According to the technical report, the PoC showed QKD’s potential to strengthen communication links, such as those between banks’ data centres and branch offices.
The Monetary Authority of Singapore (MAS) and industry partners have published a technical report detailing the results of a proof-of-concept (PoC) sandbox testing quantum-safe communications for the financial sector.
In the PoC, MAS, DBS, HSBC, OCBC and UOB deployed a Quantum Key Distribution (QKD) solution jointly provided by SPTel and SpeQtral to demonstrate secure data transfer. The project follows a 2024 Memorandum of Understanding among the parties and builds on MAS’s post-quantum cryptography experiment with the Banque de France from last year.
