PAObank and OneConnect Financial Technology Join HKMA's Second Cohort of GenA.I. Sandbox to Enhance Deepfake Fraud Detection

Hong Kong picks second batch of banks, tech firms to test AI in finance

Second phase of sandbox initiative will see 20 banks and 14 tech firms testing 27 use cases, with focus on responsible use of generative AI.

PAObank and OneConnect Financial Technology Join HKMA's Second Cohort of GenA.I. Sandbox to Enhance Deepfake Fraud Detection

HKMA Unveils New Batch of Testers for AI Sandbox

The Hong Kong Monetary Authority has announced a second batch of firms that will test artificial intelligence use cases in the city. The Hong Kong Monetary Authority (HKMA) has named the second cohort of the Generative Artificial Intelligence (AI) Sandbox, according to a statement.  The defining theme of this group is «the proactive approach to AI governance», with use cases that involve leveraging AI to conduct automated quality checks on AI-ge…

PAObank, OneConnect Join HKMA GenAI Sandbox to Tackle Deepfake Fraud - Fintech Hong Kong

PAObank, a member of Ping An Insurance, and OneConnect, an associate of Ping An, have been selected for the second cohort of the Hong Kong Monetary Authority’s (HKMA) Generative Artificial Intelligence (GenA.I.) Sandbox in partnership with Hong Kong Cyberport Management Company Limited. Their joint project, the “Anti-Fraud Strategy Platform,” uses advanced AI to strengthen the detection of deepfake-related fraud, enhance risk management, and sup…