#WealthManagement / BBVA trials quantum computing to optimise investment portfolio management

BBVA began its quantum journey almost two years ago and now has a team specialised in quantum development, business units involved in the initiative, strategic alliances agreed, and various lines of research in place.

The bank is working with different technology partners on a host of projects – including credit scoring, currency arbitrage and derivatives valuations – involving the technology.

In a scientific paper, it has now laid out the findings of its work with Multiverse to take on a classic problem in finance: defining the optimal path when configuring portfolios dynamically… The idea was to determine the optimal trading path for an investment portfolio consisting of 52 assets, using actual market price data corresponding with an eight year timeframe. Processing this amount of data would have taken a normal computer using conventional algorithms about two days but using quantum algos cut this to seconds.