Bank of India and C-DAC sign MoU to Advance Quantum Financial Innovation and Emerging Technology Adoption
• Collaboration to focus on translating indigenous quantum technologies into practical banking applications • Priority areas include quantum-safe security, digital signatures, quantum-generated randomness and advanced optimization • MoU also provides a framework for collaboration in Artificial Intelligence, Blockchain, cybersecurity and other emerging technologies • Joint research, Proofs of Concept (PoCs), technology demonstrations and capacity building to support future-ready banking • Partnership brings together Bank of India’s banking expertise and scale with C-DAC’s capabilities in advanced computing and indigenous technology development New Delhi, October 22, 2026: Bank of India (BOI) and the Centre for Development of Advanced Computing (C-DAC), an autonomous scientific society under the Ministry of Electronics and Information Technology (MeitY), Government of India, today signed a Memorandum of Understanding (MoU) to collaborate on quantum financial innovation and the ...