BMO is joining the IBM Quantum Network, extending its technological leadership in North America and accelerating real financial success for its consumers, clients, and the communities it serves.

BMO receives access to IBM's superior quantum infrastructure, allowing it to develop and implement quantum-powered solutions throughout its operations. The investment in advanced capabilities is essential to BMO's Digital First strategy, which aims to produce progress and outcomes at scale by combining human knowledge with cutting-edge technology.

BMO is Canada's first bank to use the IBM Quantum Network. The network will be used to accelerate the development of innovative techniques to help customers thrive and assist company growth, as well as to optimize investment portfolio strategies and unearth deep insights into risk management solutions.

Dr. Kristin Milchanowski, Chief AI and Data Officer at BMO, remarked that BMO's access to IBM's quantum technologies is a significant step forward in the company's Digital First strategy. Quantum computing has transformational potential, and BMO is now positioned as a pioneer in this field, driving future innovation.

The IBM Quantum Network assists corporations, colleges, laboratories, and industry leaders in their quests to advance quantum usefulness. Members have access to learning tools, experts, and activities that help them speed their research and collaborate.