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NatWest's entry into Digital Catapult's Quantum Technology Access Programme marks a significant step toward commercializing quantum computing for high-value financial applications like fraud detection in large transaction networks. This initiative, supported by the National Quantum Computing Centre and ORCA Computing hardware, demonstrates how UK industry is moving from theoretical research to practical experimentation on complex systems such as banking operations and rare disease modeling.
Digital Catapult Welcomes Eleven Sector Leaders to Quantum Access
Digital Catapult announced eleven sector leaders joining its Quantum Technology Access Programme, including NatWest, to explore quantum solutions for fraud detection.
NatWest will explore using quantum solutions to detect fraud and illicit activity across large transaction networks. This program will apply quantum innovation to financial services and banking operations for the first time. Eleven sector leaders, including the Rail Safety and Standards Board and Health Innovation North West Coast, now comprise the third cohort of the program, delivered with the National Quantum Computing Centre’s SparQ programme, to accelerate practical quantum innovation in UK industry. A particularly impactful use case will apply quantum computing to improve diagnostic modeling, treatment pathways, and outcome…
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