On 28 April 2025, the HKMA and the Hong Kong Cyberport Management Company Limited jointly announced the launch of the second cohort of the Generative Artificial Intelligence (GenA.I.) Sandbox Initiative (Sandbox). The Sandbox aims to provide a risk-controlled environment for banks to develop and test innovative solutions using artificial intelligence (A.I.), further advancing the adoption of A.I. technology in the financial sector. The second cohort follows the inaugural cohort in January 2025, and will continue to focus on use cases which enhance risk management, anti-fraud measures and customer experience.
A key addition to the second cohort is the introduction of the GenA.I. Sandbox Collaboratory (Collaboratory), a platform comprising a series of practical workshops that facilitates early engagements between banks and technology providers. These workshops are designed to drive the conversion of problem statements into practical use cases, which can then be trialed in the Sandbox.
Specifically, in response to the growing threat of deepfake scams, a dedicated Collaboratory workshop on combatting deepfake attacks with A.I. will be held in the coming weeks, to share actionable solutions and innovative detection tools.
For more details, please see here.
