888-384-7144 info@insidequantumtechnology.com

Commerzbank Says Loan Portfolio PoC with Fujitsu’s Digital Annealer Proves ‘Very Promising’

By IQT News posted 30 Aug 2019

(FinExtra.com) Fujitsu has announced the successful conclusion of a loan portfolio management Proof of Concept (PoC) with Commerzbank’s research and development unit, main incubator GmbH1, leveraging the Fujitsu quantum computing-inspired Digital Annealer.
Augustin Danciu, Technology Expert at main incubator, says: “As the research and development unit of the Commerzbank Group, we selected the Fujitsu Digital Annealer as it allowed us to test whether the current state of this technology is suitable for banking purposes, examined on securitisation optimisation. We moved quickly with Fujitsu to establish a Proof of Concept, and within the first month, achieved very exciting results, which our customers can ultimately benefit from. The benefits provided by the Digital Annealer are very promising.”
Focusing on receivables from vehicle leasing contracts, the PoC optimized the selection process for a loan portfolio. The PoC focused on the selection optimisation of several thousand vehicle leasing assets for a securitisation portfolio. The Fujitsu Digital Annealer provides simultaneous calculation of combinatorial optimisation challenges by leveraging quantum characteristics in a digital architecture2, making the PoC possible for main incubator in a business context.

Subscribe to Our Email Newsletter

Stay up-to-date on all the latest news from the Quantum Technology industry and receive information and offers from third party vendors.