HKMA announces the second cohort of GenA.I. Sandbox to advance responsible A.I. innovation, featuring 27 use cases from 20 banks and 14 technology partners. It emphasizes proactive A.I. governance and tests defense mechanisms against deepfake fraud. The cohort includes experts from top Hong Kong universities.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority ("HKMA"), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), has announced the second cohort of the Generative Artificial Intelligence (GenA.I.) Sandbox, effective as of 15 October 2025. The initiative builds upon the first cohort's foundation by shifting focus from experimenting with AI capabilities to securing and reliably implementing AI. From 60+ proposals, 27 innovative use cases were selected involving 20 banks and 14 technology partners, with evaluations prioritizing innovation, technical complexity, and industry potential.
A pivotal theme of this cohort is proactive AI governance, with participants employing 'A.I. vs. A.I.' strategies. These strategies involve using AI to perform automated quality checks on AI-generated outputs, enhancing accuracy and scalability. The Sandbox will also serve as a testing ground for advanced anti-fraud mechanisms. Several participants will conduct adversarial simulations to fortify systems against sophisticated digital fraud, such as deepfake-related fraud. Mr. Arthur Yuen, Deputy Chief Executive of the HKMA, highlights this cohort’s significance in making AI adoption safer and more robust. The diverse representation of banks underscores the industry's consensus on AI’s transformative potential.
The collaboration between the banking, technology, and academic sectors is a testament to the commitment to fostering the local fintech ecosystem. The selection process involved valuable expert advice from Professor Chan1, Professor Yang2, and Professor Yiu3. Participants will gradually onboard to the designated platform at Cyberport’s Artificial Intelligence Supercomputing Centre later this year, with trials commencing in early 2026. The HKMA will leverage the GenA.I. Sandbox to share best practices and promote responsible AI adoption within the financial sector.
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