Industry-level Quantum-Enhanced Machine Learning using simulators is ready to production and with tangible, clear and robust advantages.
I am pleased to announce the publication of our preprint on the arXiv platform, which elucidates the application of Falcondale's innovative Quantum-Enhanced Machine Learning (QuEML) solution, the Systemic Quantum Score (SQS), in a real-world business context through our collaboration with Fintonic. This work underscores the robustness of our SQS, demonstrating its superior performance over a hyperparameter-optimized XGBoost model by an impressive 17 AUC percentage points in a constrained dataset scenario. Notably, the efficacy of SQS consistently surpasses that of its classical counterparts as the dataset expands to encompass up to 5000 datapoints.
Within the paper, we delineate the methodologies employed and provide an in-depth examination of the business case involving Fintonic, thereby shedding light on the practical implications of our proof of concept. The genesis of our solution lies in a unique, custom-developed evolutionary algorithm, the foundational principles of which are thoroughly expounded in the paper.
Our endeavor is now directed towards the operationalization of our solution, with a particular focus on serving the fintech sector, neobanks, and traditional banking institutions. These entities often grapple with the challenges of data scarcity, intricate data patterns, and ambiguous problem areas, especially in the context of credit products aimed at Small and Medium-sized Enterprises (SMEs).
I am profoundly grateful for the opportunity to collaborate with an exceptional team of researchers and practitioners on this journey. Special recognition is extended to Iraitz Montalban, Tomas Tagliani, André Sequeira, Christophe Pere, PhD, and esteemed colleagues from Fintonic, including Francisco Llaneza Gonzalez and Claudio Beiza, who provided invaluable insights into the intricacies of Fintonic's operational landscape and the historical evolution of machine learning datasets.
Our heartfelt appreciation also goes to coreDevX, our investor and partner in the Falcondale venture. Their forthcoming support in the software engineering domain is pivotal to the successful deployment of our QSaaS solution in a production environment, heralding a new era of innovation in the financial services industry.
Here is the paper's URL: https://lnkd.in/dB6zmaQ4
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