OCBC’s move to train 100 employees reflects Singapore’s national push to lead in quantum technology development.
OCBC Bank is launching an ambitious training program aimed at equipping 100 employees with quantum computing skills over the next three years. This initiative, targeting roles in technology, business, and cyber security, will provide employees with the knowledge needed to develop new applications and bolster defenses against emerging cyber threats.
Quantum computing, which offers speeds and computational power far beyond traditional computers, is expected to revolutionize industries such as drug discovery, artificial intelligence, and cyber security. However, its rapid advancement also poses challenges, particularly in making current encryption systems obsolete.
The training program, which began in May 2024, will include both online and in-person workshops. These will cover the fundamentals of quantum computing and its applications, with 100 hours of specialized courses focused on quantum programming, security, and practical applications for the bank. This program reflects OCBC’s commitment to staying ahead of the curve as quantum technologies gain traction, with an emphasis on creating new roles in financial solutions, fraud prevention, and more.
OCBC is one of the first banks in Singapore to formalize such training, with a goal to build a pool of quantum-savvy employees. As quantum computing applications are expected to take off by 2030, industry experts stress the importance for businesses to invest in quantum strategies now to avoid falling behind.
In addition to internal training, OCBC is collaborating with Singtel to give its employees access to a quantum-safe network, an essential tool for secure communications in a world where quantum computing could potentially break existing security measures. This aligns with Singapore’s broader initiative to develop quantum expertise, with significant investments from the government to establish the country as a global leader in the quantum sector.
