Latest News

Here we will inform you about the latest research topics, upcoming events and other news of the department.

Latest News


Interview / 28.09.2023

Tania Jacob Receives Sparkassen Stiftung Prize

With an award for her master thesis on anomaly detection in time series, the foundation recognized Tania Jacob for her outstanding performance.

In the interview, she explains how her results could also be used in power plants and on the stock market and tells more about her work at Fraunhofer ITWM.


Interview / 14.9.2023

Solvency Capital Calculation with Artificial Intelligence: Less Data, More Valid Forecasts

In this interview, Prof. Dr. Ralf Korn talks about solvency capital calculation with Artificial Intelligence. The mathematics behind it is highly complex. As he nicely puts it: »Because there is not only the insurance, but also the world!«


Podcast »Nachgeforscht« / 16.08.2023

The Tade with Electricity

Why is the price of electricity subject to such fluctuations? Can companies save by buying electricity when there is a high supply due to renewable energies? What are the options for storing large amounts of electricity? How can flexibility in purchasing electricity and energy help companies save money? In the latest episode of the German Fraunhofer InnoVisions podcast »Nachgeforscht«, our expert Ria Grindel answers about all these questions.


Press Release / 30.06.2023

Solving Fraud in the Care Sector More Quickly

In the project »PflegeForensik«, our researchers at the Fraunhofer ITWM in Kaiserslautern, together with the Dresden Public Prosecutor's Office and the Economic Crimes Unit of the Leipzig Police Department, are using AI to take targeted action against billing fraud in the care sector. The work was funded by the Federal Ministry of Education and Research (BMBF).


Short News / 29.06.2023

»You Shaped My Life!«

Together with the University Kaiserslautern-Landau (RPTU), the »Financial Mathematics« department is celebrating Ralf Korn's 60th birthday with a special workshop. Many mathematicians whose professional careers are closely linked to him will be attending.

Korn founded the »Financial Mathematics« department and continues to be involved in research as an advisor to the Fraunhofer ITWM.


Press Release / 17.05.2023

Fraunhofer ITWM at the E-world energy & water 2023

Hardly any other topic is currently being discussed more: the energy transition. Our researchers have been developing innovative methods and models for the energy industry for years. From May 23 to 25, 2023, we will present various energy projects at the leading trade fair E-world in Essen.


Short News / 02.01.2023

Second Place at the »SCOR Prize«

Dr. Simon Schnürch (left in the picture), until recently working in our department »Financial Mathematics«, ended 2022 with a success: His dissertation »Mortality Modeling Machine Learning and Mortality Shocks« won second place at the »SCOR Prize« in Germany! The Prize is endowed with 4,000 euros.

SCOR is one of the top 5 global reinsurers based in Paris and awards prizes in several countries. 

Our EP-KI Team Blog

Here, the EP-KI team blogs. This stands for decision support for business management processes with the help of new AI methods. Our junior research group »EP-KI: Decision Support for Business Processes using New AI Methods« works at the interface of business administration and artificial intelligence (AI). Funded by the German Federal Ministry of Education and Research, the junior research group focuses its research on future-oriented issues and their solution by user-friendly methods.

Our AI Group team of scientists has set itself the goal of supporting current developments in digitization in public administration and SMEs. In the blog, we regularly report on our work, activities and comment on current developments.



Erfurt, Project Completion / 04.07.2023

Bauhaus.Mobility – NEXT Closing Event

In the midst of the Reallabor, we will review three project years with a final presentation followed by a barbecue above the roofs of Erfurt. We will also venture a joint outlook into new and exciting research projects.


Bellevue, Washington, USA, Conference / 17.09.2023 – 22.09.2023

IEEE Quantum Week 2023

The conference will take place in Bellevue, Washington, from 17 to 22 September 2023. We will be there with our colleague Mark-Oliver Wolf from the department »Financial Mathematics«. He will present a paper on: »Quantum Architecture Search for Quantum Monte Carlo Integration via Conditional Parameterised Circuits with Application to Finance«. 


Frankfurt, Conference / 05.10.2023 – 06.10.2023

DEKA NXT – The Future Conference

The Future Conference will take place on October 5 and 6. More than 1,000 savings bank board members, innovation and specialist managers and Deka employees will meet here. Tom Ewen from the department »Financial Mathematics« will give a presentation on »Quantum Computing and Machine Learning – New Horizons for the Financial Sector«.


Fraunhofer ITWM, Kaiserslautern 16.10. – 20.10.2023

Basics of Quantum Computing Seminar

The Fraunhofer ITWM is organizing a training series with the aim to give a basic introduction to QC for researchers and PhD students who are interested in the subject or want to start working in the field. In this course, you will learn the basics and the most important algorithms of QC.


Kaiserslautern, Workshop / 22. November 2023

EnerQuant – Quantum Computing in the Energy Sector

In the joint project »EnerQuant: Energy Fundamental Modeling with Quantum Algorithms«, experts are researching the application of quantum computing to optimization problems in the energy industry and the development of a quantum simulator. This event has been postponed from 19.10.2023.


Kaiserslautern, Workshop / 16.11. – 17.11.2023

Explainable and Interpretable Artificial Intelligence / Machine Learning

Call for Paper until 30.09.2023!

Our department »Financial Mathematics« organizes in cooperation with the German Research Center for Artificial Intelligence (DFKI) a workshop on »Explainable and interpretable AI«.


Current Research Topics

Our doctoral students and post-docs research current topics in financial mathematics and data science.


Seminar / 11.3.2021

ML in KL Lightning Talks

You like science, ML and virtual coffee chats? This is for you!

The »ML in KL Lightning Talks« are a local initiative that offers new networking opportunities for researchers of all institutions in KL.

Topic on March: »Experiences and New Approaches in the Training of Neural Networks«


Scientific Employees

You are interested in solutions for data-driven problems and the implementation in software is your topic? Do you have new ideas that you would like to pursue proactively in research projects?

The department »FINANCIAL MATHEMATICS« of the Fraunhofer Institute for Industrial Mathematics in Kaiserslautern offers you an exciting position as a

  • Research Associate »Financial Mathematics«
  • Research Associate »Mathematic for Energy Markets«
  • Research Associate »Quantum Computing«


Scientific Assistants / Interns

We are always looking for scientific assistants an interns as support in projects from the industry and research. Besides your interest on financial mathematical context, basic knowledge in a common programing language is requested. The remuneration is to be agreed upon.


Topics for Master Thesis

Currently, master's theses with the following topics are offered within the focus on financial mathematics for the energy industry:

  • Instance ranking prediction and aggregation in fraud detection
  • Opportunity and risk analysis of the pension phase in retirement provision products
  • Option valuation with quantum computers

Do you have your own idea for a thesis? This is also possible with us. Present us your proposed topic in a speculative application so that we can assess whether it reflects our core competencies.