Digital Transformation, News

BIS to onboard more central banks in quantum-proof quest

By Ellesheva Kissin
Image via Getty

The Bank for International Settlements is poised to onboard more central banks and private banks in a new phase of a groundbreaking project to ‘quantum-proof’ payment systems.

The potential of quantum computing to break banks’ guardrails poses a growing threat to financial stability. Banks currently use cryptographic algorithms ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.

Read Next:

Conference reporting, Regulation & Supervision
June 13, 2024

Regulators are ignoring banks’ risky, fast-growing ventures, warn former bank execs 

SVB’s ex-head of management governance and former Credit Suisse CRO speak out
Read more