Impacts of Quantum Computing and Banking
Quantum Computing will have a Positive Impact on Portfolio Optimization, Risk Analysis, Asset Pricing, and Trading Strategies
Selected notes ~
+ Quantum computing is a nascent field that offers banks more assistance in the areas of risk assessment, asset growth, and customer customization.
According to Deltec Bank, Bahamas – “Exploration of how quantum computing can have positive impacts on portfolio optimization, risk analysis, asset pricing, and trading strategies is just the tip of the iceberg of what this technology could provide.” Although mapping the traditional tasks to this new system is a laborious task, the automation, and in-depth machine learning options provide a lot of potentials.
+ It may be several years before we understand the entire impact of how this technology can impact banking applications. Recent case studies suggest that it could create massive changes with many positive implications for consumers.
+ It is too early to tell what the eventual outcome will be, but many banks believe that quantum computers can provide exponentially more power for solving specific problems that require sophisticated algorithms. That means it will become easier to predict how a portfolio performs under varying circumstances without the need for trial-and-error solutions.
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