on our purpose to inspire and build better lives and communities,” said Scott Case, CIO, Truist.
“Quantum Computing has the potential to transform how we do banking and solve complex problems. IBM is a leader in Quantum Computing and their collaboration and expertise will be invaluable to ensure we are able to leverage these new technologies to the fullest potential.”
