BANKING
$ 1.77bn
Market to reach $ 1.77bn by 2026
10m Up to 10m times faster than supercomputers
30 % Forecast CAGR in excess of 30 %
Qubits Uses qubits to perform operations on banks in the next five years , compared to just 34 % for the next most popularly cited trend : changing customer behaviours .
This figure is a couple of percentage points lower than it was two years ago , suggesting a slight COVID-19 tempering of expectations , but significantly higher than it was in 2019 – the last full year unaffected by the pandemic – with just 42 % of executives surveyed as part of Temenos ’ 2019 research saying that these technologies would be the biggest driver of change .
Speaking at the time the research was released , Jonathan Birdwell , Global Head of Policy and Insights for Economist Impact , which conducted this survey on behalf of Temenos , claimed that banks were aware of the onus that these expectations placed upon them : “ New technology and customer demands are the top two trends expected to impact banking in the next five years . To maintain their direct connection with the consumer , banks are recognising that they must become true digital ecosystems .”
Risk management among other quantum use-cases Another significant use-case for quantum banking lies around risk , which continues to be an operational tug-of-war for banks
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