SC Ventures, the venture investment arm of Standard Chartered has partnered with Fujitsu to develop quantum computing solutions for financial services and other industries.

Project Quanta will integrate multiple software and hardware technologies to provide clients a platform to rapidly explore, develop and integrate quantum computing and quantum-inspired applications.

SC Ventures said the platform will provide pre-built algorithms in areas such as fraud detection, risk simulations, derivative pricing, and credit decision which will enable users to develop their own algorithms.

The company said it will also provide access to data and backend hardware, allowing users to test their algorithms in a development environment.

The collaboration will draw on Fujitsu’s expertise in quantum computing R&D and software-and-algorithm development as well as insights gained through the development of its superconducting quantum computer.

The project will provide deep insights into financial institutions to accelerate the development of quantum use cases, intellectual property, resources and value, said SC Ventures.

Fujitsu has been developing quantum computing capabilities through both software and hardware advancements through multiple joint research initiatives.

Based on the collaboration with RIKEN, a research institute in Japan, Fujitsu is currently developing a 1,000-qubit superconducting quantum computer, scheduled to begin operation in the fiscal year 2026.

Looking ahead, SC Ventures added that the partnership is also planning the development of a plus-10,000 qubit (250 logical qubit) superconducting quantum computer by the fiscal year 2030.

“The current quantum development industry is fragmented with some companies excelling at hardware integration while others are better at quantum algorithm building tools,” said Apurv Suri, client engagement & partnerships lead at SC Ventures. “By joining forces with Fujitsu, we want to unlock quantum resources and talent on one platform for corporates looking to scale their quantum capabilities.”

Earlier this week, HSBC announced it has developed an approach which combines quantum and classical computing resources to solve “real-world” problems in algorithmic bond trading.

The bank said that this is the “world’s first-known” empirical evidence of the potential value of current quantum computers for solving real-world problems in algorithmic bond trading.

Working in partnership with technology firm IBM, HSBC said that the discovery had resulted in a 34 per cent improvement in predicting how likely a trade would be filled at a quoted price compared to common classical techniques used in the industry.

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