Fujitsu has released the details of a ground-breaking proof of concept (PoC) project with NatWest for its quantum-inspired Digital Annealer technology. Fujitsu is helping the bank solve some of its most complex, challenging and time-consuming financial investment problems by optimizing its mix of high-quality liquid assets including bonds, cash and government securities.
Financial institutions like NatWest face the continual challenge of creating and maintaining an optimally balanced portfolio of assets, selected from many thousands of options. The Fujitsu Digital Annealer processes this type of complex scenario and provides results orders of magnitude faster than today’s traditional computers. NatWest is now implementing quantum-inspired computing power, which has enabled its technology team to complete highly-complex calculations at 3001 times the speed of a traditional computer, with an even higher degree of accuracy. In addition to performance improvements, the use of Fujitsu’s Digital Annealer also reduces the risk of human error.
Joseph Reger, Fujitsu Fellow and CTO EMEIA at Fujitsu, comments: “We designed the Digital Annealer to solve real-world combinatorial optimization problems that all industries are encountering. While quantum computing is still in its infancy, we’ve taken inspiration from its approach to offer our customers access to digital annealing, which is an advanced and powerful acceleration technology available today. Consequently, Fujitsu’s Digital Annealer can solve laborious, complex problems in just a short time. What’s more, this is just the beginning – there really is no limit to the scenarios that can be examined by digital annealing.”
Availability:
The Fujitsu Digital Annealer includes software developed in collaboration with 1QBit, a leading vendor of software for quantum and quantum-inspired computing. The solution is now available as a cloud service.
