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ProgrammeFinanceHong KongConfirmed

HKMA and Cyberport launch a generative AI sandbox for Hong Kong banks

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Source: Hong Kong Monetary Authority

The Hong Kong Monetary Authority and Cyberport announced a GenAI Sandbox on 13 August 2024 at the FiNETech2 event. Banks can pilot generative AI use cases in risk management, anti-fraud and customer experience inside a risk-managed framework, with technical help and supervisory feedback from the HKMA. The FiNETech2 event where it was announced was supported by the SFC, Insurance Authority and MPF Schemes Authority.

Why it matters

Hong Kong banks gained a route to test generative AI with their supervisor watching, and the HKMA gained evidence to update its guidance on bank use of AI.

When
13 Aug 2024
ID
WTA-N-2024-0118
Who
Hong Kong Monetary Authority, Cyberport; Eddie Yue

Summary by wheresthe.ai, from Hong Kong Monetary Authority. Checked against the source on 9 Oct 2026.

Read the original at Hong Kong Monetary Authority

Source copy: download the page as saved on 18 Oct 2026 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: What happened nextHKMA picks 27 use cases from 20 banks for second GenAI sandbox cohort

Cite this story

WTA-N-2024-0118: “HKMA and Cyberport launch a generative AI sandbox for Hong Kong banks.” wheresthe.ai, 13 Aug 2024. https://wheresthe.ai/d/hk-hkma-cyberport-genai-sandbox-2024-08/ (source: Hong Kong Monetary Authority).

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