The HKMA collaborates with Cyberport to launch a generative AI sandbox, targeting fintech innovations in finance.
Hong Kong’s central banking institution, the Hong Kong Monetary Authority (HKMA), launched a generative artificial intelligence (GenA.I.) sandbox for finance in collaboration with Cyberport, a state-run technology company.
HKMA announced the launch of the GenA.I. sandbox on Aug. 13 during FiNETech2 – Into the AI verse, an event dedicated to nurturing partnerships between financial institutions and AI solution providers.
Hong Kong’s GenA.I. sandbox is a platform to test AI’s potential applications in finance, including risk management, anti-fraud, customer services and process re-engineering.
