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May 1, 2020

Business Insider: Singapore Management University, Tradeteq experiment with quantum computing-based credit scoring

The university, which leads innovative research programs, and Tradeteq, a provider of data, technology and software for the trade finance industry, have partnered on a project exploring the advantages of a quantum system for machine learning applied to credit scoring for companies, per a press release.

The model will be implemented on both a quantum computer and through software that simulates quantum computing. SMU's School of Information Systems will provide the testbed and laboratory for experimentation where Tradeteq will be able to test and improve its AI capabilities, which are already in use to provide accurate and up-to-date credit scores to small- and medium-sized businesses (SMBs). The project is supported by the Monetary Authority of Singapore (MAS) under the Financial Sector Technology & Innovation AI and Data Analytics (AIDA) Grant Scheme.

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