The Impact of Quantum Computing on Financial Services

Introduction

Quantum computing is poised to revolutionise the financial services industry, bringing new opportunities for enhancing risk modelling, optimising portfolios, and improving fraud detection. However, the disruptive potential of quantum computing also raises significant risks, particularly for cybersecurity.

As financial services firms continue to explore the integration of quantum technologies, it is essential to understand how this emerging technology might impact the industry’s infrastructure, risk frameworks, and compliance obligations. While the technology holds great promise, it also poses complex challenges for both firms and regulators.

This new virtual classroom seminar will provide an in-depth exploration of the impact of quantum computing on the financial services industry, discussing its potential applications, risks, regulatory challenges, and strategies to mitigate those risks. It is suitable for risk, regulatory, and compliance professionals, as well as lawyers, senior managers, technology providers, and market structure specialists.

What You Will Learn

This live and interactive course will cover the following:

• Introduction to quantum computing - key concepts that financial service professionals need to understand
• An overview of core principles including how quantum computing differs from classical computing, with key concepts such as qubits, superposition, entanglement, and quantum algorithms
• Emerging applications in financial services
• Optimising risk and pricing models using quantum algorithms
• Quantum-based tools for portfolio management, scenario analysis
• Enhancing fraud and anomaly detection through quantum-enabled AI
• Key risks and challenges
• Cybersecurity risks - threats posed to traditional cryptographic methods, potential vulnerabilities, and how quantum attacks could affect financial markets
• Operational and market risks - risks from the uncertainty of quantum computing’s commercial readiness, potential market disruptions from quantum-enabled financial tools, and the role of technology providers in mitigating risks
• Regulatory risks - challenges for regulators in managing the impact and regulatory uncertainty
• Quantum computing and regulation
• The UK’s National Quantum Strategy and the evolving regulatory landscape, including how quantum developments may interact with existing financial regulations
• International developments - insights into global regulatory efforts, including G7 cybersecurity standards, the FCA/World Economic Forum white paper, and the US NIST post-quantum cryptography standards
• Navigating quantum challenges: strategies and solutions
• Risk management approaches - best practices or incorporating quantum computing into risk management frameworks and steps to take to prepare for the quantum era in systems
• Adopting post-quantum cryptography - overview of post-quantum cryptography standards and their application in financial services and how firms should start preparing for the transition to quantum-resistant security protocols

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.