en.Wedoany.com Reported - Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) and neutral atom quantum computing company Pasqal have announced a strategic partnership aimed at accelerating the industrial deployment of quantum research into capital markets operations. Since the collaboration began in 2019, the two parties have carried out several major projects starting in 2021, focusing on counterparty credit default risk measurement and portfolio optimization. The results show that, under specific conditions and use cases, quantum algorithms outperform classical methods in capital markets and risk management, providing a business case for subsequent production deployment.
The next phase of the partnership will focus on monitoring capital reserve consumption linked to risk-weighted assets, with a clear roadmap targeting the initial production use case as early as 2028. The roadmap covers three directions: deploying quantum-inspired algorithms on existing IT infrastructure to achieve immediate performance improvements without relying on quantum hardware; conducting operational tests on Pasqal's neutral atom quantum computer to verify performance under real-world operating conditions; and integrating classical and quantum computing resources to solve complex problems that current systems struggle to handle.
To advance this industrialization, Crédit Agricole CIB is building its quantum ecosystem around three pillars: business teams trained in quantum technology, strategic coordinators responsible for monitoring, and project managers ensuring production deployment, with access support to the Pasqal platform (simulators and physical machines).
Pierre-Olivier Pagnon, Chief Information Officer of Crédit Agricole CIB, stated that quantum computing has the potential to become one of the most transformative technological breakthroughs of the next decade, and this partnership marks a shift from exploration to an industrialization logic, with the goal of integrating quantum computing into some daily operational processes by 2028, offering clients unprecedented performance and precision in portfolio optimization, fully aligned with the bank's technology innovation strategy and its determination to maintain leadership in capital markets. Wasiq Bokhari, CEO of Pasqal, said that through long-term collaboration with the bank, the company is combining neutral atom quantum technology with real financial use cases to build a clear path for production-grade deployment, and these solutions will redefine optimization and decision-making in capital markets.
