Lloyds Banking Group Completes First-Known Quantum Computing Experiment for Money Mule Detection

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Lloyds Banking Group completed what it describes as the first-known experiment into how quantum computing could help identify money mules — individuals who allow their bank accounts to be used to launder criminal proceeds. The experiment explores applying quantum algorithms to network analysis problems that are computationally intractable for classical computers. This joins a growing wave of quantum finance experiments from HSBC, JPMorgan, and others.