IBS Intelligence: Tradeteq unveils Singapore quantum computing project

Singapore Management University (SMU) and Tradeteq are embarking on a project “Exploring the Advantages of a Quantum System for Machine Learning applied to Credit Scoring”, which aims to develop quantum computing-based credit scoring methods for companies. This project is supported by the Monetary Authority of Singapore under the Financial Sector Technology & Innovation (FSTI) – Artificial Intelligence and Data Analytics (AIDA) Grant Scheme.
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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. Quantum computing enables the processing of multiple pieces of data at the same time by using the unknown quantum state of very small particles, rather than the classical use of transistors, as the basis of computing. This may sometimes lead to far quicker processing times over standard classical machines.

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