Quantum computers are machines that use the properties of quantum physics to store data and perform computations. Quantum computing in financial services, or quantum finance, is an emerging field that integrates principles from quantum physics and quantum computing with financial services to solve complex problems more efficiently. It uses the unique properties of quantum computing, like superposition, interference, and entanglement, to potentially revolutionize areas like risk management, derivatives pricing, fraud detection, asset valuation, and financial crash forecasting.
Key Highlights
- Machine learning and generative AI are already widely used by financial services companies. The addition of quantum computing will enhance the performance and quality of financial algorithms, enabling them to solve complex problems more effectively. Problems will need to be framed in quantum-friendly architecture to capitalize on the power of quantum.
- With the continuous improvement in the scale and reliability of quantum computers, the industry is moving closer to true fault-tolerant quantum computing. Tools like quantum machine learning will be implemented in practical applications within 10 years.
Scope
- This report analyzes the potential impact of quantum computing on financial services. It looks specifically at nine financial services use cases: arbitrage detection, complex derivatives pricing and risk analysis, estimation of economic capital requirements, convex portfolio optimization, financial product recommendations, credit scoring and credit risk, fraud and anomaly detection, quantum safe key transmission, and predicting financial crashes.
Reasons to Buy
- Quantum computing could revolutionize the financial services industry by solving problems intractable for classical computers. This report takes a deep dive into this subject, highlighting use cases for quantum computing in financial services and identifying the most relevant algorithms.
Table of Contents
- Executive Summary
- Quantum Use Cases in Financial Services
- Quantum Algorithms and Applications
- Quantum Strategies
- Timeline for Quantum in Financial Services
- Glossary
- Further Reading
- Thematic Research Methodology
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 1QBit
- 360 Capital
- Air Bus Ventures
- AWS
- BNP Paribas
- C12 Quantum Electronics
- Citibank
- D-Wave
- Bpifrance (Banque publique d'investissement)
- European NEASQC (Next Applications of Quantum Computing)
- Goldman Sachs
- HSBC
- IBM
- Japan Post Bank
- JPMorgan Chase
- OVHcloud
- QC Ware
- Quantinuum
- Quantum Motion
- Rigetti (QxBranch)
- Silicon Quantum Computing (SQC)
- University of South Wales (Australia)
- Wells Fargo
