maximer-v / quantum-machine-learning-finance-cases

Repository to compile real-world gate-based quantum machine learning use cases in the finance sector.

Gate-based Quantum Machine Learning (QML) Use Cases for the Finance Sector

This repository was created to compile real-world quantum machine learning cases.

Note: This content is not considering cases with quantum annealers, or mainly regarding optimization problems, but potential supervised and unsupervised machine learning cases boosted by quantum computation.

Public releases

CaixaBank

Country

Spain

Extract or Reference (2020)

"In 2020, CaixaBank developed the first machine learning algorithm to classify risks in Spanish banking leveraging quantum computing. In that case, CaixaBank combined quantum computing and conventional computing in different phases of the calculation process — to classify credit risk profiles. To do this, CaixaBank used a public data set corresponding to 1,000 artificial users, with a similar profile to existing customers, but with information configured specifically for the test."

URL

https://www.caixabank.com/comunicacion/noticia/caixabank-becomes-the-first-spanish-bank-to-develop-risk-classification-model-using-quantum-computing_en.html?id=42234

Itaú Unibanco

Country

Brazil

Extract or Reference (2022)

"QC Ware developed quantum machine learning algorithms that improve the accuracy of the models currently used to predict customer churn. During the collaboration the two teams developed novel methods that run on today’s classical computers and can already improve the prediction models, achieving a substantial increase in the previously tested customer retention model. Moreover, these algorithms will also run even faster on future quantum computers using the inherent ability of quantum computers to perform complex linear algebra tasks."

URL

https://thequantuminsider.com/2022/05/11/qc-ware-applies-quantum-computing-principles-to-increase-customer-retention-at-itau-unibanco/

Potential cases

BBVA

Country

Spain

URL (2020)

https://www.bbva.com/en/bbva-pursues-the-financial-sectors-quantum-advantage/

ABN Amro

Country

Netherlands

URL (2020)

https://www.risk.net/risk-management/7690086/dutch-banks-seek-quantum-edge-for-stress-tests

ING Group

Country

Netherlands

URL (2020)

https://www.risk.net/risk-management/7690086/dutch-banks-seek-quantum-edge-for-stress-tests

Rabobank

Country

Netherlands

URL (2020)

https://www.risk.net/risk-management/7690086/dutch-banks-seek-quantum-edge-for-stress-tests

Standard Chartered Bank

Country

United Kingdom

URL (2021)

https://www.sc.com/en/media/press-release/standard-chartered-and-universities-space-research-association-join-forces-on-quantum-computing/

JP Morgan Chase

Country

United States

URL (2021)

https://www.efinancialcareers.com/news/2021/10/quantum-machine-learning-banking

Goldman Sachs

Country

United States

URL (2021)

https://www.hpcwire.com/off-the-wire/goldman-sachs-qc-ware-and-ionq-demonstrate-quantum-algorithms/

Citigroup

Country

United States

URL (2021)

https://www.finextra.com/newsarticle/38928/citi-joins-25-million-round-in-quantum-pioneer-qc-ware

BNP Paribas

Country

France

URL (2021)

https://qubitreport.com/quantum-computing-business-and-industry/2021/06/09/french-firm-closes-10m-seed-round-to-bring-carbon-nanotubes-as-qubits-for-your-quantum-processor/

Crédit Agricole

Country

France

URL (2021)

https://www.ca-cib.com/pressroom/news/credit-agricole-cib-explores-quantum-computing-with-pasqal-and-multiverse-computing

HSBC

Country

United Kingdom

URL (2022)

https://newsroom.ibm.com/2022-03-29-HSBC-Working-with-IBM-to-Accelerate-Quantum-Computing-Readiness

Japanese Post Bank

Country

Japan

URL (2022)

https://www.globenewswire.com/news-release/2022/05/10/2439338/0/en/In-depth-Status-and-Review-of-Quantum-Computing-Markets-Today-2022-Report-Bank-Data-Is-Already-Exposed-to-Quantum-Computing-and-Early-Quantum-Adopters-Can-Gain-Significant-First-Mo.html

Wells Fargo

Country

United States

URL (2022)

https://www.cio.com/article/400745/wells-fargo-prepares-to-take-a-quantum-leap.html

Barclays

Country

United Kingdom

URL (2022)

https://www.risk.net/technology/7934366/barclays-and-others-strive-for-machine-learning-at-quantum-speed

Bank of Canada

Country

Canada

URL (2022)

https://financialpost.com/fp-finance/cryptocurrency/bank-of-canada-taps-quantum-computing-startup-to-tackle-complex-financial-problems

Kutxabank

Spain

Canada

URL (2022)

https://www.negocios.com/kutxabank-desarrolla-un-modelo-que-aplica-la-computacion-cuantica-en-sus-estrategias-de-inversion/