LGT Financial Services grounds post-quantum migration in live banking pilot
LGT Financial Services deployed hybrid X25519 key exchange with the post-quantum ML-KEM mechanism in online banking, with the pilot running without failures for customers. The company began preparing for the quantum threat in 2022 and created a quantum security competence center.
- LGT online banking uses hybrid X25519 and ML-KEM key exchange
- Quantum security competence center created after 2022 risk discussions
- Tests revealed compatibility issues on load balancers and CDNs
- Since 2023–2024 LGT has surveyed vendors on algorithm support timelines
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