ASIC has banned Sudhir Kumar Sinha, a financial planner at Westpac who "systematically failed to meet his ongoing advice service obligations over a period of six years while he was employed by Westpac." This included a failure to conduct pre-paid ongoing reviews for at least nine clients. The investigation followed a breach notification by Westpac. Westpac later identified to ASIC that 177 clients who did not receive service by Sinha were charged fees. The action is part of ASIC's Wealth Management Project, established in October 2014 to lift standards and improve the conduct of the largest financial advice firms (NAB, Westpac, CBA, ANZ, Macquarie and AMP). The remediation program established by Macquarie Equities Limited, as part of an Enforceable Undertaking agreement with ASIC, is "substantially complete" the regulator said. Since the remediation program was established in 2014, Macquarie Equities has paid out around A$24.7 million in compensation (including interest) to 263 clients. A small number of cases have not been finalised - "typically because they are the subject of litigation or a current [Financial Ombudsman Service] complaint," said ASIC. Commonwealth Bank of Australia hopes to one day use quantum computers to drive insights for its customers, according to CIO magazine. Speaking at a Vivid event in Sydney last week, CIO David Whiteing said the technology could also be used within the bank for risk management and secure communications. CBA has already been providing customers with analytics that draws on data sets that include the CBA's 1.2 billion monthly transaction records, industry data, and a customer's account and point-of-sale information - for its small and medium business customers. CBA is not the only bank pursuing quantum solutions to security problems. In January, Westpac upped its stake in Canberra-based quantum cyber security company QuintessenceLabs.