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Podcast: The Afternoon Update with Lynlee Foo
Episode: [SFF 2024 Special] Industry Insight: How will quantum computing change the financial system?
Description: While quantum computing is still in its developmental stages, it is gearing up to have a profound impact on the financial system. According to McKinsey, by 2035, quantum computing use cases in the finance industry could create $622billion in value. Here in Singapore, efforts are being made to tap into that potential. For example, just a few months ago, the Monetary Authority of Singapore announced plans to invest SGD$100 million to fund quantum computing and AI projects, as part of a scheme to support banks and other financial institutions as they innovate and develop capabilities in b...