Fujitsu collaborates with Commerzbank on securitisation project
Fujitsu has successfully concluded a loan portfolio management proof of concept (PoC) with Commerzbank’s R&D unit, main incubator GmbH1, which showed a faster and more efficient optimisation process, reports Jane Connolly.
Leveraging the Fujitsu quantum computing-inspired Digital Annealer, the project focused on receivables from vehicle leasing contracts, which car manufacturers sell to investors to optimise their own liquidity management.
Given the many critical factors that must be considered when optimising selection for a securitisation portfolio, classical processors take an extremely long time to compute this. True quantum computers will be capable of finding instant results, but they will not be commercially viable for many years.
The Fujitsu Digital Annealer provides simultaneous calculation of combinatorial optimisation challenges by leveraging quantum characteristics in a digital architecture, making the PoC possible for main incubator in a business context.
“As the research and development unit of the Commerzbank Group, we selected the Fujitsu Digital Annealer as it allowed us to test whether the current state of this technology is suitable for banking purposes, examined on securitisation optimisation,” says Augustin Danciu, technology expert at main incubator.
He adds: “We moved quickly with Fujitsu to establish a proof of concept and within the first month, achieved very exciting results, which our customers can ultimately benefit from. The benefits provided by the Digital Annealer are very promising.”
William Petersmann, vice president, head of financial services at Fujitsu Central Europe, states that their work shows there is no longer any need to wait for commercial viability of true quantum computers for this purpose.
“The proof of concept demonstrates that extremely beneficial business outcomes are both practical and rapidly achievable for organisations, like main incubator, with the ability to identify and grasp new optimisation opportunities,” he says.
The Digitial Annealer is available as-a-service on a subscription basis and can be delivered via the cloud or as an on-premises service offering.