As an emerging alternative to the traditional computer, JPMorgan execs believe quantum computing could upend how finance firms perform computations.
Unlike classical computers, which can store only a one or a zero, quantum computers use quantum bits, or qubits.
Qubits can store multiple values at the same time, which theoretically gives the quantum computers big speed advantages.
Meanwhile, Fidelity has been exploring the potential of quantum computing in wealth management.
Wells Fargo, too, has invested in quantum computing to process complex data structures used for fraud detection.