Turkey’s important banks Yapı Kredi, As far as we have learned today, it started to use quantum calculation in risk management analysis.
The official statement made by Yapı Kredi on this subject was as follows: “Yapı Kredi is using quantum calculation technology in risk management analysis. The Bank has implemented a model that can estimate the impact of the financial difficulties experienced by any of its legal customers on its commercial relationship with its quantum calculation. In this way, the quantum scenario, which includes 4,297 legal customers and 17,000 constraints, can analyze complex financial relations that will be solved with today’s processor and computer architecture within seconds with quantum computers. It is aimed to expand the model in the coming period to cover 600,000 legal customers. “
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Stating that they have signed an important first in the field of finance and banking, Yapı Kredi Assistant General Manager/Yapı Kredi Technology General Manager. Gökhan Özdinç said: “As Yapı Kredi, we aimed to determine which other customers will affect the financial difficulties experienced by any of our customers in the relationship between our quantum project. In the literature research in the fields of finance and data science, we found that even in a small commercial relationship network of up to 20-30 with classical processors and computer architecture, we have seen for more than 13 billion years to determine this effect.
We have dealt with this financial problem that has taken years to solve with today’s processor and computer architecture to solve this financial problem on the quantum processor computers to which the Canadian company Dwave is the manufacturer of Dwave, which covers our 4.297 legal customers. With the application we developed on the latest quantum processor architecture, we were able to identify customers to be affected in the entire commercial relationship network in 7 seconds. Thanks to this project, our customers will be able to learn possible financial risks in advance and will continue their commercial activities more safely and build their jobs on more solid foundations.
At the same time, we believe that we will contribute to the preservation of economic stability and the ecosystem of the ecosystem, which are the backbone of our economy, by preventing the domino effect that can be created by financial fluctuations. As Yapı Kredi, we will continue to add value to the national economy with such projects that push the limits of technology and to realize the latest technologies in order to meet our customers with a stronger financial structure. ”