Post-Quantum Migration in the Financial Sector: A Systematic Review of Readiness, Risks, and Transition Frameworks
Hillary Muzenda, Belinda Mutunhu Ndlovu
Quantum computing threatens the classical cryptographic systems underpinning financial infrastructure, exposing payment platforms, interbank networks, and digital services to Harvest-Now-Decrypt-Later (HNDL) risks. This study systematically reviews quantum threats and post-quantum cryptographic readiness in the financial sector to assess preparedness, identify implementation challenges, and synthesize migration pathways aligned with emerging standards. A PRISMA-guided review of 17 peer-reviewed studies published between 2020 and 2025 was conducted, examining quantum threat models, post-quantum cryptographic schemes, quantum key distribution architectures, and sector-specific deployment barriers. The review finds that lattice-based schemes, especially CRYSTALS-Kyber and CRYSTALS-Dilithium, are the leading candidates for financial adoption, while hybrid cryptographic approaches offer the most feasible transition strategy. However, the current evidence base is predominantly simulation-driven, with limited real-world deployment and validation. The study provides a sector-specific synthesis of quantum threats, post-quantum readiness, and migration pathways in financial systems, and advances an integrated readiness and migration framework based on cross-study thematic analysis.
Journal of Information Systems and Informatics•Apr 12, 2026•0 citations