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Quantum Computing in Finance: The Intesa Sanpaolo Experience

Year: 2024

Type: article

Abstract: Quantum Computing (QC) promises to revolutionize the computing domain with its ability to outperform classical computing in various applications. This article explores the potential of QC and its impact on the financial industry, among other domains. It focuses on the Quantum Competence Center at Intesa Sanpaolo, the largest bank in Italy. The Quantum Competence Center aims at leveraging quantum technologies to drive innovation and enhance banking and financial services. This article discusses the establishment of this corporate entity, its objectives, collaborations with academic institutions and quantum providers, workforce development initiatives, future perspectives, and the challenge of integrating quantum computing into the bank's operational workflow.

Source: IEEE Engineering Management Review

DOI: 10.1109/emr.2024.3373796

Authors: Rafael Sotelo, Davide Corbelletto, Emanuele Dri, Edoardo Giusto, Bartolomeo Montrucchio

Institutions: Universidad de Montevideo, Intesa Sanpaolo (Italy), Politecnico di Torino, University of Naples Federico II

Language: English

Topic: Quantum Computing Algorithms and Architecture

Subfield: Artificial Intelligence

Field: Computer Science

Domain: Physical Sciences

Open Access status: hybrid

Estimated APC paid: $2,495

OpenAlex ID: W4392523589