NatWest: Getting Ready for Quantum Computing

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
15 April 2020
Zilvinas Bareisis

Winner of Celent Model Bank 2020 Award for Innovation Frontier (Part I)

Abstract

The Celent Model Bank Innovation Frontier award recognises the financial institution’s commitment to innovation and willingness to invest and experiment with leading- and even bleeding-edge technologies. NatWest demonstrated such commitment to innovation in 2020 with two separate initiatives: Quantum-Computing-as-a-Service (QCaaS) and Payit.

This is Part I of the award-winning case study, which profiles NatWest’s QCaaS initiative. NatWest’s Payit solution is described in Part II, NatWest: Innovating in Payments via Open Banking.

NatWest completed the initial stages of building an internal Quantum-Computing-as-a-Service (QCaaS) capability. This enables the bank to test the feasibility and potential benefits of using quantum computing over a classical computing approach to address some of the most complex, time-consuming, and expensive business problems. The bank’s developing expertise in working with quantum software and hardware, as well as its ability to reframe business problems so that they can be optimised using quantum computing, puts NatWest in a strong position to take advantage when quantum computing capability becomes more accessible and reaches commercial-grade viability.

See all 2020 Celent Model Bank winners here.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

Insight details

Industry or Business Focus
Insight Format
Reports
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America