HPCFinance stands at the fertile crossroads of Financial Engineering and High Performance Computing providing robust solutions to managing financial risks. The network aims to proactively train young people to respond to the future requirements in the financial industry. The academic and private sector partners will, in close cooperation, develop, integrate, and implement the most realistic and effective financial models on high-performance computing platforms. The ultimate goal is to help to improve the financial strength of banks, pension funds, insurance companies, other financial institutions and households in Europe.
HPCFinance (Training in Modern Quantitative Methods and High-Performance Computing for Finance), is a 4-year multi-site Marie Curie Initial Training Network, funded by the European Commission within the 7th Framework Programme and has started on May 1, 2012. The budget is 4,101,000 EUR. The network consists of 7 universities and 8 companies, representing investment and insurance companies, banks, consultants, and high-performance computing solution providers. The network enhances the career development of 12 early-stage researchers and 2 experienced ones in finance-related sectors.
This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement no 289032.
For more information, contact Juho Kanniainen, juho.kanniainen (at) tut.fi