Another example of application of Quantum Computing in the Finance world. The focus of this POC by BBVA and Multiverse (a Spanish startup) is a classical use case: investment portfolio optimisation. Results are promising.
In a scientific paper, it has now laid out the findings of its work with Multiverse to take on a classic problem in finance: defining the optimal path when configuring portfolios dynamically. In the PoC researchers attempted to solve the problem with a combination of quantum technology platform, inspired by quantum computing and traditional techniques. They concluded that quantum computing-based tools and quantum-inspired algorithms could already perform the task more efficiently than traditional methods.
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