Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
HKMA, Cyberport Launch GenA.I. Sandbox for Bank Anti-fraud Work
Recommend 21 Positive 35 Negative 22 |
||||
|
||||
|
The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced the launch of the new Generative Artificial Intelligence (GenA.I.) Sandbox yesterday (13th) at FiNETech2, the second edition of the FiNETech series. Eddie Yue, Chief Executive of the HKMA, said, the new GenA.I. Sandbox is a pioneering initiative that promotes responsible innovation in GenA.I. across the banking industry. It will empower banks to pilot their novel GenA.I. use cases within a risk-managed framework, supported by essential technical assistance and targeted supervisory feedback. Banks are encouraged to make full use of this resource to unlock the power of GenA.I. in enhancing effective risk management, anti-fraud efforts and customer experience. To adapt to the forthcoming changes, the HKMA is committed to capacity building and promoting responsible innovation in GenA.I., including a recent training session which was attended by over 120 financial professionals, focusing on practical A.I. adoption strategies in the financial industry. The HKMA is also conducting case studies on the latest international development of A.I., including GenA.I., and will share good practices to encourage adoption. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
