Hong Kong expands AI sandbox with projects that include banks, securities and insurance

Hong Kong financial regulators selected 36 use cases for the expanded GenAI Sandbox++ programme, involving 30 financial institutions and 27 technology partners, including Ant Bank (Hong Kong), WeChat Pay Hong Kong, and HSBC Life (International), to test agentic AI in banking, securities, insurance, and pensions. Technical trials will begin later this year on Cyberport's Artificial Intelligence Supercomputing Centre platform, covering customer onboarding, payments, insurance claims, and customer interactions. HKMA chief executive Eddie Yue Wai-man said the programme would foster partnerships and strengthen Hong Kong's position as an international financial centre and innovation hub.

Hong Kong expands AI sandbox with projects that include banks, securities and insurance Regulators select 36 use cases involving dozens of financial institutions and tech partners to test AI use in onboarding, payments, claims and customer service Hong Kong’s financial regulators have selected the first batch of projects for an expanded generative artificial-intelligence GenAI testing programme spanning banking, securities, insurance and pensions, as the city explores the use of more autonomous AI agents in financial services. GenAI Sandbox++ https://www.scmp.com/tech/tech-trends/article/3274489/hkma-cyberport-collaborate-genai-sandbox-foster-adoption-citys-banking-industry?module=inline&pgtype=article programme, according to a joint statement on Thursday by the Hong Kong Monetary Authority HKMA , Securities and Futures Commission SFC , Insurance Authority and Mandatory Provident Fund Schemes Authority. The projects involve 30 financial institutions and 27 technology partners, with participants including Ant Bank Hong Kong , WeChat Pay Hong Kong and HSBC Life International . Technical trials are expected to begin later this year on a platform managed by Cyberport’s Artificial Intelligence Supercomputing Centre, the statement showed. The first cohort will focus on “agentic AI” – systems capable of carrying out tasks and making decisions with a greater degree of autonomy, and the trials will cover end-to-end processes including customer onboarding, payments, insurance claims and customer interactions, according to the statement. HKMA chief executive Eddie Yue Wai-man said that the programme would foster partnerships between a wider range of financial institutions and technology companies, helping Hong Kong strengthen its position as an international financial centre and innovation hub.