HKMA and Cyberport launch generative AI sandbox
Hong Kong Monetary Authority and Hong Kong Cyberport have launched a generative artificial intelligence sandbox. HKMA Chief Executive Eddie Yue said that the new GenA.I. sandbox is a breakthrough initiative aimed at promoting responsible innovation and development of GenA.I. in the banking industry. The sandbox will assist banks in testing various innovative use cases of GenA.I. within a risk-controlled framework and provide the necessary technical support and targeted regulatory advice. We encourage banks to make full use of the sandbox to unleash the potential of GenA.I. in enhancing risk management, anti-fraud, and customer experience.
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