Article Series: Quantum Computing and Finance

Abu Dhabi Global Market Academy (ADGMA) Research Centre (in partnership with ADIA Lab, Imperial College London and Nanyang Technological University) hosted a three-day conference, Quantum Computing for Finance, gathering nearly 300 leading experts from the financial sector, quantum technology firms and academia from around the world.

Continuing our deep dive into the intersection of quantum computing and finance, ADGMA Research Centre sat down with Citi’s Ronit Ghose (Head of Future of Finance Team) and Tahmid Quddus Islam (AVP, Innovation & Technology) to get their views on the opportunities and challenges presented by the intersection of quantum and finance.

The article explores the intersection of quantum computing and finance, which promises unprecedented computational capabilities through qubits’ unique properties like superposition and entanglement. Despite being in its infancy, quantum computing presents immense potential to revolutionise various financial activities, including portfolio optimisation, risk management, fraud detection, and algorithmic trading. However, alongside these opportunities lie significant challenges such as security risks, regulatory compliance, talent shortage, and interoperability issues. Nonetheless, the financial sector’s early adoption and strategic preparation for quantum computing could pave the way for competitive advantages and transformative innovations in the future.