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Fujitsu delivers securitization optimization for Commerzbank

Japanese information and communication technology provider, Fujitsu, has announced the conclusion of a loan portfolio management Proof of Concept (PoC) with Munich-based Commerzbank’s R&D unit- Main Incubator. They utilised Fujitsu’s Digital Annealer. The supplier has stated that the PoC has optimized the selection process for a loan portfolio.

Fujitsu Digital Annealer provides a simultaneous calculation of combinatorial optimization challenges by leveraging quantum characteristics in digital architecture. It optimized the bundling of receivables, thereby allowing customers to utilize the securities’ potential.

Augustin Danciu, Technology Expert at main incubator, said, “As the research and development unit of the Commerzbank Group, we selected the Fujitsu Digital Annealer as it allowed us to test whether the current state of this technology is suitable for banking purposes, examined on securitization optimization. We first encountered the Digital Annealer at Fujitsu’s annual flagship technology conference Fujitsu Forum, where we were investigating future technologies. We moved quickly with Fujitsu to establish a Proof of Concept, and within the first month, achieved very exciting results, which our customers can ultimately benefit from. The benefits provided by the Digital Annealer are very promising.”

According to Fujitsu, the PoC focused on the selection optimization of several thousand vehicle leasing assets for a securitization portfolio.

Wilhelm Petersmann, Vice President, Head of Financial Services, at Fujitsu Central Europe, comments: “The Fujitsu Digital Annealer helps revolutionize business planning by opening up new possibilities for optimizing existing processes. Our work with main incubator is the latest proof that there is no longer any need to wait for commercial viability of true quantum computers to deliver instant solutions to complex combinatorial optimization computations. The Proof of Concept demonstrates that extremely beneficial business outcomes are both practical and rapidly achievable for organizations, like the main incubator, with the ability to identify and grasp new optimization opportunities.”

Main Incubator is a wholly-owned subsidiary of Commerzbank and headquartered in Frankfurt am Main. As the research and development unit of the Commerzbank Group, main incubator deals with future topics and emerging technologies such as quantum computing, blockchain, big data, machine learning, artificial intelligence, biometrics, robotics, virtual reality, cloud, open API, wearables and IoT.

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