Using quantum computers in financial risk analysis Stefan Woerner, global leader quantum finance and optimization at IBM Research – Zurich, talks to Tonya Hall about quantum computing and how models must be specifically tuned for quantum computers. Aging technology at many large financial institutions has become a significant barrier to success in what is becoming an increasingly digital business environment, according to global consulting firm Protiviti.Established firms, burdened with obsolete core systems, are struggling to compete with newer, “born digital” companies whose IT infrastructure is designed to support speed and innovation. Special feature From Cloud to Edge: The Next IT Transformation The combination of 5G and edge computing will unleash new capabilities from real-time analytics to automation to self-driving cars and trucks. Read More “In many cases, core banking technology in major U.S. banks is decades old, exposing organizations to a variety of risks and, probably more importantly, preventing them from responding effectively to the demands of today’s increasingly digital marketplace,” said Ed Page, managing director and financial services industry technology consulting practice leader.Legacy modernization is like urban renewal, Page said. “It demands careful planning, frequent detours, temporary scaffolding, and patience, a lot of patience,” he said.Protiviti has identified five “styles” of modernization; each… Read full this story
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