India, Oct. 23 -- The Centre for Development of Advanced Computing (C-DAC) and Bank of India (BOI) have signed a Memorandum of Understanding (MoU) to collaborate on quantum financial innovation and the adoption of emerging technologies in banking. The agreement was signed on October 22, 2026.
The partnership will focus on joint research, technology development, pilot projects and capacity-building initiatives across quantum technologies, artificial intelligence (AI), blockchain and cybersecurity. It aims to develop a quantum-ready financial ecosystem by exploring quantum-inspired and quantum-safe solutions to strengthen banking security, resilience and decision-making.
Under the agreement, the organisations will identify priority banking ...