Nomura Wants a Quantum Leap
Japanese banking giant Nomura is turning to quantum computing in its quest to upgrade the group's technological capabilities. It has signed up a university professor to help it on its way.
Nomura teamed up with Masayuki Ozeki, a professor at Tohoku University, to examine if quantum computing can be applied in the process of optimization of asset management, according to a statement from the bank.
In April of 2017, the Tokyo-based investment bank established N-Village, a subsidiary charged with the development of new business models. The bank also established a fund to provide financial support to fintech start-ups.
Growing Influence
J.P. Morgan and Barclays Bank began exploring the potential of quantum computing in December 2017, taking advantage of the commercialization of quantum technology.
Together with IBM, the two banks are applying the technology to trading strategies, portfolio optimization, asset pricing, and risk analysis. Also last year, the Commonwealth Bank of Australia began working with QxBranch, a quantum computing and data analytics software company.
