IBM opens first quantum computing center in Europe

New opportunities to develop solutions

The opening was attended by several high-level representatives from global companies based in Europe, including Credit Mutuel, Bosch, E.ON, Volkswagen Group and others, as well as research institutions such as the University of the Basque Country in Spain and the Fraunhofer Society. These organizations are among the more than 80 European-based organizations in the IBM Quantum Network, many of which have the opportunity to access the systems in the IBM Quantum Data Center in Europe, potentially enabling them to explore quantum computing algorithms and applications to solve some of the most complex challenges in their industries.

“Our collaboration with IBM for the ‘scaling phase’ of quantum computing is progressing as planned,” said Frantz Rublé, president of Euro-Information and vice chairman of Crédit Mutuel’s banking division. “We are working on developing concrete applications that will improve the experience of our customers and members and create added value for all of the Group’s business areas.”

He is convinced that quantum computing will bring strategic development, especially for banks, creating new opportunities and offering solutions to complex problems, said the manager. And since it is the only industry that is not protected by patents, quantum computing is not an option but a necessity, he added. The bank of tomorrow must think more customer-centrically, improve services and achieve more efficient operations.