Today, the financial sector faces daunting computational challenges, involving both an increased demand for performance and increased transparency requirements. In addition, time-to-market is increasingly important for financial applications, both by commercial software developers and in-house.

The joint research center HIPERFIT attempts to solve the simultaneous challenges of high transparency, high computational performance and high productivity in an integrated approach of declarative domain specific and high-level functional programming languages. The center gathers research in different communities: mathematical finance, programming languages and high-performance systems and application experts from the financial sector contribute cutting edge knowledge from their respective fields to bear on problems transcending their own field of expertise.

Funded by the Danish Council for Strategic Research, HIPERFIT stands for research in tailor-made expressive programming languages, frameworks, tools and technologies for financial modeling, and effective use of modern parallel hardware without compromising correctness, transparency or portability.
The research center is hosted by the Department of Computer Science, University of Copenhagen and includes a number of funding partners from the Danish financial industry. The center is also open for new collaborators from industry and commerce.