FinQbit has received financing from the European Union for the project ‘finQbit – A Platform Enabling the Programming of Quantum Computers for Financial Institutions.’ This initiative aims to simplify the adoption of quantum computing and quantum algorithms for specialists in the financial industry through the finQbit™ platform. Ultimately, these specialists will be able to leverage quantum technology without requiring in-depth quantum knowledge.
Aim:
The objective of the project is to empower financial institutions to develop software for quantum computers.
Tasks and final result:
Key tasks will include the expansion of a high-level function library that translates user-defined operations into quantum gate operations, enabling the implementation of algorithms commonly used in financial applications. Additionally, the platform will integrate libraries offering a suite of ready-to-use quantum algorithms, making it possible to invoke them directly from a notebook interface.
Ultimately, the software will be containerized, fully integrated, and delivered as a SaaS platform.
Target group:
The product is primarily targeted at financial institutions such as banks, investment funds, and insurance companies.
Duration: May 2024 – May 2025
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Project value: PLN 716 209.94
Financing of the project from the EU: PLN 599 277.10
FinQbit has received financing from the European Union for the project ‘A platform for managing market risk using quantum computers.’ This initiative aims to extend finQbit platform and provide options to price derivatives using quantum computers.
Project title: A platform for managing market risk using quantum computers
Aim:
The objective of provide options to price derivatives using quantum simulators and quantum computers
Tasks and final result:
Key tasks include creation and benchmarking of the software for pricing options using quantum simulators and as a target, quantum computers
Target group:
The product is primarily targeted at financial institutions such as banks, investment funds, and insurance companies.
Duration: October 2025 – February 2026
Project value: PLN 227 036,15
Financing of the project from the EU: PLN 200 000
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FinQbit has received financing for the project “Development of the finQbit platform with modules for the practical application of Quantum Machine Learning in risk modelling and financial analytics.”
The project aims to expand the finQbit™ platform with modules enabling a learning-by-doing approach to Quantum Machine Learning in finance. The initiative will allow users to explore QML concepts through practical financial use cases related to risk modelling and financial analytics.
Aim:
The objective of the project is to help financial institutions build practical understanding of Quantum Machine Learning by experimenting with QML methods on finance-oriented examples.
Tasks and final result:
Key tasks will include the development of interactive QML modules covering data preparation, feature encoding, model training, benchmarking and result analysis. The modules will be based on practical financial use cases and integrated with the existing finQbit platform.
Ultimately, the platform will provide a practical environment for learning, testing and evaluating Quantum Machine Learning methods in financial applications.
Target group:
The product is primarily targeted at financial institutions such as banks, investment funds, and insurance companies.
Duration: July 2026 – June 2028
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Project value: PLN 2 416 021,11
Financing of the project from the EU: PLN 1 999 988,97
