@Krista Summitt in general most financial institutions would need to prioritize "risk framework" in this and risk management would be a key area where quantum computing can create substantial value for a financial institutions - having been on all three sides (business, wall street analyst, IT/Security) I think that the way that consulting firms approach this is too simplistic - not beating up on the one cited specifically - "value" are we talking about market value, enterprise value, profitability ratios, valuation metrics for value, tangible book value, earnings, free cashflow value, price to book value, etc. or are we talking about security from an existential perspective to an FI (as a single quantum hack that destroys data storage and data inflight given how much has already been harvested is existential for an FI and its ecosystem. Quantum computers can perform more complex risk calculations and simulations, considering a larger number of variables - the value of that tool and the value it can generate is massive (much longer diatribe lol)
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Weiyee In
CIO
Protego Trust Bank
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Original Message:
Sent: Tue October 22, 2024 11:24 AM
From: Krista Summitt
Subject: Member Poll: Where Will Quantum Create the Most Value for Financial Institutions?
In his recent blog on Finextra, senior writer Hamish Monk shares that according to McKinsey, in just over ten years,
quantum-computing use cases could create over $600 billion in value for the industry. This will be generated by
sharpening existing processes, and creating new ones.
So this week's member poll question asks: Where (what functional area) Will Quantum Create the Most Value for Banks?
Vote now on the homepage http://ibm.biz/fsccandf
Screenshot:
#financial-services
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Krista Summitt
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