AI

HKMA’s New Guidelines Aim to Equip Bank Employees for AI Transformation

In response to the rapid integration of Artificial Intelligence (AI) in banking, the Hong Kong Monetary Authority (HKMA) announced updated guidelines focused on manpower development and training in the banking sector. This initiative reflects the HKMA’s commitment to supporting the

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Cyberport and Cisco To Enhance AI and Cybersecurity in Hong Kong

Cyberport, and Cisco signed a Memorandum of Understanding (MoU) to enhance artificial intelligence (AI), future-ready networks, and cybersecurity capabilities in Hong Kong. This partnership aims to boost innovation and strengthen the digital economy. Under the MoU, both parties will jointly

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HKMA Eddie Yue Highlights Transformative Role of AI in Finance

Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), delivered a keynote speech at the ASIFMA Annual Conference today, highlighting key observations from the past year and outlining Hong Kong’s positioning as an international financial centre. Amid discussions

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FWD Group Expands Partnership with Microsoft for AI Innovation

Pan-Asian Life Insurance FWD Group and Microsoft have announced an extension of their partnership through a new four-year agreement. This collaboration aims to integrate Microsoft’s latest generative AI innovations into FWD Group’s cloud-first technology approach. Under this agreement, FWD Group

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Hong Kong Fintech FundPark Secures US$500 Million Funding Facility from Goldman Sachs

FundPark, a fintech startup focusing on trade finance for small and medium enterprises (SMEs), has obtained a US$500 million (HK$3.9 billion) funding facility from Goldman Sachs. This marks the second funding initiative between FundPark and the investment bank, doubling the

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Key Takeaways from HKMA’s Investment Summit on Digital Trends

The Hong Kong Monetary Authority (HKMA), the Global Financial Leaders’ Investment Summit organiser, brought together some of the most prominent figures in the finance industry to discuss the transformative impact of technology and innovation. The panel, consisting of Rob Kapito,

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Crypto Exchange OSL Pilots AI-Powered Chatbot With ChatGPT Plugin

OSL, a SFC-licensed digital asset platform and member of BC Technology Group, has launched an Artificial Intelligence (AI) Trader Bot to offer an improved user experience to its clients. The beta client facing implementation of the AI initiative is expected to

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3 Ways Machine Learning Can Enhance Your Lending Process

A vast majority of the populations in the emerging markets of Southeast Asia, Latin America, and India are at the cusp of financial inclusion, thanks to the growing availability and adoption of digital lending services. The fintech-as-a-service market is predicted

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Data Enrichment Key to Enhancing Accuracy of AI Models in Fintech

Data enrichment, the process of enhancing internal data with relevant, contextual data obtained from external sources, is critical for financial services companies looking to get the most out of their investments in artificial intelligence (AI), allowing them to build more

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4 Ways Alternative Data Is Improving Fintech Companies in APAC

Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging predictive models built using artificial intelligence and machine learning to support core business functions such as risk decisioning. According to

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