Mastercard, teaming with D-Wave, is showcasing its quantum computing leadership with CEO-backed prototype demos. Highlighted at global conferences, these innovations demonstrate Mastercard's forward-thinking approach to customers and executives.
Mastercard Foundry is pioneering the use of quantum computing to transform finance. Our experiments explored its potential to personalize customer offers, combat fraud through advanced data modeling, enhance security with new fraud detection methods, and optimize the complex process of Net Settlement between banks. The project objective is to elevate Mastercard's innovation profile by demonstrating the potential of quantum computing through a series of prototype demos, developed in partnership with D-Wave. These demos will be aimed at customers, executives, and internal stakeholders to raise awareness and communicate the value of quantum computing in the financial sector.
Design and Development of Alpha Room Prototype Demos: The objective is to develop the UX (User Experience) and UI (User Interface) for four unique Alpha Room prototype demos, aimed at showcasing the potential of quantum computing. The focus will be on creating a user-centric design that ensures intuitive navigation and interactive elements, making it easy for users to engage with and understand the advanced concepts of quantum computing. Balancing aesthetics and functionality is crucial, as the design must be visually engaging while effectively conveying the complexities of quantum technology. Consistency in design language across all demos is essential, ensuring alignment with Mastercard’s brand identity and delivering a cohesive user experience.
Value Narrative Communication: This goal is to effectively communicate the transformative potential of quantum computing. This involves simplifying intricate quantum concepts into clear, impactful narratives that stakeholders can easily grasp. By focusing on real-world applications, we aim to demonstrate how quantum computing can address pressing challenges in finance and payments. Engaging storytelling techniques will be used to captivate stakeholders, illustrating both the practical benefits and future possibilities of quantum technology in a way that is both compelling and relevant.
Collaboration with D-Wave: Our objective is to collaborate with D-Wave to harness their expertise in quantum computing. The focus is on integrating D-Wave's advanced quantum systems into our demos, showcasing their capabilities and potential applications effectively. We aim to foster a collaborative environment where D-Wave's technical insights blend seamlessly with Mastercard's business requirements. Through joint development efforts, we will bring these conceptual demos to life, ensuring they are technically robust and aligned with our project’s objectives, highlighting the transformative potential of quantum computing in a business context.
Quantum computing presents a unique challenge in communication due to its complexity and abstract nature. Our first goal is to simplify these intricate principles into clear and understandable demonstrations, striking a balance that highlights the technology’s potential without oversimplifying its capabilities. Moreover, we emphasize the educational aspect, ensuring that our diverse audience—ranging from technical experts to stakeholders with varying levels of knowledge—can grasp these concepts and recognize their relevance to Mastercard’s services in finance and payments.
Stakeholder engagement is pivotal in conveying the transformative power of quantum computing. We tailor our approach to cater to the interests and understanding levels of different stakeholder groups, including customers and high-level executives. Our aim is to not only educate but also to craft a compelling narrative that captivates and inspires confidence in Mastercard’s quantum computing initiatives. By presenting clear benefits and practical applications, we strive to demonstrate how these technologies can enhance security, efficiency, and innovation across our platforms.
Seamless collaboration lies at the heart of our strategy. We foster cross-disciplinary teamwork between Mastercard’s design and business teams and D-Wave’s technical experts. This collaborative effort ensures that our demos are both technically sound and aligned with our strategic objectives. By integrating Mastercard’s strategic vision with D-Wave’s cutting-edge capabilities, we aim to produce demos that are coherent, impactful, and showcase the potential of quantum computing to revolutionize the future of finance and payments.
Our “Offer Allocation” product helps Mastercard merchants, who need to optimize the allocation of offers to their consumers. This will be achieved by decreasing inefficiencies in classical computing and boosting the even distribution rate, leading to increased customer satisfaction ratings. This is unlike traditional approaches, which are limited by the number of solutions that they can explore. We offer a solution with highly targeted recommendations that will outperform competing marketing platforms.
Our “Anti Money Laundering” product helps law enforcement who need to identify money-mule type flows in bank account transactions. This will be achieved by reducing the time it takes to identify and locate patterns at scale, resulting in the money-mule chain to be interrupted. This is unlike classical approaches, which are limited in terms of size and complexity of networks that they can process. We offer the ability to find patterns of money-mule behavior in near-real time across a huge range of accounts and transactions. This has the potential to future-proof multi-rail networks.
Our “Intelligent Network Switching” product helps Mastercard acquirers who need to route transaction messages to issuers. This will be achieved by improving decline rates and sub-optimal routing strategies and increasing the efficiency and reliability in faster network switching. This is unlike the capabilities of classical computing methodologies available today. We offer improved network switching efficiency at scale through optimal strategies resulting in higher approval rates.
Our “Hidden Flow Discovery” product helps financial crime departments within banks who need to combat fraud and money laundering. This will be achieved by interrupting the use of crypto-currencies as a means of financial crimes and identifying the flows of illicit funds. This is unlike classical approaches that are currently unable to identify patterns within reasonable timeframes. We offer the tracking and tracing of illicit funds across hidden flow exchanges and increase the likelihood of identifying fraudulent transactions in large networks.
The project successfully positioned Mastercard as a leader in financial innovation by showcasing the transformative potential of quantum computing through a series of engaging, user-friendly prototype demos developed in partnership with D-Wave. These demos, designed to simplify and communicate the complex benefits of quantum computing, were targeted at customers, executives, and internal stakeholders. They have been instrumental in raising awareness and demonstrating the value of quantum technology in the financial sector. Endorsed by Mastercard CEO Michael Miebach, the demos have been prominently featured at prestigious conferences worldwide, including those in Miami, Singapore, London, Dublin, and Dubai, solidifying Mastercard's commitment to pioneering advancements in technology.
