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.
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.