Rigetti Computing Awarded Innovate UK Grant to Enhance Quantum Machine Learning Methods for Anti-Money Laundering Detection
Joining Rigetti in this work is HSBC, the Quantum Software Lab (QSL) based at the University of Edinburgh, and the National Quantum Computing Centre (NQCC).
- Joining Rigetti in this work is HSBC, the Quantum Software Lab (QSL) based at the University of Edinburgh, and the National Quantum Computing Centre (NQCC).
- Together, the consortium aims to enhance existing anti-money laundering techniques by using quantum machine learning techniques with the goal of improving the performance of current-state-of-the-art machine learning algorithms.
- Quantum computing has the potential to enhance existing classical computing workflows, and in turn could offer improved machine learning methods.
- In this work, the consortium will aim to extend current anomaly detection quantum machine learning models to detect anomalous behavior indicating money laundering.