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Singapore regulator, banks test quantum-safe tech for finance cybersecurity

( September 30, 2025, 03:28 GMT | Official Statement) -- MLex Summary: The Monetary Authority of Singapore and four major banks have completed a proof-of-concept sandbox testing quantum key distribution, or QKD, for secure communications in the financial sector. Conducted with DBS, HSBC, OCBC, UOB and technology partners SPTel and SpeQtral, the trial validated that QKD can securely transfer sensitive data. A technical report released Monday highlighted QKD’s potential to bolster cyber resilience, while also noting the need for stronger security standards and interoperability across providers. The MAS said the project marks a step toward quantum-safe strategies to protect financial systems against future cyber threats.The statement follows: ...

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