Quantum Finance Landscape

Quantum computing holds great promise for addressing numerous challenges across various domains, and the financial sector is no exception. With its increased computational power, quantum computing can significantly enhance the efficiency and capabilities of stock exchanges, banks, and technical analysts by enabling more sophisticated simulation and optimization models. Many major banks are already exploring quantum technology to tackle issues such as fraud detection, credit card disbursal explainability, option pricing, and stress testing assets.

This chapter delves into the role financial services play in society and examines the key challenges they face that could potentially be addressed by quantum computing. It provides an introduction to different types of financial institutions and highlights the critical problems within the financial services sector. Additionally, the chapter outlines the necessary preparations for creating a work environment that...