C-DAC and Bank of India team up to prepare banking for the quantum era

C-DAC and Bank of India will jointly explore quantum-safe security, artificial intelligence and other emerging technologies aimed at strengthening fraud prevention and digital resilience.

C-DAC and Bank of India have agreed to work together on quantum technologies and a wider set of emerging digital tools for banking and financial services, in a move that points to growing interest in next-generation systems for security, resilience and fraud prevention.

According to the announcement, the memorandum of understanding was signed on October 22, 2026, and creates a framework for joint research, development work, pilot projects, technology demonstrations and training. The partnership will examine quantum-inspired and quantum-safe systems, which are designed to help financial institutions protect sensitive data against future threats, including the possibility that more powerful computers could one day break today’s encryption methods.

The two organisations also plan to test use cases in artificial intelligence, blockchain, cybersecurity, intelligent document processing, fraud analysis, credit analytics, digital identity and secure data sharing. In practical terms, that means they will look at whether these tools can improve the accuracy of banking processes, strengthen defences against cyberattacks and reduce operational risk.

The agreement also includes capacity-building programmes in quantum computing, quantum security, AI and blockchain, suggesting that the initiative is intended not only to test technology but also to build internal expertise. The MoU was exchanged by Aditya Kumar Sinha, executive director of C-DAC Mumbai, and Satyendra Singh, chief general manager for IT and chief information officer at Bank of India, in the presence of senior officials from the ministry of electronics and information technology, C-DAC and the bank.