The investigation leveraged IBM's Quantum Heron device, employing 152 of its 156 available qubits to test various quantum algorithms. The mission was to identify patterns of known money mule behaviour within a larger transactional graph.
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Lloyds Bank uses quantum computing to detect money mules
“Financial crime is becoming more complex and more network‑driven, which means we need to keep pushing the boundaries of technology to protect customers,” said Ron van Kemenade, COO at Lloyds Banking Group
