HKMA Fintech Plan to Broaden AI Adoption With Other Regulators

HKMA fintech plan priorities include expanding artificial intelligence adoption and accelerating fintech development through cooperation with Hong Kong’s other financial regulators, Chief Executive Eddie Yue Wai-man said.

Under the five-year Fintech 2030 strategy, the Hong Kong Monetary Authority will widen its generative AI sandbox beyond banking to other industries, aiming to improve risk management, fraud detection and customer experience.

Yue said the HKMA is in discussions with the Securities and Futures Commission and the Insurance Authority to extend the initiative’s reach, encourage knowledge sharing and support broader industry uptake, reinforcing the HKMA fintech plan.