(Entrepreneur) Quantum tech is one of the four impending trends won’t just rewire the inner workings of the fintech industry, they’ll create space for further innovation on the part of agile startup entrepreneurs.
Quantum computing is described in the article as “supercomputers on steroids”. Where quantum computing has a potential impact on fintech is with processing and settlement of transactions, faster data processing, risk and performance modeling and better security. Even JP Morgan and Barclays have been dabbling with IBM’s quantum computing tools, looking to the future for practical applications. While quantum computers aren’t yet perfected, if they turn out to work like fintech giants hope they will, that will mean lower energy costs and vastly improved performance.