Jan 17, 2024 · Davos-Klosters, Switzerland,17 January 2024 – A World Economic Forum report, released today, analyses a financial sector on the cusp of a quantum revolution, where emerging technologies are predicted to drive sector investment to $19 billion by the 2030s and up to $850 billion over the next 30 years.

Jan 17, 2024 · Quantum technologies have the potential to revolutionize financial services, improving computation, modelling and fraud detection. However, they also pose significant cybersecurity risks of systemic disruptions. These risks underscore the need for a unified, global and cross-industry approach to quantum security.

May 21, 2024 · The Bank for International Settlements (BIS) has published the results of the first phase of Project Leap, advancing quantum-safe cryptography research for financial systems. Meanwhile, Project Tourbillon is another BIS initiative exploring the replacement of RSA encryption methods with quantum-safe, lattice-based schemes in the CBDC context.

Jan 18, 2023 · Today’s leaders in quantum technology have all developed holistic quantum ecosystems, marshaling the resources necessary to stay ahead of the quantum curve. The UK National Quantum Technologies Programme , for instance, represents a more than £1 billion investment by the United Kingdom to foster collaboration between industry, academia, and ...

Jan 23, 2024 · Quantum computing provides disruptive opportunities to the financial sector, by advancing complex operations with projected investment expected to reach $19 billion by 2030s. Mitigating the quantum security threat is needed to fully harness these opportunities, and global regulatory approaches can trigger harmonized action.

Sep 13, 2022 · Quantum computing promises transformative simulation and modelling capabilities across a diverse range of industries. However, these advances in computational power will also introduce significant risks via the potential threat of disruption to some widely used encryption standards. This white paper developed in collaboration with Deloitte, provides guidance for a …

Nov 13, 2024 · With progress comes risk, and global collaboration is essential to harnessing quantum benefits while mitigating quantum security risks. The World Economic Forum and Financial Conduct Authority (FCA) have created award-winning tools that guide industry and regulators toward a secure quantum transition.

Jan 10, 2024 · The financial services’ vast well of data and communications means the industry both benefits and is vulnerable to harm by artificial intelligence (AI). Fusing AI and quantum technologies (AQ) will enable fast data analytics while vastly improving cybersecurity – a game changer for the financial industry.

Apr 6, 2019 · The National Bank of Cambodia will be one of the first countries to deploy blockchain technology in its national payments system for use by consumers and commercial banks. It is implementing blockchain technology in the second half of 2019, as an experiment to support both financial inclusion and greater banking system efficiency.

Jan 15, 2024 · Modernizing the global financial system to reflect the increasing concentration of poverty and climate impacts in conflict-affected communities couldn’t be more urgent. For the first time in two decades, extreme poverty is on the rise, with countries impacted by conflict and fragility expected to be home to two-thirds of those living in ...