DataHour: Quantum Computing in Financial Industry

DataHour: Quantum Computing in Financial Industry

03 Jan 202313:01pm - 03 Jan 202314:01pm

DataHour: Quantum Computing in Financial Industry

About the Event

Financial services industry has been the early adopters of technological advances and sophisticated models such as Black Scholes-Merton model for pricing financial instruments. With the advancement of technological challenges and increase in data, classical computing is not able to achieve performance. Applying emerging quantum technology to financial problems is the solution of the future especially when dealing with uncertain events, constraints optimization, frauds etc. Its Benefits include greater compliance, employing behavioral models to enhance customer engagement and faster reaction to market volatility. The solution medium of quantum computing is orders of magnitude larger than traditional computers, even immensely powerful ones. Hence, multiplying the power of classical computers requires about double the number of transistors which are engaged in solving the problem. The power of a quantum computer can be approximately doubled each time one qubit is added.

In this DataHour, Saurabh will provide an overview of applications of quantum computing for Financial Institutions.

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Who is this DataHour for?

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  2. Best articles get published on Analytics Vidhya’s Blog Space
  3. Best articles get published on Analytics Vidhya’s Blog Space

About the Speaker

Saurabh Pramanick

Saurabh Pramanick

Vice President, Leading Investment Bank

Saurabh Pramanick is a Data Scientist and Vice President at a Leading Investment Bank, specializing in Data Analytics, Fraud Analytics, and Data Governance. With over 12 years of experience, he has led successful initiatives in implementing Data Lake, Data Science, and Data Governance, resulting in impressive fraud reduction and improved data quality. He has a strong track record in regulatory reporting and holds various certifications in Data Management and Cloud Computing. Saurabh is pursuing a Ph.D. in Computer Science Engineering.

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