HSBC sets up Singapore centre to explore quantum tech in finance

Initial priorities include PQC, QKD, and long-term infrastructure resilience.

HSBC has established a Quantum Centre of Excellence (CoE) in Singapore, its second following the first in the UK.

The Singapore CoE will explore the real-word applicability of quantum technologies in financial services.

Initial priorities include post-quantum cryptography (PQC), quantum key distribution (QKD), and long-term infrastructure resilience, HSBC said in a press release on 24 September 2025.

Other priorities include the exploration of how quantum computing could enhance areas such as financial modeling, optimisation, and machine learning.

HSBC envisions the CoE to serve as a platform for engaging ecosystem partners, including regulators, researchers, and fintech players.

The bank said that it is already “actively engaging” 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 alongside DBS, OCBC, UOB, SPTel, and SpeQtral.