Multiverse Computing has announced a partnership with the leading trapped-ion quantum computing company – IonQ. the partnership will oversee the use of IonQ’s Quantum Cloud platform within Singularity, Multiverse’s financial solution to model and simulate risk more accurately for financial services organizations.
IonQ is a US-based quantum computing hardware and software company that offers the world’s most advanced quantum computing architecture. Multiverse Computing is a Spain-based quantum startup with a focus in offering world-class financial services to organizations.
The consolidation of these two will enable financial institutions to model real-life financial problems such as Fair Price calculations, portfolio creation and optimization, ETF replication, risk valuation, etc with a high speed and accuracy that originally seemed impossible.
The integration will enable users to model problems directly within the Singularity spreadsheet using IonQ’s quantum computing hardware without the need for any technical experience. This will increase the accessibility of quantum computing for financial professionals and allow inexperienced users to solve financial problems more easily while unleashing the power of quantum computing.
“We are excited to announce IonQ as a preferred quantum compute partner for our Singularity platform,”
Enrique Lizaso Olmos, CEO of Multiverse Computing.
“Together, our two platforms will allow us to develop joint solutions to interesting, real-life problems in finance. Singularity will put the power of cutting-edge quantum computing in the hands of financial professionals quickly and easily, without the need for them to learn quantum mechanics. Contrary to conventional wisdom that beneficial applications are years away, quantum computing in finance is here, and it means ‘business.’”
Enrique Lizaso Olmos, CEO of Multiverse Computing.
“Financial simulations are central to the global economy, and spreadsheets are the de facto tool for these analyses,”
Peter Chapman, CEO of IonQ
“This integration with Multiverse brings the world’s most powerful quantum hardware to the native application for finance professionals so that they don’t need to be technical to leverage our computers. It is an important early step towards bringing quantum computing into everyday workflows.”
Peter Chapman, CEO of IonQ
Quantum computing application in the financial industry is accelerating rapidly and with more promising potential. The collaboration between IonQ and Multiverse Computing to help their clients address critical financial problems using quantum solutions is a major milestone and a step towards a quantum innovative financial sector.
