Financial Modeling Using Quantum Computing: Design and manage quantum machine learning solutions for financial analysis

Elevate your problem-solving prowess by using cutting-edge quantum machine learning algorithms in the financial domain

Purchase of the print or Kindle book includes a free PDF eBook
Key Features

Learn to solve financial analysis problems by harnessing quantum power
Unlock the benefits of quantum machine learning and its potential to solve problems
Train QML to solve portfolio optimization and risk analytics problems

Book Description

Quantum computing has the potential to revolutionize the computing paradigm. By integrating quantum algorithms with artificial intelligence and machine learning, we can harness the power of qubits to deliver comprehensive and optimized solutions for intricate financial problems.

This book offers step-by-step guidance on using various quantum algorithm frameworks within a Python environment, enabling you to tackle business challenges in finance. With the use of contrasting solutions from well-known Python libraries with quantum algorithms, you'll discover the advantages of the quantum approach. Focusing on clarity, the authors expertly present complex quantum algorithms in a straightforward, yet comprehensive way. Throughout the book, you'll become adept at working with simple programs illustrating quantum computing principles. Gradually, you'll progress to more sophisticated programs and algorithms that harness the full power of quantum computing.

By the end of this book, you'll be able to design, implement and run your own quantum computing programs to turbocharge your financial modelling.
What you will learn

Examine quantum computing frameworks, models, and techniques
Get to grips with QC's impact on financial modelling and simulations
Utilize Qiskit and Pennylane for financial analyses
Employ renowned NISQ algorithms in model building
Discover best practices for QML algorithm
Solve data mining issues with QML algorithms

Who this book is for

This book is for financial practitioners, quantitative analysts, or developers; looking to bring the power of quantum computing to their organizations. This is an essential resource written for finance professionals, who want to harness the power of quantum computers for solving real-world financial problems. A basic understanding of Python, calculus, linear algebra, and quantum computing is a prerequisite.
Table of Contents

Quantum Computing Paradigm
Quantum Machine Learning Algorithms
Quantum Finance Landscape
Derivatives Valuation
Portfolio Valuations
Credit Risk Analytics
Implementation in Quantum Clouds
HPCs and Simulators Relevance
NISQ Quantum Hardware Evolution
Quantum Roadmap for Banks and Fintechs