Partnership reflects the expanding role of financial institutions in advancing Canada’s quantum economy
Quantum Industry Canada (QIC) today announced that BMO has joined its national consortium, strengthening engagement between Canada’s quantum sector and the financial services industry.
BMO’s participation brings one of North America’s leading financial institutions into QIC’s national quantum platform. Through QIC, the bank will deepen its engagement with quantum innovators advancing next-generation technologies, helping to inform its understanding of potential applications and long-term implications, while contributing practical financial services insight to support the growth of Canada’s quantum economy.
BMO’s involvement builds on the recent launch of the BMO Institute for Applied Artificial Intelligence & Quantum, an enterprise-wide centre of excellence focused on the responsible application and governance of AI and the development of quantum capabilities.
“Quantum technologies present significant long-term potential, along with important questions around security, governance, and real-world application,” said Dr. Kristin Milchanowski, Chief AI & Quantum Officer, BMO. “Our engagement with Quantum Industry Canada enables us to work alongside leading Canadian companies and partners to better understand how these technologies will evolve and where they can create meaningful impact for financial services and the broader economy.”
“Canada has played an outsized role in building the quantum era. The focus now is on translating that leadership into real capability, markets, and advantage,” said Lisa Lambert, CEO of Quantum Industry Canada. “BMO’s participation reflects the shift from exploration to execution, and the role leading financial institutions play in scaling Canada’s quantum economy.”
As quantum technologies move closer to real-world application, engagement from major industries like financial services will play an important role in shaping adoption pathways, informing risk and governance frameworks, and supporting the commercialization of Canadian innovation at scale.
