HKMA Quantums Up Bank Readiness

The Hong Kong Monetary Authority (HKMA) has launched a Quantum Preparedness Index and whitepaper to guide banks in post-quantum cryptography readiness by 2030.

The index evaluates banks across four dimensions, Awareness, Planning, Pilots, and Practical Preparedness, and assigns a readiness score. The initial score is 2.3 out of 10, indicating that the sector is in the early stages of preparation.

A HKMA survey found that 68% of banks are either aware of or actively planning for quantum readiness, but 32% have yet to take tangible steps. Half of the surveyed institutions lack formal post-quantum plans.