Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»HKMA and Cyberport Unveil GenA.I. Sandbox to Promote AI in Finance
ADOPTION NEWS

HKMA and Cyberport Unveil GenA.I. Sandbox to Promote AI in Finance

By Crypto FlexsAugust 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
HKMA and Cyberport Unveil GenA.I. Sandbox to Promote AI in Finance
Share
Facebook Twitter LinkedIn Pinterest Email

Ted Hisokawa
13 Aug 2024 17:58

HKMA and Cyberport launch GenA.I. Sandbox to promote responsible AI innovation in the financial sector





The Hong Kong Monetary Authority (HKMA), in collaboration with Hong Kong Cyberport Management Company Limited (Cyberport), has officially launched the Generative Artificial Intelligence (GenA.I.) Sandbox. Announced at the FiNETech2 event, the initiative aims to accelerate the adoption of artificial intelligence in the financial sector, according to the HKMA.

FiNETech2 Highlights

Co-hosted by HKMA, Cyberport and the FinTech Association of Hong Kong, FiNETech2 brought together over 300 professionals from various fields including banking, securities, insurance and technology. The event highlighted the transformative potential of AI in the financial industry. Supported by financial regulators and industry associations, the event showcased innovative AI technologies and explored applications in risk management, fraud prevention, customer service and process re-engineering.

Speakers at the event included Mr Eddie Wei, Chief Executive Officer of the HKMA, who highlighted the importance of responsible innovation in GenA.I. He said: “The new GenA.I. sandbox is a pioneering initiative to foster responsible innovation in GenA.I. across the banking industry. It will allow banks to pilot new GenA.I. use cases within their risk management framework, with essential technical support and targeted supervisory feedback.”

GenA.I. Sandbox Initiative

The GenA.I. Sandbox is designed to facilitate interaction and engagement between the HKMA and the financial industry. Through this initiative, the HKMA will be able to derive valuable insights and share best practices to ensure that the guidelines remain relevant and up-to-date with the latest developments in AI.

The sandbox will provide banks with the resources they need to experiment with GenA.I. applications, particularly in areas such as risk management and fraud prevention measures. The HKMA also plans to conduct case studies on international AI developments and share these findings to encourage wider adoption within the industry.

Future planning and capacity building

In addition to the GenA.I. Sandbox, the HKMA is committed to continuous capacity building and fostering responsible innovation. The recent educational session, attended by over 120 financial professionals, focused on practical AI adoption strategies. The HKMA will continue to organize future editions of FiNETech, with upcoming events focusing on Greentech and Distributed Ledger Technology (DLT).

The HKMA’s efforts are part of a broader strategy to substantially advance the adoption of fintech in Hong Kong’s banks and other financial institutions. By fostering partnerships between financial institutions and AI solution providers, the HKMA aims to improve the overall efficiency and effectiveness of the financial sector.

For more information on the launch and the GenA.I. Sandbox initiative, please visit the Hong Kong Monetary Authority.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025
Most Popular

CoinGecko Report: Crypto Industry Rebounds with Resilience and Change in 2023

January 21, 2024

Lionel Messi’s Instagram account strangely posts a Solana Mimecoin promo

July 8, 2024

Bitget Announces Listing of Syncus (SYNC) – Leading the Treasury-Token Dynamics in DeFi

March 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.