The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced today (October 15) the second cohort of the Generative Artificial Intelligence (GenA.I.) Sandbox. Building on the foundation of the first cohort, this coming cohort demonstrates a significant industry shift from experimenting with AI's capability to enabling its secure and reliable implementation.
      
     From over 60 proposals, a total of 27 use cases from 20 banks and 14 technology partners have been selected (see Annex). All submissions were prioritised based on innovation, technical complexity and potential value to the industry.
      
     A defining theme of this cohort is the proactive approach to AI governance, with use cases pioneering "AI vs AI" strategies, such as leveraging AI to conduct automated quality checks on AI-generated outputs, improving accuracy and consistency at a scalable level.
      
     In response to the emerging risk of deepfake-related fraud, the Sandbox will also serve as a testing ground for advanced defence mechanisms. Several participants will conduct adversarial simulations, using AI to stress-test and fortify their systems against sophisticated digital fraud.
      
     Deputy Chief Executive of the HKMA Mr Arthur Yuen said, "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. I would also like to express my gratitude to Professor Chan (Note 1), Professor Yang (Note 2) and Professor Yiu (Note 3) for their valuable expert advice as members of the selection committee."
      
     Participants will gradually onboard to the designated platform by Cyberport's Artificial Intelligence Supercomputing Centre later this year, with trials commencing in early 2026. Leveraging the GenA.I. Sandbox as the core, the HKMA will continue to share good practices and promote the responsible adoption of AI within the financial sector.

Note 1: Professor Chan Chun-kwong, Programme Director, MSc/PgD in Financial Technology, Faculty of Engineering; and Professor of Practice in Financial Technology, Department of Systems Engineering and Engineering Management, The Chinese University of Hong Kong

Note 2: Professor Yang Hongxia, Executive Director of PolyU Academy for Artificial Intelligence; Associate Dean (Global Engagement) of Faculty of Computer and Mathematical Sciences; Director of the University Research Facility in Big Data Analytics; and Professor, The Hong Kong Polytechnic University

Note 3: Professor Yiu Siu-ming, Master Programme Director and Professor, School of Computing and Data Science, The University of Hong Kong

Ends/Wednesday, October 15, 2025
Issued at HKT 15:42

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