Global Digital Business, IT Services Leader Employs Classiq Quantum Algorithm Design Platform
Classiq, which provides a breakthrough Quantum Algorithm Design platform, announced that it is working with NTT DATA to implement novel credit risk analysis algorithms using quantum computers. Credit risk analysis exists to determine the creditworthiness of borrowers or vendors to quantify and limit the risk of loss to the lender.
“NTT DATA is looking forward to collaborating with Classiq”
“NTT DATA is looking forward to collaborating with Classiq,” said Shunichi Amemiya, Head of Research and Development HQ, NTT DATA. “We are interested in applying quantum computer technology to financial engineering and believe that the need to compute complex business models will increase in the future. Classiq’s platform enables us to effectively generate and run quantum algorithms for the issues in applying to our supposed use case.”
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Classiq’s unique platform will enable NTT DATA to capture, synthesize, analyze and optimize quantum algorithms that scale. This will allow NTT DATA, a global digital business, and IT services leader, to implement novel credit risk analysis algorithms in a way that is hardware-independent and not limited by historical approaches to creating quantum algorithms.
“Sophisticated algorithms typically require a greater number of qubits,” said Nir Minerbi, CEO, Classiq. “The Classiq Quantum Algorithm Design platform is the best way to generate intricate quantum circuits with ease without resorting to the process of manual, tedious gate-level programming.”
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