There has been recently much interest in quantum computing, which holds the promise of speeding up numerous (but certainly not all) problems. We work with one of the world's largest financial institutions to explore the applications of quantum computing in the Financial Services Sector.

Quantum computing holds the promise of revolutionizing how we solve certain computationally challenging problems. In the financial services industry, there are many computationally challenging problems arising in applications across asset management, investment banking, and retail and corporate banking. With the first, noisy quantum devices leveraging the principles of quantum mechanics available publicly today, the applicability of quantum computing for problems in finance and demonstrating quantum advantage in first applications are active topics of research.

A multidisciplinary team comprising Jakub Marecek, Vyacheslav Kungurtsev, Georgios Korpas works on related topics in collaboration with one of the world's largest financial institutions, whose generous funding is much appreciated. Unfortunately, the NDA prohibits us from listing it among the partners of AIC.

Please see https://arxiv.org/pdf/2006.14510.pdf for an extensive survey by Jakub Marecek and co-authors for more details.

Image credit: Egger, Marecek, and Woerner (https://arxiv.org/pdf/2009.10095.pdf). The figure shows an initial state on the Bloch sphere (red point) and a solution to a relaxed problem (red line) and the  evolution of the quantum state with a particular quantum optimization algorithm (orange path)