CASE STUDY
Truist Financial Corp has joined the IBM Quantum Accelerator program – while welcoming IBM to the bank ’ s Innovator in Residence program .
About Truist
This collaboration is said to spur technology innovation in banking while exploring opportunities for the application of Quantum Computing in the banking industry . The agreement to participate in the IBM Quantum Accelerator program will focus on developing Truist ’ s internal expertise in Quantum Computing with the goal of achieving a quantum-ready state , positioning the bank to exploit the technology ’ s future potential .
Under the agreement , Truist will gain access to IBM ’ s premium Quantum Computing systems , deep expertise and enablement resources . IBM will work with the Truist team to build quantum skills and explore how the technology could benefit their use cases in consumer banking .
Truist Financial Corporation is a purpose-driven financial services company with a leading market share in many high-growth markets in the US .
The company offers a wide range of services including retail , small business and commercial banking ; asset management ; capital markets ; commercial real estate ; corporate and institutional banking ; insurance ; mortgage ; payments ; specialized lending and wealth management .
Headquartered in Charlotte , North Carolina , Truist is a top 10 U . S . commercial bank with total assets of $ 574 billion as of March 31 , 2023 .
“ This collaboration with IBM is a reflection of our commitment to investing in new technologies to deliver on our purpose to inspire and build better lives and communities ,” said Scott Case , CIO , Truist .
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