AI has great potential to enhance how we work and serve our customers. It can make us faster and more efficient, freeing up our people to focus on improving customer experiences. The combination of great technology and great people is key to how we use AI – leveraging complementary strengths like AI’s processing power alongside expert human judgement. We’re evolving our approach to AI as the technology and understanding develops, always in line with our core principle of acting responsibly and ethically.
Quantum technologies represent a groundbreaking approach to information tasks, as they directly leverage the laws of quantum physics. By tapping into quantum phenomena such as superposition and entanglement, these technologies surpass the capabilities of digital systems by a significant margin. The potential impact of quantum computing on the banking industry is immense. It could revolutionise crucial areas like risk analytics, machine learning, financial simulations, derivative pricing, optimisation, and cybersecurity. In pursuit of this cutting-edge technology's possibilities, HSBC is collaborating with other companies, academia, regulators and research laboratories to investigate the potential of this bleeding-edge technology.