-- iA Financial Group (IAG.TO) has formed a strategic partnership with PINQ2 (Plateforme d'Innovation Numerique et Quantique in French - Digital and Quantum Innovation Platform), the company said on Wednesday.
iA Financial Group is the first Canadian insurer to partner with PINQ2's Advanced Hybrid Platform, using classical and quantum computing to drive innovation, said the company and added that it aims to explore quantum computing power to enhance its operations and services.
Through this partnership, iA Financial Group will benefit from PINQ2's "orchestrated access to the Canadian quantum ecosystem," working with specialized partners including Enterprise Quantum and the AlgoLab at the Institut quantique, stated the company.
"This partnership not only demonstrates our commitment to merging the strengths of our team's human expertise with the power of digital technology but also emphasizes our dedication to being a learning organization-one that continually adapts, invests in knowledge development and fosters ongoing innovation," said Denis Berthiaume, Executive Vice-President, Strategy, Performance, Mergers and acquisitions of iA Financial Group. "By leveraging these advanced tools and cultivating a culture of learning, we will be able to deliver increasingly innovative and high-performing solutions for our clients."
The company's shares were last seen down $0.29 at $173.77 on the Toronto Stock Exchange.
Price: $174.19, Change: $+0.13, Percent Change: +0.07%