Vijayawada, July 23 -- A Quantum Finance Innovation Hub will be set up at Amaravati Quantum Computing Centre in the Andhra Pradesh capital under an MoU signed on Thursday by the AP Quantum Mission and Punjab National Bank.
The agreement was signed in the presence of Chief Minister N Chandrababu Naidu and PNB Managing Director & CEO Ashok Chandra. With this agreement, Punjab National Bank has become the first bank in India to partner with a state government to establish a dedicated Quantum Finance Innovation Hub for the banking sector.
The hub will focus on strengthening cyber security in banking services, developing advanced systems to detect financial fraud proactively and enabling secure digital financial ecosystems through quantum tech...