Purpose The financial services sector is on the brink of a substantial transformation as quantum computing (QC) promises unprecedented speeds for processing data, particularly in the areas of accounting, risk management, trading and fraud detection. Such cutting-edge technology transforms how financial institutions handle large volumes of financial data and intricate transactions by leveraging qubits to conduct complex computations exponentially faster than classical computers. However, the crucial question here is as follows: Are financial firms ready to adopt quantum technology? This study aims to examine QC adoption intention and technological readiness for QC adoption (TRQA) among accounting and auditing firms (AAFs). Design/methodology/approach This study used an online validated and reliable survey to estimate an integrated model of technology–organization–environment-technology acceptance model-resource dependence theory. It gathered responses from AAFs and analyzed them using partial least squares structural equation modeling. Findings The research revealed that QC adoption intention in the financial services sector was fostered by vendor ecosystem, competitive pressure, government support, relative advantage, top management support and perceived usefulness. In contrast, ease of use failed to report such a result. Behavioral adoption intention was found to be a positive driver for TRQA. The inclination to embrace QC in the accounting and finance sector could encourage efforts to build the necessary skills and resources, thereby improving technological preparedness and enabling organizations to fully leverage the advantages of quantum technology. Results also showed that organizational innovation climate-moderated interaction of QC adoption intention on firms’ TRQA was significant. Originality/value To the best of the authors’ knowledge, this attempt is likely among the first to empirically investigate technological readiness for the adoption of QC. It not only advances scholarly conversations on QC but also delivers actionable strategies for stakeholders to boost businesses’ readiness for this emerging revolutionary technology.
Purpose The financial services sector is on the brink of a substantial transformation as quantum computing (QC) promises unprecedented speeds for processing data, particularly in the areas of accounting, risk management, trading and fraud detection. Such cutting-edge technology transforms how financial institutions handle large volumes of financial data and intricate transactions by leveraging qubits to conduct complex computations exponentially faster than classical computers. However, the crucial question here is as follows: Are financial firms ready to adopt quantum technology? This study aims to examine QC adoption intention and technological readiness for QC adoption (TRQA) among accounting and auditing firms (AAFs). Design/methodology/approach This study used an online validated and reliable survey to estimate an integrated model of technology–organization–environment-technology acceptance model-resource dependence theory. It gathered responses from AAFs and analyzed them using partial least squares structural equation modeling. Findings The research revealed that QC adoption intention in the financial services sector was fostered by vendor ecosystem, competitive pressure, government support, relative advantage, top management support and perceived usefulness. In contrast, ease of use failed to report such a result. Behavioral adoption intention was found to be a positive driver for TRQA. The inclination to embrace QC in the accounting and finance sector could encourage efforts to build the necessary skills and resources, thereby improving technological preparedness and enabling organizations to fully leverage the advantages of quantum technology. Results also showed that organizational innovation climate-moderated interaction of QC adoption intention on firms’ TRQA was significant. Originality/value To the best of the authors’ knowledge, this attempt is likely among the first to empirically investigate technological readiness for the adoption of QC. It not only advances scholarly conversations on QC but also delivers actionable strategies for stakeholders to boost businesses’ readiness for this emerging revolutionary technology.
Quantum computing is emerging as a potentially transformative technology with the capacity to redefine computational boundaries in finance and technology-intensive industries. However, the strategic adoption of quantum computing remains uneven, constrained by technological uncertainty, organizational readiness, and significant capability gaps. This paper examines strategic frameworks for organizational readiness and competitive advantage in the adoption of quantum computing technologies across global financial and technology enterprises. Drawing on theories of dynamic capabilities, technological innovation, and strategic management, the study conceptualizes quantum adoption as a multi-dimensional process encompassing technological infrastructure, human capital, governance structures, and ecosystem integration. The paper synthesizes existing research to identify critical readiness factors and proposes a strategic framework that aligns organizational capabilities with the evolving quantum computing landscape. By emphasizing the role of strategic foresight, cross-functional integration, and adaptive governance, this research contributes to understanding how organizations can transition from experimental engagement to sustained competitive advantage through quantum-enabled innovation.
Recent advancement in quantum computing has shined a light on potentials for tackling computational problems and has drawn significant attention from sectors like healthcare and finance. Because of the rapid evolution in quantum technology and the notable distinction between traditional and quantum approaches, a new standard to guide the operationalization of quantum solutions and assess the readiness level is needed. In this paper, we construct and analyze the organizational readiness levels for the development and deployment of quantum solutions based on the original Technology Readiness Level (TRL) [1] while naming the risks from both ethical and regulatory perspectives. The main goal is to provide a comprehensive alignment and direction on how businesses, industries and governments can prepare for and leverage quantum technologies responsibly. Finally, to uncover the practical benefits of adopting this Responsible Quantum Readiness framework, we present a hypothetical case study in the financial service industry.
Quantum computing integration into cloud-based financial transaction processing significantly enhances the financial technology sector's capabilities. This convergence merges quantum principles with financial operations to improve data processing, security protocols, and risk management. Quantum-enabled systems deliver faster processing speeds while implementing Quantum Key Distribution for advanced cryptographic security and developing more accurate fraud detection algorithms. Financial institutions utilizing these technologies have documented measurable improvements in operational efficiency, with transaction processing times reduced by up to 85% compared to classical computing systems. Additionally, quantum-optimized trading algorithms demonstrate 23% higher returns with 17% lower volatility across tested market conditions. The quantum advantage extends to portfolio management, where optimization routines process complex risk-return scenarios 40 times faster than conventional methods. Customer response metrics indicate 91% satisfaction with the enhanced security features and reduced processing latencies. Market analysis reveals that early adopters gain substantial competitive advantages through improved risk assessment accuracy and operational cost reductions of approximately 32%. The integration establishes new performance and security benchmarks in financial services, positioning quantum computing as an increasingly essential component of financial infrastructure as the technology matures and becomes more accessible.
Abstract Quantum computing is rapidly advancing from a theoretical possibility to a transformative force in financial systems. With its high-dimensional computational capacity, quantum technology is promising for enhancing risk modelling, fraud detection and transaction efficiency. However, it also seriously threatens cryptographic security, regulatory coherence and systemic stability. This paper critically analyses the risks introduced by cryptographically relevant quantum computers and assesses the readiness of legal and institutional frameworks to respond. Focusing on the UK financial regulatory environment, the study proposes a quantum-safe integration roadmap grounded in post-quantum cryptography, adaptive regulatory models and sector-wide governance strategies. The paper argues for anticipatory regulation that embeds enforceable standards and strategic collaboration across public and private stakeholders through an interdisciplinary approach combining legal analysis and financial risk modelling. The UK’s leadership in quantum policy positions it to shape international norms in secure quantum adoption. Finally, the paper offers an analytical framework to ensure that quantum innovation reinforces rather than destabilises data integrity, financial resilience and public trust.
The rapid evolution of financial technologies (FinTech) and digital assets—including cryptocurrencies, decentralized finance (DeFi), and tokenized capital markets—has created an unprecedented need for secure, scalable, and computationally efficient systems. This study examines the transformative potential of quantum computing in reshaping financial technology infrastructures and digital asset ecosystems. Traditional computational models, constrained by classical encryption limits and the exponential growth of financial data, face increasing inefficiencies in handling real-time risk assessment, portfolio optimization, and transaction verification. Quantum computing, with its capacity for superposition, entanglement, and parallel state evaluation, provides novel opportunities to redefine data security, financial modeling, and cryptographic mechanisms in the digital economy. The research explores how quantum algorithms—notably Quantum Approximate Optimization Algorithm (QAOA), Quantum Fourier Transform (QFT), and Grover’s search algorithm—can enhance financial operations such as market forecasting, fraud detection, and asset pricing. Additionally, it investigates quantum-resistant cryptography to safeguard digital asset networks against the vulnerabilities introduced by future quantum decryption capabilities. By integrating hybrid quantum–classical frameworks, this approach enables the development of sustainable, adaptive, and transparent financial systems. The findings highlight quantum computing’s potential to advance financial inclusion, increase transaction speed, and improve systemic resilience. As global financial markets transition toward quantum readiness, the convergence of FinTech and quantum innovation is expected to redefine how digital assets are managed, traded, and secured—marking a paradigm shift toward quantum financial intelligence.
Quantum computing is set to transform financial services through improved risk assessment, portfolio optimization, fraud detection, and high-frequency trading. Early adopters, such as prominent banks, hedge funds, and regulatory agencies, are diligently investigating quantum algorithms to surmount the constraints of classical computers in financial modeling and decision-making. This book analyzes the strategies of JPMorgan Chase, Goldman Sachs, and HSBC, as well as the impact of quantum annealing, Shor's algorithm, and quantum machine learning on the evolution of financial markets. Furthermore, it addresses the obstacles of hardware scalability, regulatory structures, cybersecurity threats, and workforce adjustment in the quantum age. The research underscores the significance of quantum cloud computing and AI-quantum integration in maintaining the competitiveness of financial institutions. As quantum technology advances, financial services must establish quantum-ready infrastructures to ensure future operations.