Fujitsu Quantum–Inspired Digital Annealer Delivers Securitization Optimization for main incubator
Optimizing asset-backed securities
Receivables from leasing contracts are sold to investors by car manufacturers in order to optimize their own liquidity management. They are traded by banks, for example, as tradable securities, with bundles categorized by risk profile and other factors. The Digital Annealer optimized the bundling of receivables, giving customers the ability to fully leverage the potential of securities issued by them.
The PoC focused on the selection optimization of several thousand vehicle leasing assets for a securitization portfolio. Critical factors taken into simultaneous consideration included regulatory requirements, absolute volume limits and percentage limits for specific asset characteristics needed to achieve greater risk diversification.
The resulting highly-complex combinatorial optimization problem would require extremely long compute times utilizing classical processors. In the future, true quantum computers will be capable of processing all combinations simultaneously to find instant results, but are still many years away from commercial viability. The Fujitsu Digital Annealer provides simultaneous calculation of combinatorial optimization challenges by leveraging quantum characteristics in a digital architecture2
, making the PoC possible for main incubator in a business context.
Augustin Danciu, Technology Expert at main incubator, says: “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 securitization optimization. We first encountered the Digital Annealer at Fujitsu’s annual flagship technology conference Fujitsu Forum, where we were investigating future technologies. 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.”
Wilhelm Petersmann, Vice President, Head of Financial Services, at Fujitsu Central Europe, comments: “The Fujitsu Digital Annealer helps revolutionize business planning by opening up new possibilities for optimizing existing processes. Our work with main incubator is the latest proof that there is no longer any need to wait for commercial viability of true quantum computers to deliver instant solutions to complex combinatorial optimization computations. The Proof of Concept demonstrates that extremely beneficial business outcomes are both practical and rapidly achievable for organizations, like main incubator, with the ability to identify and grasp new optimization opportunities.”
Pricing and availability
The Fujitsu Digital Annealer is available as-a-service on a subscription basis, including technical and consulting services, support and optional additional consultancy for solution development. It can be delivered via the cloud or as an on-premises service offering.
Notes to editors
1Main Incubator GmbH
is a wholly-owned subsidiary of Commerzbank. The company is headquartered in Frankfurt am Main. As the research and development unit of the Commerzbank Group, main incubator deals with future topics and emerging technologies such as quantum computing, blockchain, big data, machine learning, artificial intelligence, biometrics, robotics, virtual reality, cloud, open API, wearables and IoT. Through strategic investments in tech-driven start-ups main incubator participates in innovations and makes them available for Commerzbank and its customers.
For a full description of the use of the Digital Annealer in financial services, see: https://www.fujitsu.com/global/digitalannealer/pdf/wp-da-financialsector-ww-en.pdf
About Fujitsu South Africa
The evolving nature of every business means changes, enhancements and upgrades to its data center infrastructure. Businesses are finding data center upgrades to be not only disruptive but also costly. There is a constant need to re-train and re-skill data center staff in order to effectively manage applications whilst ensuring data availability, security and energy consumption optimization. Not to mention maintaining compliance and service level agreements.
Fujitsu South Africa’s approach to Servers, Mainframes, Storage and Integrated Systems offers the flexibility to tailor data center technologies to our customer’s specific requirements. We provide the benefits of secure, robust, future-proofed technologies from a single source supported by a unique, consultative approach. This ensures you get exactly what your organisation demands bringing true business value to companies. http://www.fujitsu.com/za/
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 132,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.0 trillion yen (US $36 billion) for the fiscal year ended March 31, 2019. For more information, please see www.fujitsu.com.
About Fujitsu EMEIA
In Europe, the Middle East, India and Africa, Fujitsu works with a growing ecosystem of partners, customers and local communities to create a ‘Human Centric Intelligent Society’ that is inclusive, sustainable and trusted. Our 28,000-strong workforce develops leading-edge digital solutions that address global business and societal challenges while also generating value for customers, helping accelerate their transformational journeys by harnessing the power of co-creation through our unique Human Centric Experience Design (HXD) methodology. For more information, please visit http://www.fujitsu.com/fts/about/.
All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 29 August, 2019