TOKYO -- Japan's MUFG Bank has invested in Groovenauts, a Japanese startup that offers quantum computer technology, Nikkei has learned. The megabank seeks to use quantum technology for financial services, including for complex transactions such as derivatives trading, asset risk management, and to enhance its operational efficiency.
Finance
MUFG aims to use quantum computer tech in financial services
Japanese megabank invests in startup to acquire know-how
Japanese megabank MUFG Bank is hoping to get a jump on its competitors by investing in a quantum computing startup and applying the knowledge it gains to its business. (Source photo by Yo Inoue)
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