New Delhi, Oct. 23 -- The Centre for Development of Advanced Computing (C-DAC) and Bank of India (BOI) have signed a Memorandum of Understanding (MoU) to explore indigenous quantum technologies and emerging digital solutions for banking, with a focus on cybersecurity, financial innovation and building a future-ready banking ecosystem.

The MoU was signed on October 22, 2026, establishing a framework for joint research and development, pilot implementations, technology demonstrations and capacity-building initiatives in areas relevant to the banking and financial services sector, according to the Ministry of Electronics and Information Technology.

The collaboration will combine C-DAC's expertise in high-performance computing, artificial i...