D-Wave partners with Nasdaq Verafin to develop quantum-hybrid tools for financial crime detection

D-Wave Quantum reached an agreement with Nasdaq Verafin to evaluate quantum computing to improve financial crime detection.

• Work starts with a proof-of-concept, with potential expansion to pilot applications for anti-financial crime use cases.
• The project will test quantum-hybrid machine-learning approaches to flag unusual behavior tied to fraud, scams and money laundering.
• Nasdaq Verafin will explore D-Wave’s annealing systems to map complex links across transactions, accounts and counterparty networks.
• The initial proof-of-concept will analyze hundreds of data signals to strengthen models for detecting unusual account behavior.