14 Aug 2024

Event round-up: Quantum Readiness: Developing commercial value from quantum technologies in financial services

On 25th July, techUK hosted the latest webinar in the Quantum Readiness series.

What it techUK’s quantum readiness series?

 As quantum technologies move from concept, development and towards deployment, it is critical that the UK’s leading industries and sectors are ready to realise the potential these new technologies can offer.

As such, techUK will be hosting a series of events and webinars showcasing how these technologies are starting to deliver impact across critical industries and sectors in the UK. We will spotlight real-world impact, emphasizing the imminent need for market readiness.

You can view the previous session here.


Quantum technologies could become an essential technology for financial services.

Quantum computing, with its ability to process complex calculations, has emerging use cases across financial services, risk management, portfolio optimisation, and fraud mitigation. Financial institutions who are able to leverage this technology early will gain crucial first mover advantage across these areas. To start on this journey, institutions will need to develop the right skills, identify the right use cases, and build new partnerships.

This session, as part of techUK’s quantum readiness event series, aimed to show how financial institutions are starting to prepare for this advantage today. This was an opportunity to hear from industry leaders who are taking this journey, and the challenges they have faced as they begin to adopt quantum.

While not the primary objective of this event, it  also touched upon how to build quantum resilience, which is a primary concern for financial institutions. The session hoped to dispel common misconceptions about quantum security, and emerging solutions to address this threat.

The panel include:

  • Dr Sonali Mohapatra, Quantum Sector Innovation Lead, NQCC
  • Marco Paini, VP Financial Services, Rigetti

  • Mekena Metcalf, Senior Quantum Computing Research Scientist, HSBC

  • Manqoba Hlatshwayo, Senior Quantum Applications Engineer, National Quantum Computing Centre

  • Pavle Avramović, Manager, Emerging Tech & Research, Financial Conduct Authority

This session was chaired by Laura Foster, Associate Director for Technology and Innovation at techUK.

You can watch the full webinar below:



techUK – Unleashing UK Tech and Innovation 

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The UK is home to emerging technologies that have the power to revolutionise entire industries. From quantum to semiconductors; from gaming to the New Space Economy, they all have the unique opportunity to help prepare for what comes next.

techUK members lead the development of these technologies. Together we are working with Government and other stakeholders to address tech innovation priorities and build an innovation ecosystem that will benefit people, society, economy and the planet - and unleash the UK as a global leader in tech and innovation.

For more information, or to get in touch, please visit our Innovation Hub and click ‘contact us’. 


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Sprint Campaigns

techUK's sprint campaigns explore how emerging and transformative technologies are developed, applied and commercialised across the UK's innovation ecosystem.

Activity includes workshops, roundtables, panel discussions, networking sessions, Summits, and flagship reports (setting out recommendations for Government and industry).

Each campaign runs for 4-6 months and features regular collaborations with programmes across techUK. 

New Space

This campaign explored how the UK can lead on the development, application and commercialisation of space technologies and ultimately realise the benefits of the New Space Economy.

These technologies include AI, quantum, lasers, robotics & automation, advanced propulsion and materials, and semiconductors.

Activity has taken the form of roundtables, panel discussions, networking sessions, Summits, thought leadership pieces, policy recommendations, and a report.

Get in touch below to find out more about techUK's ongoing work in this area.


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Rory Daniels

Rory Daniels

Senior Programme Manager, Emerging Technologies

Gaming & Esports

This campaign has explored how the UK can lead on the development, application and commercialisation of the technologies set to underpin the Gaming & Esports sector of the future.

These include AI, augmented / virtual / mixed / extended reality, haptics, cloud & edge computing, semiconductors, and advanced connectivity (5/6G).

Activity has taken the form of roundtables, panel discussions, networking sessions, Summits, and thought leadership pieces. A report featuring member case studies and policy recommendations is currently being produced (to be launched in September 2024).

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Rory Daniels

Rory Daniels

Senior Programme Manager, Emerging Technologies

Web3 & Immersive technologies

Running from July to December 2024, this campaign will explore how the UK can lead on the development, application and commercialisation of web3 and immersive technologies.

These include blockchain, smart contracts, digital assets, augmented / virtual / mixed / extended reality, spatial computing, haptics and holograms.

Activity will take the form of roundtables, workshops, panel discussions, networking sessions, tech demos, Summits, thought leadership pieces, policy recommendations, and reports.

Get in touch below to find out more about contributing to or collaborating on this campaign.


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Rory Daniels

Rory Daniels

Senior Programme Manager, Emerging Technologies

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Members do this by contributing blogs or vlogs, speaking at events, and highlighting examples of best practice within the UK's tech sector.


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Tech and Innovation Summit 2024

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Laura Foster

Laura Foster

Associate Director - Technology and Innovation, techUK

 

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