HKMA Unveils New Batch of Testers for AI Sandbox
The Hong Kong Monetary Authority has announced a second batch of firms that will test artificial intelligence use cases in the city.
The Hong Kong Monetary Authority (HKMA) has named the second cohort of the Generative Artificial Intelligence (AI) Sandbox, according to a statement.
The defining theme of this group is «the proactive approach to AI governance», with use cases that involve leveraging AI to conduct automated quality checks on AI-generated outputs, improving accuracy and consistency at a scalable level. The sandbox will also serve as a testing ground for advanced defence mechanisms for risks such as deepfake-related fraud.
The first batch was selected in December 2024 with participation by 10 banks.
Sandbox Participants
In the latest batch, a total of 27 use cases from 20 banks and 14 technology partners have been chosen out of more than 60 proposals. Lenders named include Bank of China (Hong Kong), Bank of East Asia, HSBC and Standard Chartered. Use cases were related to risk management, anti-fraud measures and customer experience.
Participants will gradually onboard to the designated platform by Hong Kong business park Cyberport’s Artificial Intelligence Supercomputing Center later this year, with trials commencing in early 2026.
«The second cohort represents a major leap forward in making AI adoption safer and more robust. The diverse representation of banks in this cohort highlights the industry-wide consensus on AI's transformative potential. The growth in collaboration between the banking, technology, and academic sectors is a testament to our commitment to fostering the local fintech ecosystem,» said HKMA deputy chief Arthur Yuen.
