RBC Enhances Cybersecurity with Quantum Technology Strategy

• •RBC appointed Dr. Elizabeth Iwasawa as Director of Quantum to lead its quantum strategy.
• •The bank established partnerships with two Canadian universities to enhance quantum talent development.
• •RBC is implementing a Quantum-Safe Security Program to protect against emerging quantum cybersecurity threats.

On September 28, 2026, the Royal Bank of Canada (RBC) announced advancements in its quantum technologies strategy, including the appointment of Dr. Elizabeth Iwasawa as Director of Quantum. RBC has formed partnerships with the University of Waterloo and the University of Toronto to foster quantum talent and innovation. The initiative aims to enhance cybersecurity measures as quantum technologies transition from research to practical applications. RBC's multi-year roadmap includes a Quantum-Safe Security Program designed to protect client data against future quantum threats. The bank emphasizes its commitment to building a talent pipeline in quantum information science and technologies. These developments position RBC as a leader in the financial sector's adoption of quantum technologies.