Finextra: Singapore central bank backs Tradeteq quantum credit scoring project

The exploratory research, undertaken in collaboration with Singapore Management University (SMU), is supported by the Monetary Authority of Singapore under the Financial Sector Technology & Innovation (FSTI) - Artificial Intelligence and Data Analytics (AIDA) Grant Scheme.SMU and Tradeteq’s objective is to build a predictive machine learning model which has the potential to improve credit scoring accuracy. The model will be implemented on both a quantum computer and a simulated quantum computer.Tradeteq currently uses AI to provide accurate and up-to-date credit scores to SMEs who would not normally be able to access financing. The research will assess the use of quantum neural network algorithms to enable quicker credit assessment, taking into account growing volume and variety of data that flows in Tradeteq systems.

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