D-Wave and Nasdaq Verafin Announce Agreement for Quantum Computing Application Development

Key Terms

proof-of-concept technical

A proof-of-concept is a demonstration that shows a new idea or method can work as intended, serving as a small-scale test before full development. For investors, it signals that a concept has been successfully tested in principle, reducing uncertainty about whether it can be practically implemented. This helps determine if further investment or effort is justified to develop the idea further.

quantum-hybrid technology technical

Technology that combines quantum components (which use quantum mechanics to process information) with conventional, classical computing or engineering systems to perform tasks that are hard or slow for ordinary machines. Think of it like adding a specialized turbocharger to a regular engine: the quantum part handles specific hard problems while the classical part manages routine work. Investors watch this because it can change development costs, timelines, potential performance gains, and competitive positioning as the technology matures.

annealing quantum computing technology technical

A form of quantum computing that finds optimal or near-optimal solutions by guiding a system toward its lowest-energy state, using quantum effects such as tunneling; think of it as nudging a ball across a bumpy landscape until it settles in the deepest valley. It matters to investors because this specialized approach can tackle certain complex optimization tasks—scheduling, logistics, portfolio selection, and materials design—potentially offering faster or better answers for specific industries compared with classical computers, while having a different maturity and commercial profile than general-purpose quantum machines.

aml/cft regulatory

AML/CFT is the set of laws, rules and procedures that prevent criminals and terrorists from hiding, moving or using illicit money through banks and other financial services. For investors, strong AML/CFT programs lower the chance of costly fines, legal action and reputational damage — like an airport security system that keeps risky passengers off a flight and protects the business and its customers.

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Collaboration aims to advance quantum-hybrid application development for machine learning to address financial crime detection

PALO ALTO, Calif. & NEW YORK--(BUSINESS WIRE)-- D-Wave Quantum Inc. (NASDAQ: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, and Nasdaq Verafin announced today an agreement designed to evaluate the use of quantum computing to improve financial crime detection.

The 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.

As part of the agreement, Nasdaq Verafin will explore the use of D-Wave’s 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’s technology to analyze hundreds of potential data signals in an effort to strengthen predictive models for detecting unusual account behavior.

“This agreement with Nasdaq Verafin provides an important opportunity to explore quantum computing’s potential in addressing some of the financial services sector’s most complex problems,” said Dr. Alan Baratz, CEO of D-Wave. “By applying D-Wave’s 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.”

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. It is the world’s 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’s mission is to help customers realize the value of quantum today through enterprise-grade systems available on-premises and via its Leap™ 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.

About Nasdaq Verafin

Nasdaq 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 to learn more.

Forward-Looking Statements

Certain 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: “believe,” “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “trend,” “estimate,” “predict,” “project,” “potential,” “seem,” “seek,” “future,” “outlook,” “forecast,” “projection,” “continue,” “ongoing,” 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’s control, including the risks discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260803830261/en/

Media Contact:

D-Wave
Alex Daigle
media@dwavesys.com

Source: D-Wave Quantum Inc.