Financial services are intensive users of computing power. For instance, Monte-Carlo simulations used for option pricing can take days to run. The systems needed for simulation are highly complex with a huge number of parameters. You can find similar examples within the three main verticals of the financial market: banking, investment, and insurance.
Thus, Quantum Computing alongside its potential to revolutionise the computing industry, will also disrupt financial institutions. There have been several proposed use cases in this space:
Simulation of financial markets such as option pricing or portfolio risk management will be enhanced.
Quantum optimization method for better portfolio optimization/diversification or issuance of auctions in the field of investment banking.
Quantum Machine Learning algorithms can enable higher performance on credit scoring, fraud detection and money-laundering prevention.
Every step of the customer journey will be impacted by Quantum Computing. The young Fintech industry is always ready to embrace the newest forms of competitive advantage and the next big disruption is forecasted to come from Quantum Computing.
Quantum Computing Use Cases Explained: Finance Infographic
Who are we
Quandela is a European start up that provides photonic quantum computers that are modular, scalable, energy-efficient and accessible both on the cloud and on premise. Our team specialises in the development of both software and hardware solutions for a variety of quantum applications. We offer a wide range of services, from developing the most efficient and brightest single photons sources, to creating algorithms for quantum computers and providing cloud quantum computing solutions.
As an applicant at Quandela, you will join a dynamic and international team of scientists, engineers, technologists, and business professionals. You will have the opportunity to work on cutting-edge technologies and contribute to the development of innovative solutions that will have a global impact. We are looking for passionate and ambitious people who are eager to learn and grow with us.
At Quandela, we are committed to providing end-users with the best quantum computing experience. Our team specialises in the development of both software and hardware solutions for a variety of quantum applications and provides you with the most reliable and cost-effective solutions. Our goal is to make quantum computing accessible and easy to use for everyone. Our technology is backed by the world's leading industry partners, investors, and funding agencies – join us and unlock the potential of quantum computing.
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