Standard Chartered’s venture funding arm and Fujitsu announced the incubation of “Project Quanta”. The project will integrate multiple software and hardware technologies to provide clients a platform to rapidly explore, develop and integrate quantum computing and quantum-inspired applications.
The joint venture will tap Fujitsu’s expertise in quantum computing research and development and software-and-algorithm development as well as insights gained through the development of its superconducting quantum computer. It will bring this expertise together with SC Ventures’ insights into financial institutions to accelerate the development of quantum use cases, intellectual property, resources and value.
In addition to the development environment, the platform provides pre-built algorithms in areas such as fraud detection, risk simulations, derivatives pricing, and credit decisions, enabling users to develop their own algorithms, as well as access to data and backend hardware, allowing users to test their algorithms.
This project will utilize Fujitsu’s quantum computing technology. Fujitsu has been developing quantum computing capabilities through both software and hardware advancements utilizing multiple joint research initiatives. Based on the collaboration with RIKEN, Fujitsu is currently developing a 1,000-qubit superconducting quantum computer, scheduled to begin operation in fiscal 2026.