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HSBC is exploring the potential of quantum computing in areas such as cyber security, fraud detection and natural language processing. The bank is collaborating with quantum computing specialist Quantinuum to assess the technology’s capabilities in the banking sector. The partnership will explore the use of quantum computing in cybersecurity, quantum machine learning, and quantum natural language processing. HSBC and Quantinuum are looking to bring long-term value to the bank and customers through the use of quantum computers.
