FCA to explore quantum computing to tackle financial crime
By FCA
AI summary of the source article
The Financial Conduct Authority is launching the Quantum Experimentation Group in Q1 2027 to explore how quantum computing can detect money laundering and fraud.
Why it matters
The initiative aims to "help firms explore where quantum could make a meaningful difference" and help the FCA understand the technology's "opportunities and limitations, barriers to experimentation and what these could mean for regulation."
Key facts
- The regulator-led Quantum Experimentation Group will launch in the first quarter of 2027.
- Participants will test quantum machine learning against financial crime using an FCA synthetic dataset.
- Financial services firms, quantum technology providers, and research labs can register interest by 31 December 2026.
Source excerpt · FCA
A new initiative will bring together firms, quantum technology providers, and national research labs to explore practical applications of quantum computing. The FCA will bring together financial services firms, quantum technology providers and national research laboratories to explore how quantum computing could help tackle financial crime.The Quantum Experimentation Group, the first of its kind f…