BMO has joined the IBM Quantum Network, becoming the first Canadian bank to gain access to IBM’s quantum computing infrastructure. This collaboration supports BMO’s Digital First strategy, which aims to integrate advanced technologies into its financial services.
By leveraging IBM’s quantum systems, BMO plans to explore applications in portfolio optimization, risk management, and business growth strategies. The bank’s participation in the network will provide access to IBM’s quantum expertise, research resources, and industry collaboration opportunities.
IBM sees financial services as a key sector for quantum adoption, with institutions increasingly incorporating quantum computing into long-term innovation strategies. BMO’s involvement positions it among leading banks exploring quantum-powered solutions.
For more about BMO and their activities exploring quantum technology with IBM, visit the company’s announcement here.
February 8, 2025
