Through a proof of concept, BBVA and Spanish startup Multiverse have tried out and benchmarked different quantum technology platforms to solve a classic problem of finance: the optimization of investment portfolios with real market data. As published in a scientific paper, the authors have elucidated new formulas that could help speed up this type of calculation, maximizing profitability and minimizing risk.
Quantum computing is one of the technological fields that BBVA is closely following through various lines of research aimed at exploring its applications in the world of finance. As part of this work, and in collaboration with Spanish startup Multiverse, the joint research team has evaluated and benchmarked a number of quantum and traditional technologies to improve the process of dynamically optimizing investment portfolios with market data.
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