SC Ventures, the innovation arm of Standard Chartered Bank, has partnered with Fujitsu a global leader in quantum software and hardware, to work on a new project called Project Quanta. The collaboration officially started on September 25.
Project Quanta aims to combine different software and hardware technologies to create a platform that helps clients quickly explore, build, and use quantum computing and quantum-inspired applications. This will make it easier for businesses to take advantage of the power of quantum technology.
The partnership will use Fujitsu’s strong knowledge in quantum research, software, and algorithm development. Fujitsu has also gained valuable experience while building its superconducting quantum computer.
This expertise will be combined with SC Ventures’ strengths in building new businesses and its deep understanding of financial institutions.
Together, they aim to speed up the creation of real-world quantum applications, new ideas, intellectual property, and resources that bring value to clients and industries.
The platform not only offers a development environment but also comes with ready-made algorithms for areas like fraud detection, risk simulations, derivative pricing, and credit decisions. Users can also create their own algorithms.
It also provides access to data and backend hardware, so users can test and improve their algorithms directly on the platform.
This project will use Fujitsu’s quantum computing technology. The company has been improving its quantum capabilities through both software and hardware, working on many joint research projects.
In partnership with RIKEN, Fujitsu is building a 1,000-qubit superconducting quantum computer, which is planned to start operating in 2026.
“By joining forces with Fujitsu, we want to unlock quantum resources and talent on one platform for corporates looking to scale their quantum capabilities,” said Apurv Suri, Client Engagement & Partnerships Lead, SC Ventures.
“At Fujitsu, we are committed to solving the world’s most complex challenges through innovation and collaboration,” Stafford Bond, Head of Growth Investments, Fujitsu UK, said.
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