Quantum computing developer D-Wave Quantum Inc. (NASDAQ: QBTS) has signed an agreement with Nasdaq Verafin—the financial crime management technology unit of Nasdaq—to evaluate the use of quantum-hybrid computing in combating financial crime. The collaboration focuses on leveraging D-Wave’s quantum annealing systems and hybrid machine learning workflows to enhance predictive modeling for anti-money laundering (AML), fraud detection, and scam prevention across banking and capital markets infrastructure. The partnership will begin with a proof-of-concept (PoC) project designed to evaluate how quantum-hybrid algorithms analyze complex, non-linear data relationships. Nasdaq Verafin will utilize D-Wave’s quantum annealing hardware via the Leap™ quantum cloud service to examine [...]

D-Wave Quantum is testing its 100,000-qubit system with Nasdaq's Verafin unit to detect financial crimes, with implications for crypto

D-Wave and Nasdaq Verafin are exploring quantum computing for financial crime detection through a proof-of-concept focused on fraud and transaction analysis.