Superfast quantum computers could transform the world of finance, advocates say.
This is why banks, insurance firms, and hedge funds invest millions on technology to give them an edge when trading, and to offset human error. Quantum computers, that owe more to nuclear quantum mechanics than electronics, promise to be exponentially more powerful than traditional computers, holding out the tantalising prospect of near-perfect trading strategies and highly accurate forecasting and risk assessments."Financial services is a data-rich environment," says Kevin Hanley, director of design at the Royal Bank of Scotland (RBS). "Time is money and the ability to process data fast could have a huge potential benefit for our customers."