HKMA says banks should set up AI hub

AI analytics

The Hong Kong Monetary Authority has urged local banks to develop a “centre of excellence” to develop artificial intelligence.

In a new report, the HKMA says banks can no longer rely upon the resources of their own technology departments to find ways of enhancing their business with AI. Banks need to adopt AI solutions more rapidly and with “higher quality results”, it argues.

A centre of excellence, the HKMA says, would act as central hub that collects resources for AI development, including

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: