C. Kuka, Sanar Muhyaddin, Phoey Lee Teh, Leanne Davies
2026.2.9FinTech
tlooto Summary
The paper synthesizes historical transition lessons, sector-specific regulatory drivers, and operational constraints in payment infrastructures to derive a new, principle-based migration: crypto-agility, risk-prioritized scoping, hybrid deployment, vendor and supply-chain alignment, independent testing, and proactive supervisory engagement.
Abstract
Quantum computing threatens the security foundations of global financial systems, exposing long-lived data and signed digital assets to “harvest-now, decrypt-later” attacks. While the timeline for cryptographically relevant quantum computers remains uncertain, regulatory signals from the USA, UK, EU, Canada, and Australia converge: financial institutions and payment infrastructures must begin migrating to post-quantum cryptography (PQC) now to preserve confidentiality, integrity, and systemic stability. This paper maps emerging standards and roadmaps, contrasting binding requirements like the EU’s DORA crypto-agility provisions with non-binding guidance from NIST, ENISA, and ETSI. Despite a shared intent to secure high-risk use cases by 2030–2031 and complete migration by 2035, divergences in enforcement and milestones create uncertainty for cross-border banks and financial market infrastructures. In parallel, technical adoption is advancing: major browsers, cryptographic libraries (OpenSSL/BoringSSL), and CDNs (e.g., AWS CloudFront) have deployed hybrid PQC key exchange in TLS 1.3, proving confidentiality defenses are viable at internet scale. The paper synthesizes historical transition lessons, sector-specific regulatory drivers, and operational constraints in payment infrastructures to derive a new, principle-based migration: crypto-agility, risk-prioritized scoping, hybrid deployment, vendor and supply-chain alignment, independent testing, and proactive supervisory engagement. Acting now reduces long-tail exposure and ensures readiness for imminent compliance and interoperability deadlines.
Citation format
KUKA, C., et al. Global roadmaps for post-quantum era in finance: Policies, timelines, and a pragmatic playbook for migration. FinTech, 2026, 5(1): 16.