OCBC deepens quantum research with NTU, NUS and SMU
17 July 2025
From left: Professor Wang Huaxiong from the School of Physical & Mathematical Sciences at NTU; Praveen Raina, head of group operations and technology at OCBC; David Koh, chief quantum adviser and chief of digital security and technology at MDDI; Professor Valerio Scarani, deputy director of NUS’ Centre for Quantum Technologies; and Associate Professor Zhu Feida, associate dean, partnership & engagement, at SMU’s School of Computing and Information Systems. PHOTO: OCBC
Singapore, 17 July 2025 – OCBC announced today that it is deepening research in quantum technology with three of Singapore’s longest established universities – the National University of Singapore (NUS), Nanyang Technological University, Singapore (NTU Singapore), and Singapore Management University (SMU). The 12-month long research collaborations aim to develop innovative quantum applications in three key areas: derivative pricing, data security and fraud detection.
The signing of the research collaboration agreements with the three Institutes of Higher Learning (IHLs) was witnessed by Mr David Koh, Chief Quantum Advisor, Chief of Digital Security and Technology, MDDI, and Chief Executive, CSA.
The research collaborations are in line with Singapore’s ambition to be a leading hub for quantum technology development and deployment. Singapore will invest close to S$300 million to boost quantum technology research and talent – including efforts to build processors for quantum computers locally and develop quantum computing applications for industry use cases under the National Quantum Computing Hub.
The findings from the research collaborations with NUS, NTU and SMU will be published in technology-focused research papers and journals, benefitting the financial industry. This will enable the banking sector to assess the suitability of applying quantum technology to key banking operations and potentially accelerating the adoption of this technology.
Professor Wang Huaxiong, School of Physical & Mathematical Sciences, NTU, Director, Strategic Centre for Research in Privacy-Preserving Technologies & Systems (SCRIPTS) and Co-Director, Digital Trust Centre (DTC), said: “As quantum computing advances, the urgency to secure digital systems against future threats becomes critical, especially in the banking sector, where trust and data protection are paramount. At NTU, we are leveraging our deep expertise in post-quantum cryptography to develop solutions that can withstand next generation cyberattacks. Through this collaboration with OCBC, we aim to deliver practical, scalable tools that help make our banking infrastructure more resilient and ensure long-term security and peace of mind for users."
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