Quantum computing is often discussed as a future technology, but its potential impact on financial services is already driving conversations about security, infrastructure and long-term planning.
In a recent FIX Information Exchange webinar, Jim Kaye, Executive Director of FIX Trading Community, was joined by experts from ASC X9 to discuss what quantum computing means for the financial industry and why organisations should start preparing for the transition to post-quantum cryptography.
The session explored how quantum computers differ from traditional computers and why advancements in the technology could eventually undermine some of the cryptographic methods used today to protect financial transactions and communications. The speakers explained that while a cryptographically relevant quantum computer may still be some years away, organisations should not wait until that day arrives to begin planning.
One of the key themes throughout the discussion was that preparation matters. Businesses need to understand where cryptography is embedded within their systems, engage with technology providers, assess implementation timelines and ensure they have the resources and support needed to make the transition successfully.
The panel also highlighted the importance of collaboration across the industry. Financial institutions, vendors, standards bodies and market participants will all have a role to play in ensuring systems remain secure and interoperable as post-quantum solutions are introduced.
Speakers
The webinar featured:
- Steve Stevens, Executive Director of ASC X9 and Chair of the X9 Quantum Computing Risk Study Group
- Bill Poletti, Co-Chair of the X9 Financial PKI Operations Team
- Jeff Stapleton, Wells Fargo
- Ralph Poore, Chair of the X9 PKI Financial Industry Forum
The discussion was moderated by Jim Kaye, Executive Director of FIX Trading Community.
Watch the Webinar
The webinar recording is now available: https://youtu.be/5NvDrUiKTSI
Download the webinar slide deck: Quantum Computing Webinar
Download the extended slide deck: FIX X9 PKI Presentation
For questions about the session or FIX Trading Community membership, please contact fix@fixtrading.org.
