A quantum computing leap for financial services?

A research note from the Financial Conduct Authority considers the potential applications of quantum computing in UK financial services. Daniel Hirschfield and Martin Dowdall review the paper, some of the key challenges and what firms and regulators can do now to prepare for quantum computing.

The financial services sector has a deep association with technological change, as an adopter, catalyst and champion, stretching back to the end of the 19 century when transatlantic cables were used to enable electronic funds transfers.