Author
Listed:
- Abha Satyavan Naik
(VVM’s Shree Damodar College of Commerce and Economics)
- Esra Yeniaras
(KEA - Copenhagen School of Design and Technology)
- Gerhard Hellstern
(Baden Württemberg Cooperative State University (DHBW))
- Grishma Prasad
(Bloq Quantum)
- Sanjay Kumar Lalta Prasad Vishwakarma
(IBM Quantum, Almaden Lab)
Abstract
The rapid advancement of quantum computing has sparked a considerable increase in research attention to quantum technologies. These advances span fundamental theoretical inquiries into quantum information and the exploration of diverse applications arising from this evolving quantum computing paradigm. The scope of the related research is notably diverse. This paper consolidates and presents quantum computing research related to the financial sector. The finance applications considered in this study include portfolio optimization, fraud detection, and Monte Carlo methods for derivative pricing and risk calculation. In addition, we provide a comprehensive analysis of quantum computing’s applications and effects on blockchain technologies, particularly in relation to cryptocurrencies, which are central to financial technology research. As discussed in this study, quantum computing applications in finance are based on fundamental quantum physics principles and key quantum algorithms. This review aims to bridge the research gap between quantum computing and finance. We adopt a two-fold methodology, involving an analysis of quantum algorithms, followed by a discussion of their applications in specific financial contexts. Our study is based on an extensive review of online academic databases, search tools, online journal repositories, and whitepapers from 1952 to 2023, including CiteSeerX, DBLP, ResearchGate, Semantic Scholar, and scientific conference publications. We present state-of-the-art findings at the intersection of finance and quantum technology and highlight open research questions that will be valuable for industry practitioners and academicians as they shape future research agendas.
Suggested Citation
Abha Satyavan Naik & Esra Yeniaras & Gerhard Hellstern & Grishma Prasad & Sanjay Kumar Lalta Prasad Vishwakarma, 2025.
"From portfolio optimization to quantum blockchain and security: a systematic review of quantum computing in finance,"
Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 11(1), pages 1-67, December.
Handle:
RePEc:spr:fininn:v:11:y:2025:i:1:d:10.1186_s40854-025-00751-6
DOI: 10.1186/s40854-025-00751-6
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