Tagged: quantum computing

December 5, 2021 @ 6:48 pm By Omar Faridi  |  

Classiq, which offers a breakthrough Quantum Algorithm Design platform, has announced that it is working with NTT DATA to implement ‘”novel” credit risk analysis algorithms using quantum computers. Credit risk analysis “exists to determine the creditworthiness of borrowers or vendors to quantify and limit the… Read More

October 22, 2021 @ 9:11 am By Omar Faridi  |  

Multiverse Computing, the quantum computing startup that’s focused on finance, has finalized a €10 million (appr. $11.55 million) seed round. Multiverse Computing created its main product Singularity® for firms operating in the financial industry and looking for a competitive advantage by leveraging quantum computing solutions…. Read More

October 2, 2021 @ 11:55 am By Omar Faridi  |  

Arqit Quantum Inc., a leader in quantum encryption tech, is pleased to confirm the appointment of Jason Nabi as MD, Financial Services, with “immediate effect.” As a 30-year veteran in Capital Markets and the Fintech sectors, Jason has “held leadership positions at some of the… Read More

October 1, 2021 @ 3:07 pm By Omar Faridi  |  

Cambridge Quantum (CQ) is pleased to confirm that the latest version of TKET (pronounced “ticket”), their high-performance hardware-agnostic quantum software development kit (SDK), is completely open-source. Ilyas Khan, CEO at CQ, noted that they had first announced that TKET would be “available on an ‘open-access’… Read More

July 23, 2021 @ 9:42 am By Omar Faridi  |  

In a new development that is most likely to establish a new industry standard, scientists at Cambridge Quantum (CQ) have created a new algorithm for solving combinatorial optimization problems that have become widespread in business and industry, like the travelling salesman, vehicle routing or job… Read More

May 18, 2021 @ 9:27 pm By Omar Faridi  |  

Japanese technology giant Toshiba is reportedly working with Dharma Capital to test out the use of quasi-quantum tech in financial trading. The trial, carried out by Toshiba and Dharma Capital, will look into the effectiveness of high-frequency trading (HFT) strategies for listed stocks in Japanese… Read More

May 2, 2021 @ 2:17 pm By Omar Faridi  |  

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has revealed that it’s made a major quantum computing breakthrough. Goldman said that it’s working on computer algorithms that may be used on hardware that could be available within the next 5 years. Goldman Sachs has reportedly… Read More

March 14, 2021 @ 2:52 pm By Omar Faridi  |  

Deutsche Börse, the German stock exchange company, has reportedly completed the pilot or testing of various quantum computing algorithms which are used to evaluate or create risk models. The pilots found that quantum tech may bring down the time needed for certain simulations from years… Read More

March 7, 2021 @ 12:51 pm By Omar Faridi  |  

The UK government, via the UK Research and Innovation (UKRI), is planning to invest £153 million, in order to create new products and services that are based on recent advancements in quantum technologies. Quantum tech is expected to have a major impact on the financial… Read More

February 11, 2021 @ 8:02 am By Omar Faridi  |  

John Smith, who has been regularly keeping up with computer science, quantum computing, and cryptocurrency-related developments, claims that the “future of crypto” is quantum-resistant, meaning we must build systems that can protect themselves against the potential attack from quantum computers (QCs) when they become powerful… Read More

November 7, 2020 @ 11:07 am By Omar Faridi  |  

LocalBitcoins, a leading peer to peer (P2P) Bitcoin exchange, notes that with the advent of quantum computing, there have been concerns that this new technology could be a threat to existing online protocols. Some experts claim that powerful quantum computers might become a legitimate threat… Read More

November 2, 2020 @ 8:28 pm By Omar Faridi  |  

The Quantum Resistant Ledger (QRL) Foundation, which is an organization that has developed a quantum-secure blockchain network and digital asset platform, has teamed up with Insight’s quantum cryptography research division. Both organizations will be working on global standards for QRL’s “quantum-secure” Proof-of-Stake network, which is… Read More

October 6, 2020 @ 10:15 pm By Omar Faridi  |  

The NExt ApplicationS of Quantum Computing (NEASQC) initiative aims to bring together a multidisciplinary consortium of academic and tech industry professionals focused on quantum computing, high-performance computing, artificial intelligence (AI), energy management, and various other sectors. As mentioned in a release: “NEASQC aims to demonstrate… Read More

October 4, 2020 @ 12:53 pm By Omar Faridi  |  

The team at Quantum Resistant Ledger (QRL), which claims to be the “first-of-its-kind,” post-quantum value store and “decentralized” communication layer that’s proactively tackling the threat from quantum computers, has confirmed that x41 D-Sec has started their audit of project enQlave, which is an Ethereum (ETH)… Read More

September 13, 2020 @ 10:49 pm By Omar Faridi  |  

The team at Quantum Resistant Ledger (QRL), a post-Quantum value store and decentralized communication layer, notes that there’s recently been what appears to be “another quantum leap” in the field of quantum computing. The QRL team states: “The team at @ustc potentially achieved ‘quantum supremacy’… Read More

September 2, 2020 @ 6:11 pm By Omar Faridi  |  

The team at Quantum Resistant Ledger (QRL), which claims to be the “first-of-its-kind,” post-quantum value store and “decentralized” communication layer that’s proactively tackling the threat from quantum computers, reveals that x41 D-Sec has been contracted to audit project enQlave. As explained by the QRL team,… Read More

August 28, 2020 @ 3:29 pm By Omar Faridi  |  

South Korea-based DGB Daegu Bank, which is part of the DGB Financial Group (DGBFG), a banking holding company based in Daegu, has partnered with SK Telecom, a South Korean wireless telecommunications operator. Through the partnership, both organizations aim to enhance Daegu Bank’s IM Bank app’s… Read More

August 27, 2020 @ 2:02 pm By Omar Faridi  |  

BBVA, a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, is reportedly planning to conduct trials of its new software that allows merchants to take contactless payments via their Android mobile devices, without having to install… Read More

July 19, 2020 @ 3:00 pm By Omar Faridi  |  

BBVA (Banco Bilbao Vizcaya Argentaria, S.A.), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, has introduced the results of six proof of concept (PoC) trials that leverage quantum computing for several different potential business use… Read More

July 13, 2020 @ 8:15 am By Samantha Hurst  |  

Standard Chartered Bank announced on Monday it and Universities Space Research Association (USRA) have signed a Collaborative Research Agreement to partner on quantum computing research and developing quantum computing applications. Standard Chartered reported that its team, led by Dr. Alexei Kondratyev, Global Head of Data… Read More