BANKING ON THE QUANTUM REVOLUTION – A COMPREHENSIVE ANALYSIS
Through exploring quantum, computing’s capacity for change within banking; this research examines how its power to surmount present difficulties and unveil fresh prospects may reshape the industry. The study encompasses a comprehensive evaluation of the development and current status of quantum computing technology. It analyzes the versatile applications of quantum computing in banking, specifically in identifying fraudulent activities, enhancing risk assessment methodologies, and optimizing various financial processes. Additionally, the research assesses the obstacles and risks associated with integrating quantum computing into the banking sector, providing valuable insights for effective mitigation strategies. The findings of this study aim to offer guidance to banks on harnessing quantum computing to enhance security measures and gain a competitive edge. The results of the research offer useful suggestions for the strategic application of quantum computing in the banking sector, recognizing the technology’s potential to transform established banking procedures and open the door to a more safe and effective financial environment.
Financial Processes Optimization, Quantum Computing, Risk Assessment.