CASE STUDY
“ Quantum Computing has the potential to transform how we do banking and solve complex problems . IBM is a leader in Quantum Computing and their collaboration and expertise will be invaluable to ensure we are able to leverage these new technologies to the fullest potential .”
According to IBM ’ s Institute for Business Value report The Quantum Decade , financial institutions around the world must be prepared for dramatic changes as a result of the exponential power of Quantum Computing .
“ Forward-thinking financial institutions around the world are actively exploring real-world application opportunities of Quantum Computing . Ensuring access to quantum talent , expertise and technology must be a prominent element of any enterprise architecture strategy today ,” said John Duignan , Distinguished Engineer and General Manager Financial Services Industry , IBM Technology .
“ Truist ’ s demonstrated innovation mindset is commendable and we are excited to join Truist in exploring transformative technologies that will benefit their customers .”
Additionally , building on more than 15 years of collaboration with the bank , IBM will become one of Truist ’ s Innovators in Residence . This program brings together tech giants and startups at Truist ’ s Innovation and Technology Center to collaborate with Truist ’ s resident innovators creating an environment to explore new and emerging technologies in finance .
IBM Quantum Accelerator
IBM Quantum Accelerator program offers resources to businesses at any point on their journey to quantum readiness . The Accelerator offering is designed to set organizations on the path to quantum advantage : It is meant to make quantum computation part of mainstream company workflows for any organization , regardless of Quantum Computing maturity level .
Whether organizations are simply ‘ quantum curious ’ or have already invested in building quantum skills , the Accelerator is intended to help push themselves further along their path to quantum competency . Participants have premium access to IBM ’ s world-class Quantum Computing systems and the unique opportunity to work with IBM Quantum experts to explore how this technology can benefit their specific domain – readying ready their teams with the skills and capabilities necessary for a quantum-ready workforce .
Those taking advantage of the Accelerator offering receive access to IBM ’ s advanced Quantum Computing tools and expertise .
Participants have access to IBM Quantum services , including either shared or dedicated system access . Enablement services for Accelerator participants include workshops and tutorials , consultation and dedicated IBM Industry and Technical Services team members to help train , support and guide users .
IBM Quantum has put together recognised world-class Quantum Computing educational materials and participants in the Accelerator will have access to multiple levels of tailored educational offerings . Foundational training offered includes Quantum Computing and algorithms for executives , technical training to up-skill and re-skill the given industry ’ s workforce and help for domain experts toward a deep understanding of quantum algorithms by applying them to data that the participant supplies .
As part of this commitment , IBM will deploy dedicated teams with subject matter expertise onsite and share knowledge relating to emerging payment technologies , operational resiliency , Artificial Intelligence , automation and business process and operations transformation .
“ The core of our technology strategy is developing innovative solutions to complex challenges that will deliver real value for our customers ,” said Ken Meyer , Divisional Chief Information and Experience Officer at Truist .
“ We do this by creating a working environment where we can better collaborate with our teammates , clients , and partners to co-create solutions together . We ’ re thrilled to welcome IBM to our Innovators in Residence Program where their deep technology and banking industry expertise will contribute to discussions and explorations about the future of banking .” p
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