Wednesday, Nov 25, 2020
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Fujitsu, BBVA collaborate to explore investment portfolios

Fujitsu BBVA
The IT firm seeks to determine whether Digital Annealer solution could exceed performance of traditional computing techniques in asset portfolio optimisation

Fujitsu is collaborating with Spain’s second largest bank BBVA on a proof of concept of its quantum-inspired optimisation solution Digital Annealer. The IT firm seeks to determine whether Digital Annealer solution could exceed performance of traditional computing techniques in asset portfolio optimisation.

It appears that financial institutions find it challenging to regularly optimise asset portfolios. For that reason, portfolio optimisation has remained a manual task guided more frequently by guesswork than empirical data. That said, Fujitsu’s Digital Annealer has been developed to process complex combinatorial problem in a span of few minutes. 

Carlos Kuchkovky, BBVA Global Head of Research and Patents, said in a statement, “The quantum technologies ecosystem is evolving very quickly and we believe that the collaboration with various partners, public and private alike, is key in order to translate the benefits of the technology into tangible progress, for the banking sector and for society at large. Although this technology is still in an early stage of development, its potential to impact the sector is already a reality. Our research is helping us identify the areas where quantum computing could represent a greater competitive advantage, once the tools have sufficiently matured. At BBVA, we believe that quantum technology will be key to solving some of the major challenges facing society this decade. Addressing these challenges dovetails with BBVA’s strategic priorities, such as fostering the more efficient use of increasingly greater volumes of data for better decision-making as well as supporting the transition to a more sustainable future.”

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