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HKMA Announces 2nd Cohort of GenA.I. Sandbox; Trials to Begin in Early 2026
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The Hong Kong Monetary Authority (HKMA), in collaboration with the Cyberport, announced today (15th) the second cohort of the Generative Artificial Intelligence (GenA.I.) Sandbox. Building on the foundation of the first cohort, this coming cohort demonstrates a significant industry shift from experimenting with AI's capability to enabling its secure and reliable implementation. From over 60 proposals, a total of 27 use cases from 20 banks and 14 technology partners have been selected. Participating banks include Ant Bank (Hong Kong), BOCHK, Bank of Communications (Hong Kong), Bank of East Asia, China Construction Bank Asia, Chiyu Banking Corporation, CMB Wing Lung Bank, Dah Sing Bank, Fubon Bank (Hong Kong), HSBC, ICBC (Asia), Industrial Bank, Livi Bank, Nanyang Commercial Bank, Natixis, PAO Bank, Public Bank (Hong Kong), Shanghai Commercial Bank, Standard Chartered Bank (Hong Kong) and Tai Sang Bank. Participants will gradually onboard to the designated platform by Cyberport’s Artificial Intelligence Supercomputing Centre later this year, with trials commencing in early 2026. Leveraging the GenA.I. Sandbox as the core, the HKMA will continue to share good practices and promote the responsible adoption of AI within the financial sector. AASTOCKS Financial News Website: www.aastocks.com |
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