Quantum in Financial Services
When it comes to using advanced technology to increase profit, reduce cost, and improve efficiency, financial institutions have often led the way. Today, many of those same companies are at the forefront of exploring how quantum computers can be used to drive competitive advantage.
Delivering Real Business Value Today
The opportunities for better risk management, lower transaction costs and overhead, and better forecasting can add up to billions of dollars in potential gains per year for a firm. In collaboration with Bankia, a Spanish financial services company, Multiverse Computing used the D-Wave hybrid solver service to create a portfolio with 15% risk that yielded a 60% return on investment, whereas randomly selected portfolios at the same level of risk were entirely scattered along a continuum ranging from a 20% return to a 20% loss.
Multiverse and BBVA Optimized a Portfolio for a 60% ROI at Lower Risk
Managing financial portfolios to achieve maximum reward at the lowest possible risk is a feat of staggering complexity. See how D-Wave's quantum technology can help.
Unlock Your New Competitive Edge
In a survey from 451 Research, 35% of large enterprises surveyed reported they were already experimenting with quantum computing. Companies in financial services and insurance were among the most aggressive in looking towards quantum computers to solve such problems. The top two reasons they cited were to increase efficiency and increase profitability.
According to the Boston Consulting Group, quantum computing can unlock long-term value of $42B to $67B for financial institutions. In addition, lower energy consumption of quantum computers can advance sustainability agendas. It is no wonder the FinServ industry is moving quickly.
Optimization is at the Heart of Finance
Complex financial optimization problems can be hard, or even impossible, for classical computers to solve. For a portfolio of just eight assets in which transactions are performed every month for four years, the number of possible configurations is far greater than the number of atoms in the known universe. A quantum-hybrid approach has already tackled this problem successfully.
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Ready to Launch Your Quantum Project?
D-Wave Launch is designed to help enterprises go from problem discovery to production implementation and accelerate the quantum journey. Engage our in-house professional services teams and technical domain experts to help kick off your first quantum project, train your teams on quantum, and realize real business value faster.
Identify your key quantum use cases, build a proof-of-concept plan, train up your end users
Build a working prototype or proof-of-concept using real application data, scope out production application roadmap
Build, test, and deploy a production application using a phased approach
Deploy a live application at full production scale