Hong Kong’s finance sector embraces GenAI, with adoption to reach 90% in 5 years

Hong Kong’s finance sector embraces GenAI, with adoption to reach 90% in 5 years

GenAI applications have the potential to lead to a more curated customer experience, Academy of Finance CEO Enoch Fung says.

How The Hong Kong Financial Sector Is Adopting GenAI

A recently conducted study revealed that the financial service industry in Hong Kong is swiftly adopting GenAI into its operations. While the possibility of artificial intelligence (AI) taking over jobs is a concern that looms over every industry, it is an undeniable truth that generative AI (GenAI) has certainly benefited all industries. Some of the key sectors, such as technology and finance, have taken the lead in maximising the use of GenAI …