Credit Agricole CIB kickstarts quantum project

The corporate and investment banking arm of CIB has teamed up with Pasqaland and Multiverse to explore applications for quantum computing in finance.

Multiverse

The corporate and investment banking arm of CIB has teamed up with Pasqaland and Multiverse to explore applications for quantum computing in finance.

French company Pasqal is developing a quantum computer based on neutral atoms arrays, a leading edge technology currently being trialled to build industrial quantum computers. Spanish company Multiverse Computing specialises in quantum algorithms which can be run both on quantum and classical computers.

The French bank says the project will seek to apply quantum computing to real world finance applications for capital markets and risk management, with the aim of outperforming current state-of-the-art algorithms.

Read full article in finextra.com