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VOL. 10, ISSUE 2 (2025)
Quantum Computing: A Paradigm Shift in Problem Solving and Optimization in Finance Sector
Authors
Deblina Chakravarty, Megha Shree R, Kartik Mittal, Kritika Nahata, Dhina Karthick
Abstract
Quantum computing is rapidly advancing, with the potential to
fundamentally change the world of technology and business. This paper embarks
on an exploration of the quantum realm, starting with its core principles and examining
how it might influence finance industry by introducing new methods for business
software development. It provides a detailed analysis of recent progress in
quantum finance, considering multiple viewpoints of 50 respondents collected
using various data collection methods and the findings emphasizes on the
important applications such as portfolio optimization, fraud detection, and the
deployment of Monte Carlo techniques for pricing derivatives and assessing risks.
Moreover, it delves into the impact of quantum computing on block chain
technology, a foundational element in the fin tech sector. The insights
presented here illustrates the substantial potential of quantum computing to reshape
the financial industry by enabling faster processing speeds, enhanced
communication, strengthened security, the creation of innovative financial
products, solutions to intricate problems, and improved decision-making
accuracy. The financial areas most likely to undergo transformation include
portfolio management, risk assessment, derivatives pricing, high-frequency trading,
block chain technology, crypto currencies, and AI-driven tasks such as fraud
prevention and credit evaluation.
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Pages:50-57
How to cite this article:
Deblina Chakravarty, Megha Shree R, Kartik Mittal, Kritika Nahata, Dhina Karthick "Quantum Computing: A Paradigm Shift in Problem Solving and Optimization in Finance Sector". International Journal of Academic Research and Development, Vol 10, Issue 2, 2025, Pages 50-57
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