Chapter One — 1.1 Background to the Study

Quantum-Resistant Cryptography has become one of the more actively explored innovations in the design of modern mobile banking applications, promising gains in efficiency and reliability that legacy, largely manual approaches have struggled to deliver.

In practice, however, adoption of quantum-resistant cryptography within mobile banking applications has been uneven, and its actual impact on regulatory compliance is not yet well understood in a rigorous, evaluable way — a gap this study is positioned to address.

1.2 Statement of the Problem

Existing approaches to regulatory compliance within mobile banking applications remain largely reactive and fragmented, with little systematic use of quantum-resistant cryptography despite its demonstrated value elsewhere. This study addresses the resulting gap by designing and evaluating a solution built specifically around quantum-resistant cryptography.

1.3 Objectives of the Study

1. To design and implement a quantum-resistant cryptography-based approach to improving regulatory compliance in mobile banking applications.
2. To evaluate the effectiveness of Quantum-Resistant Cryptography in enhancing regulatory compliance within mobile banking applications.
3. To identify the key requirements and constraints relevant to deploying quantum-resistant cryptography in this context.
4. To assess user and stakeholder perception of the resulting system.

1.4 Research Questions

1. How can quantum-resistant cryptography be applied to improve regulatory compliance in mobile banking applications?
2. How effective is Quantum-Resistant Cryptography at enhancing regulatory compliance within mobile banking applications?
3. What requirements and constraints are relevant to deploying quantum-resistant cryptography in this context?
4. How do users and stakeholders perceive the resulting system?

1.5 Significance of the Study

Beyond its immediate technical contribution, this study offers value to organizations evaluating whether to invest in quantum-resistant cryptography for their own mobile banking applications, and contributes to the broader literature on applied software technology / IT by documenting a concrete implementation and evaluation case.

1.6 Scope of the Study

As a study of this kind, its scope is confined to designing and evaluating a quantum-resistant cryptography-based solution for mobile banking applications, focused specifically on regulatory compliance; broader deployment considerations fall outside this scope.