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<\/a><\/p>\n\u201cQuantum technologies present significant long\u2011term potential, along with important questions around security, governance and real\u2011world application,\u201d said Dr. Kristin Milchanowski, Chief AI & Quantum Officer, BMO. \u201cThese partnerships enable us to engage constructively with leading organizations across Canada and the U.S. as the field continues to develop, while taking a responsible, informed approach grounded in collaboration, learning and readiness.\u201d<\/p>\n
BMO\u2019s participation in Quantum Industry Canada connects the bank to Canada\u2019s premier business-led quantum consortium, bringing together leading companies and strategic partners across the full quantum stack. Through QIC, BMO engages directly with Canada\u2019s quantum ecosystem, contributing perspectives informed by its expert technology bankers, enterprise\u2011scale financial services experience and long\u2011term readiness considerations.<\/p>\n
\u201cCanada has played an outsized role in building the quantum era. The focus now is on translating that leadership into real capability, markets, and advantage,\u201d said Quantum Industry Canada\u2019s CEO Lisa Lambert. \u201cBMO\u2019s participation reflects the shift from exploration to execution, and the role leading financial institutions play in scaling Canada\u2019s quantum economy.\u201d<\/p>\n
Through its partnership with the Chicago Quantum Exchange, BMO will engage with a Midwest-based intellectual hub that advances the science and engineering of quantum information, prepares the quantum workforce, and drives the quantum economy in collaboration with leading universities, national labs, and industry partners. With BMO\u2019s U.S. headquarters located in Chicago, the relationship provides a local foundation for ongoing dialogue, convenings and workforce\u2011focused engagement, including exposure to emerging research and student talent relevant to financial services.<\/p>\n
\u201cThe CQE is building and scaling a full\u2011spectrum quantum ecosystem by working closely with partners in key industries, like finance, to drive progress across the discovery\u2011to\u2011deployment pipeline,\u201d said David Awschalom, the University of Chicago\u2019s Liew Family Professor of Quantum Engineering and Physics and the founding director of the CQE. \u201cQuantum technologies offer significant potential for financial institutions, from quantum networks that may enhance the protection of personal information to quantum computing approaches that could help identify\u00a0fraud\u00a0more effectively over time. Engaging in early, cross\u2011sector dialogue with partners like BMO that share our commitment to responsible and efficient quantum sector growth is an important part of building a strong quantum economy.\u201d<\/p>\n
Together, these partnerships reflect BMO\u2019s long\u2011term approach to emerging technologies as a financial advisor and capital provider, and as an innovator \u2013 engaging early with leading research and industry organizations, investing in knowledge and talent, and building the governance and institutional understanding required to evaluate potential applications responsibly as the quantum ecosystem matures.<\/p>\n
Recently, BMO became the first Canadian bank to join the\u00a0IBM Quantum Network<\/a>, extending its technology leadership in North America. BMO has also been recognized by Evident AI as one of the world\u2019s top 10 banks for AI innovation, received the Commercial Banking Impact Award for Artificial Intelligence and Advanced Analytics from Datos Insights, and was named one of Fast Company\u2019s Most Innovative Companies.<\/p>\n","protected":false},"excerpt":{"rendered":"Insider Brief BMO is expanding its quantum strategy through partnerships with Quantum Industry Canada and the Chicago Quantum…\n","protected":false},"author":2,"featured_media":4012,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,2843,1261,3833,3834],"class_list":{"0":"post-4011","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ai","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-bmo","11":"tag-canada","12":"tag-chicago-quantum-exchange","13":"tag-quantum-industry-canada"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/4011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=4011"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/4011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/4012"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=4011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=4011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=4011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}