Multiverse Computing and Moody’s Analytics announced the launch the QFStudio platform, described as an easy-to-use Software as a Service (SaaS) platform that provides a marketplace for quantum-based solutions. Moody’s Analytics risk experts will provide quantum solutions for machine learning, optimization and pricing, and simulation problems via SaaS.
The team leading this joint initiative will work with key Moody’s clients and Multiverse Computing’s software to develop and test quantum and quantum-inspired solutions for specific use cases. The SaaS platform features benchmarking capabilities that allow for a comparison of classical solutions and their quantum equivalents, specifically for high-impact use cases within the finance sector.
It provides both web and API access to algorithmic solutions, making it easy to integrate within existing production environments. Also, if a quantum solver shows better performance, a user can run that algorithm from the QFStudio platform.
Moody’s brings domain knowledge, a network of finance business developers, and tier-1 financial institutions as clients, while Multiverse will provide more than 80 quantum software experts, its Singularity quantum software, and agreements with all the major quantum computing hardware companies.
In a statement, Enrique Lizaso Olmos, CEO of Multiverse Computing, described this new initiative as validation of the value that quantum computing brings to finance and other industries: “Moody’s understands the importance of building quantum expertise and relevant use cases now, not waiting for some indefinite point in the future,” he said. “We anticipate that this quantum benchmarking SaaS platform will enable future operational improvements for Moody’s customers and we look forward to developing new quantum and quantum-inspired solutions.”
Sergio Gago, Moody’s managing director for Quantum and GenAI, said in a statement that the new venture combines Multiverse’s quantum software expertise with Moody’s quantitative analysis, models, and data sets: “By working together to research quantum’s possibilities, we increase our ability to solve complex problems faster and deliver them to the market in a seamless ‘plug and play’ way, so that every financial institution can leverage the power of quantum.”
Moody‘s sees strategic collaborations as critical to success in this space, particularly with hardware and algorithm providers, and anticipates announcements regarding additional quantum projects.