About the course
What is quantum computing and how does it work? What makes quantum computing a valuable asset in the financial industry?
Our expert, Simon Fried, will walk you through the topic of quantum computing, including its relevance and the organisations utilising it. You will learn about the companies implementing quantum computing in financial services, the various applications being studied, and the future of quantum computing, including the challenges that need to be overcome and the potential for new breakthroughs.
Join us on this short course to gain the knowledge in quantum computing and learn when will these applications finally be matured in the financial services sector.
Difficulty: Foundation
Duration: 30mins
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With this online course, you will:
- Understanding the basics of quantum computing and how it differs from classical computing
- Learning the specific applications of quantum computing in financial services
- Examining the need to be ready for the development of quantum computing in finance to avoid missing out on a competitive advantage
- Discussing the awareness of the current state of quantum computing technology and the different approaches used to build a quantum computer
Skills
Quantum Computing
Technology
Quantum Algorithm
Fintech
Programme
The expert you’ll be learning from
Simon Fried
VP of Business Development and Marketing at Classiq
Simon Fried is VP of Business Development and Marketing at Classiq and has worked in deep-tech start-ups for over a decade, bringing advanced electronics and circuit technologies to market. With a background in strategy consulting and an academic stint in the area of risk and decision-making, he’s thrilled to be enabling leading companies on their quantum journey by delivering Classiq’s high-level quantum software development platform.
Course Content
Quantum computing is a new approach to computation that offers the potential to solve problems that are either very difficult or impossible to solve using traditional computers. This type of computing uses quantum algorithms and quantum mathematics, which rely on the concept of qubits rather than traditional bits. Financial services industry is one of the most active sectors in adopting quantum computing technology. Large banks, including JP Morgan, Goldman Sachs, HSBC, etc., have been investing in building their quantum computing capabilities for the past few years and the trend is increasing. This is why banks do not want to miss the wave of competitive advantage that quantum computing offers.
The applications of quantum computing in the finance sector include proofs of concept for portfolio optimization, option pricing, cybersecurity, financial modeling, and credit risk analysis. The majority of calculations performed by banks can benefit from a quantum approach, or a hybrid approach combining classical and quantum computing. Banks may start with simulators and progress to using quantum computers over the cloud. These applications have the potential to impact the bottom line of the bank positively and provide a significant advantage over traditional classical computing approaches.
Financial services is expected to be among the first sectors to benefit from the active use of cloud computing. The exact timeline for quantum computing to be ready for widespread adoption in the finance sector is unknown and depends on the complexity of the calculations and the size of the data set involved. Banks are pursuing different approaches and using different hardware to explore the potential of quantum computing.
Quantum computing holds great promise for the financial services industry, as even a small improvement in calculations can positively impact the bottom line. The financial services community has the potential to benefit from quantum computing earlier than other industries due to the frequent transactions performed. The exact timeline for widespread adoption of quantum computing in finance is unknown, but banks are actively exploring its potential to stay ahead of the curve.
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