FCA invites firms to test whether quantum computers can identify money laundering

AI-assisted source summary · not independently verified. Content standards

The UK Financial Conduct Authority (FCA) has invited UK financial firms, quantum computing providers and research laboratories to join the new Quantum Experimentation Group, testing quantum computers’ ability to identify money laundering and fraud. Participants will use synthetic datasets built by the FCA to compare quantum methods with traditional techniques; applications close on December 31, and the trial will begin in the first quarter of 2027. Participation does not constitute FCA endorsement of the relevant firms, technologies or solutions.