Crédit Mutuel Alliance Fédérale and Euro-Information Collaborating with IBM to Shape the Bank’s Quantum Future

FRANCE, June 14, 09:45 CET - The first enterprise in France to join the IBM (NYSE: IBM) Quantum Network, Crédit Mutuel Alliance Fédérale, its technology subsidiary Euro-Information, and IBM today announced their continued investment in quantum computing. This phase also intends to explore possibilities for how quantum computing could lead to future improvements in Crédit Mutuel Alliance Fédérale’s customer and employee experience. Innovation at the core of Crédit Mutuel Alliance Fédérale and Euro-Information’s technological journeyIn 2016, Crédit Mutuel Alliance Fédérale began working with IBM to use artificial intelligence to help its employees. A year and a half later, 25,000 advisors at Crédit Mutuel Alliance Fédérale (Crédit Mutuel branches and CIC agencies), were using the tool on a daily basis to reduce the time spent on administrative tasks, such as data entry, signatures, and search. Crédit Mutuel Alliance Fédérale also includes Caisse Fédérale de Crédit Mutuel, Banque Fédérative du Crédit Mutuel (BFCM) and all its subsidiaries, in particular CIC, Euro-Information, Assurances du Crédit Mutuel (ACM), Targobank in Germany, Cofidis, Beobank, Banque Européenne du Crédit Mutuel (BECM), Banque de Luxembourg, Banque Transatlantique and Homiris.