PIB News
C-DAC and Bank of India Collaborate on Indigenous Quantum Technologies for Banking
C-DAC and Bank of India signed a Memorandum of Understanding on October 22, 2026, to collaborate on advancing indigenous quantum technologies for banking applications. This partnership aims to drive joint research, technology demonstrations, and capacity-building initiatives relevant to the banking sector. By combining C-DAC's expertise in high-performance computing and emerging technologies with Bank of India's banking knowledge, they plan to develop a Quantum Ecosystem for Financial Innovation. The collaboration seeks to prepare banking systems for new opportunities and address security challenges posed by quantum technologies.
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