Integration enables unprecedented risk modeling for complex financial analysis

Multiverse Computing today announced a partnership with IonQ, the leader in trapped-ion quantum computing, which will enable financial services organizations to model risk more accurately and quickly than ever before using the IonQ Quantum Cloud platform within Singularity^®, Multiverse’s financial solution.

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“We are excited to announce IonQ as a preferred quantum compute partner for our Singularity platform”

The partnership combines IonQ, offering the world’s most advanced quantum hardware architecture, with the simplicity and ease-of-use that Multiverse Computing customers have come to rely upon for complex financial modeling. Using this integrated system, financial institutions can model real-life financial problems such as Fair Price calculations, portfolio creation and optimization, ETF replication, risk valuation, and many other simulations with unprecedented speed and accuracy.

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Singularity already allows analysts and other users to model problems directly within spreadsheets and other familiar tools. With the new integration, financial institutions can now take advantage of IonQ’s industry-leading hardware without ever writing a line of code — allowing them to leverage the power of quantum computing in everyday financial simulations.

The integration will dramatically increase the accessibility of quantum computing for financial professionals, including those without technical backgrounds or understanding of how quantum computers operate.

“We are excited to announce IonQ as a preferred quantum compute partner for our Singularity platform,” said Enrique Lizaso, CEO of Multiverse Computing. “Together, our two platforms will allow us to develop joint solutions to interesting, real-life problems in finance. Singularity will put the power of cutting-edge quantum computing in the hands of financial professionals quickly and easily, without the need for them to learn quantum mechanics. Contrary to conventional wisdom that beneficial applications are years away, quantum computing in finance is here, and it means ‘business.’”

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