Lloyds Banking Group plc tests quantum computing to catch money mules
Lloyds and IBM completed a nine-month quantum computing test that identified a deliberately embedded money mule network using anonymised transaction data on a 156-qubit IBM system. Lloyds called it the first-known quantum experiment targeting mule detection. UK regulators continue to press banks to improve anti-fraud controls. The technology remains experimental and is not yet ready for widespread use.