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<\/a><\/a>\nThe collaboration will begin with the development of a proof-of-concept (PoC), with the potential to expand to pilot applications for key anti-financial crime use cases. The effort will focus on how quantum-hybrid technology may be used to support the development of predictive systems that can identify unusual behavioral patterns associated with fraud, scams, and money laundering.<\/p>
\nAs part of the agreement, Nasdaq Verafin will explore the use of D-Wave\u2019s annealing quantum computing technology to uncover complex relationships across account activity, transaction patterns, and counterparty networks that conventional approaches may overlook. The initial PoC will use D-Wave\u2019s technology to analyze hundreds of potential data signals in an effort to strengthen predictive models for detecting unusual account behavior.<\/p>
\n\u201cThis agreement with Nasdaq Verafin provides an important opportunity to explore quantum computing\u2019s potential in addressing some of the financial services sector\u2019s most complex problems,\u201d said Dr. Alan Baratz, CEO of D-Wave. \u201cBy applying D-Wave\u2019s quantum-hybrid technology to machine learning and other application development efforts, Nasdaq Verafin is reinforcing its role as a technology-forward organization helping shape the future of financial services innovation.\u201d<\/p>
\nAbout D-Wave Quantum Inc.<\/b><\/p>
\nD-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world\u2019s first commercial supplier of quantum computers, and the first and only to offer dual-platform quantum computing products and services, spanning both annealing and gate-model quantum computing technologies. D-Wave\u2019s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap\u2122 quantum cloud service, which offers 99.9% availability and uptime. More than 100 organizations across commercial, government and research sectors trust D-Wave to address complex computational challenges using quantum computing. Learn more about realizing the value of quantum computing today and how D-Wave is shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com<\/a>.<\/p> \nAbout Nasdaq Verafin<\/b><\/p> \nNasdaq Verafin provides Financial Crime Management Technology solutions for Fraud Detection and Management, AML\/CFT Compliance and Management, High Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,800 financial institutions, representing $13 trillion in collective assets, use Nasdaq Verafin to prevent fraud and strengthen AML\/CFT efforts. Visit www.verafin.com<\/a> to learn more.<\/p> \nForward-Looking Statements<\/b><\/p> \nCertain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201canticipate,\u201d \u201ctrend,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook,\u201d \u201cforecast,\u201d \u201cprojection,\u201d \u201ccontinue,\u201d \u201congoing,\u201d or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management\u2019s control, including the risks discussed under the caption \u201cItem 1A. Risk Factors\u201d in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption \u201cItem 1A. Risk Factors\u201d in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.<\/p>