A new partnership will test quantum, quantum-safe and related digital technologies for banking while developing specialist skills in India.
The Centre for Development of Advanced Computing and Bank of India have agreed to work together on a quantum-focused programme aimed at testing how next-generation computing could be used in banking. According to the announcement, the partnership is intended to create a “Quantum Ecosystem for Financial Innovation”, combining C-DAC’s work in high-performance computing and quantum technologies with Bank of India’s scale and operational experience across the country.
The memorandum of understanding was signed on October 22, 2026, and is meant to move the two organisations beyond broad discussion into a formal framework for research, pilot projects and technology demonstrations. Officials said the collaboration will also look at quantum-inspired and quantum-safe systems, which are designed to protect data and transactions against future security threats as quantum computing advances.
The scope of the agreement extends beyond quantum computing alone. The partnership is also set to cover blockchain, artificial intelligence, cybersecurity and other digital tools relevant to banking, including intelligent document processing and fraud analysis. Industry reporting on the agreement said the two sides want to assess these technologies in controlled environments before deciding whether they can be adopted more widely.
The deal also has a workforce element. C-DAC and Bank of India plan to develop training and capacity-building programmes in quantum computing, quantum security, artificial intelligence and blockchain, reflecting the need for specialised skills if such systems are to be deployed in mainstream finance. According to the Ministry of Electronics and Information Technology, the collaboration is part of a broader effort to build indigenous technology capability in a sector where resilience, trust and security are becoming increasingly important.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
