The Hong Kong Monetary Authority, with Cyberport, selected 27 generative-AI use cases from 20 banks and 14 technology partners out of more than 60 proposals. The cohort focuses on 'AI vs AI' quality checks of model outputs and on adversarial testing of defences against deepfake fraud, with trials starting in early 2026 on Cyberport's AI Supercomputing Centre.
Why it matters
It shows a central bank using supervised sandboxes, rather than new rules, to shape how banks deploy GenAI and counter deepfake fraud.
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Connections our researchers recorded
- DevelopmentMAS consults on AI risk management guidelines for all financial institutions13 Nov 2025 · Rule change · SGContrasts with: Singapore writes binding-style guidelines while Hong Kong leans on a supervised sandbox
What led here
Earlier developments on the same thread
- DevelopmentChina's mandatory labelling rules for AI-generated content take effect1 Sep 2025 · Rule change · CN
- DevelopmentSEC and SDNY charge Nate founder over claims his shopping app ran on AI9 Apr 2025 · Enforcement or ruling · US
What happened next
Later developments on the same thread
- DevelopmentUS Treasury releases AI lexicon and finance-specific AI risk framework19 Feb 2026 · Policy · US
- DevelopmentVisa expands Agentic Ready agent-payment testing to Asia Pacific and Latin America29 Apr 2026 · Launch · INTL
Same story elsewhere
What other countries and bodies did on this
- DevelopmentFCA names Barclays, UBS, Experian and others in second AI Live Testing cohort21 Apr 2026 · Programme · GB
- DevelopmentEU AI Office gains powers to enforce AI Act rules on general-purpose models2 Aug 2026 · Rule change · EU
- DevelopmentSouth Korea's AI Basic Act takes effect, with a one-year pause on fines22 Jan 2026 · Rule change · KR
- DevelopmentGoogle launches AP2, an open protocol for payments made by AI agents16 Sep 2025 · Launch · INTL
Rules in play
Laws and guidance this touches
- RuleAI Basic ActKR · In force · 21 Jan 2025
- RuleAI Basic Act Enforcement DecreeKR · In force · 21 Jan 2026
- RuleEU AI ActEU · Partly in force · 13 Jun 2024
- RuleAI for AllCA · In force · 4 Jun 2026
Threads by topic: Deepfakes Fraud and scams Safety testing