How JPMorgan Chase and Other Banks Plan to Use Quantum Computing
JPMorgan Chase, Ally Bank, Credit Agricole and other banks are actively testing and in some cases using [quantum computing], according to speakers at the HPC + AI on Wall Street conference in New York this week.
Impacts of Quantum Computing and Banking
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 – […]
Cyber Insurance Companies See Risk in Quantum Computing’s Eventual Capability
Cyber Insurance Companies See Risk in Quantum Computing’s Eventual Capability Fitch Rtgs: Quantum Computing a Potential Cyber Risk for US Insurance Cos Full release… The anticipated evolution of quantum computers, estimated to run 100 million times faster than current technology, poses seemingly unlimited long-term benefits for a broad range of organizations in research efforts, new […]
Reducing Monte Carlo Simulations to Near-real Time
Reducing Monte Carlo Simulations to Near-real Time. IBM has revealed research results for quantum computing protocols processing Monte Carlo calculations. Typically, when using Monte Carlo simulations for financial portfolios on classical systems, the calculation and risk assessment computation may last for several days. According to the IBM research, “The quadratic speedup provided by quantum computing may […]