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Investing.com -- Sealsq Corp (NASDAQ:LAES) stock surged 22.9% Tuesday after the post-quantum semiconductor technology company announced a strategic partnership with Swiss compliance provider Wecan Group to develop a quantum-resistant KYC (Know Your Customer) solution.
The collaboration aims to protect financial institutions’ client data from potential future decryption threats posed by advancing quantum computing capabilities. By integrating Sealsq’s quantum-resistant technologies with Wecan’s compliance and secure data sharing platform, the partnership seeks to establish new security standards for the financial industry.
"This partnership represents a major step forward in preparing regulated institutions for the post-quantum era," said Carlos Moreira, CEO of Sealsq . "Through our quantum-resistant technologies, we will ensure that sensitive client data remains secure, even against future quantum attacks."
Vincent Pignon, CEO of Wecan Group, added, "At Wecan, our mission has always been to help financial institutions manage compliance and client data securely. Integrating post-quantum encryption into our platform reinforces that mission and ensures our clients’ long-term data protection."
The initiative is part of Wecan’s innovation roadmap, which includes several upcoming releases aimed at enhancing client experience. The partnership focuses on securing client data throughout the entire collection and processing lifecycle, addressing growing concerns about data vulnerability as quantum computing advances.
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