The heart of any computer, its central processing unit, is built using semiconductor technology, which is capable of putting billions of transistors onto a single chip. Now, researchers from the group of Menno Veldhorst at QuTech, a collaboration between TU Delft and TNO, have shown that this technology can be used to build a two-dimensional array of qubits to function as a quantum processor. Their work, a crucial milestone for scalable quantum technology, was published today in Nature. Quantum computers have the potential to solve problems that are impossible to…

SEB and Google Cloud announced that they have entered into a strategic, long-term partnership to accelerate the bank’s digitisation journey. SEB will use Google Cloud’s innovative cloud technologies, and collaborate to create pioneering new banking services for its customers. SEB’s innovation studio and next-generation banking platform, SEBx, is already benefiting from Google’s Infrastructure and Data Cloud technologies, such as Kubernetes Engine and Cloud SQL, helping the bank achieve greater cost efficiency, flexibility, and network scalability. As part of the extended partnership announced today, SEB will use Google Cloud more broadly…

ePassi Payments Oy, the leading mobile payment solution for employee benefits and one of the fastest growing companies in Europe, has entered an agreement to acquire Sodexo Benefits & Rewards Services’ (BRS) business in Nordics, including Sodexo Pass Sweden and the Finnish company Eazybreak Oy. Through these acquisitions, ePassi further strengthens its position in the Nordics, nearing a userbase of 1.5 million. The combined entity will have close to 9,000 clients, more than 35,000 affiliated merchants, and a Gross Merchandise Volume of approximately EUR 350 million. “Demand for fully digital…

Fidesmo Pay expands in Europe and is entering Switzerland by collaborating with Cembra, a leading Swiss provider of consumer finance products and services.   Tech company Fidesmo, providing the wearable payment service Fidesmo Pay, has entered a collaboration together with Cembra. This means that customers with one of the payment cards issued by Cembra, will be able to connect it to a wearable with support for Fidesmo Pay and make contactless payments. Attractive Swiss wearable partners have already joined in and will launch their smart products based on Fidesmo Pay in…

Fintech has done well amid the coronavirus pandemic as e-money use grows along with other forms of contactless living, and Lithuania, a European star of the industry where welcoming Fintechs is a national priority, continues to attract international players. This is largely due to the straightforward processes and the help that is available for getting licensed and up and running in the Baltic nation – including for often overlooked but vital matters of technological capabilities and compliance. “The whole Fintech ecosystem here is so developed – business support networks, clear…