Two Innovative Banking Technologies for 2022 and Beyond

Two new technologies could have an outsize impact on the banking industry. One of them, quantum computing, enables companies to solve problems too complex for traditional computers. While quantum hardware and computing processes are still developing, financial institutions can prepare for them by learning more about the technology and its applications now. Amazon, IBM, Google and Microsoft have already launched commercial quantum computing cloud services, according to McKinsey. The consulting firm says other companies "should start to formulate their quantum-computing strategies," especially in industries, such as pharmaceuticals and finance, that may see early benefits from the technology.