2024-09-20
Added · Updated
The Hong Kong Monetary Authority established the Generative Artificial Intelligence Sandbox to support the development and testing of innovative GenAI solutions within the banking sector. The program prioritizes projects that enhance risk management, anti-fraud measures, and customer experience while adhering to strict data minimization and security principles. Applications are evaluated based on innovation, complexity, industry impact, and fair use, with participants receiving early supervisory feedback without implying regulatory endorsement.
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