Hong Kong’s financial regulators have selected the first batch of projects for an expanded generative GenAI testing programme, as the city explores the use of more autonomous AI agents in financial services.
The programme, known as GenAI Sandbox++, covers banking, securities, insurance and pensions.
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Out of nearly 100 proposals submitted, the first group includes 36 use cases involving 30 financial institutions and 27 technology partners.
Projects were assessed for innovation, technical complexity and their possible value to the financial industry. A selection committee of academic experts also provided advice.
The trials will focus on agentic AI applications. These systems move beyond generating content and will be tested in processes including customer onboarding, payments, insurance claims and customer interactions.
The new group will also continue work under the “A.I. vs. A.I.” theme from the earlier cohort.
This will examine whether AI can dynamically oversee actions taken by other AI applications.
Participants will use a platform run by Cyberport’s Artificial Intelligence Supercomputing Centre. Technical trials are due to begin later this year.
It was announced by the Hong Kong Monetary Authority, the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority.
Participating institutions include Bank of China (Hong Kong), Hang Seng Bank, HSBC Life (International), Manulife (International), Octopus Cards, WeChat Pay Hong Kong and Ant Bank (Hong Kong).
