On 13 August 2024, the Hong Kong Monetary Authority (HKMA) and Cyberport launched the Generative Artificial Intelligence (GenA.I.) Sandbox at FiNETech2, highlighting AI’s transformative potential in finance. The event, co-hosted with the FinTech Association of Hong Kong, showcased AI innovations and explored applications in risk management, anti-fraud, and customer service. The GenA.I. Sandbox aims to promote responsible AI innovation in banking by providing a risk-managed framework and technical support for piloting new AI use cases. HKMA plans further FiNETech events focusing on Greentech and Distributed Ledger Technology (DLT) to advance fintech adoption.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/08/20240813-6/