American Banker reposted this
Marco Pistoia, global head of quantum computing at JPMorganChase, is putting technology defenses in place to get the bank ready for Q Day, the day quantum computers can break RSA encryption. https://lnkd.in/erPhFEBY "If you're leaving for a vacation, you're definitely going to lock your front door," Pistoia said. "But why wouldn't you lock the windows upstairs just in case somebody uses a ladder? Why wouldn't you set the alarm system if you have one? So it's very important to have layered defenses." Pistoia's team is also developing algorithms that could run on quantum computers to do portfolio optimization, fraud detection and other work. How important do you think it is to be ready for the day quantum computers become powerful and reliable enough for practical use?