Hong Kong Monetary Authority Unveils 'ART' Framework to Promote Responsible Use of A.I. in Banking
The Hong Kong Monetary Authority announced the 'ART' framework on 15 October to promote the responsible use of artificial intelligence in the banking sector, building an accountable, resilient and trustworthy A.I. ecosystem. Measures include updating the Regulatory Guidance on the Responsible Use of Artificial Intelligence, building an A.I. training data-sharing platform with Cyberport and the University of Hong Kong, and testing agentic A.I. Over 60 per cent of use cases in the second phase of the GenA.I. Sandbox involve agentic A.I.
The framework sets out three measures: regulatory guidance, a data-sharing platform and the GenA.I. Sandbox++, and discloses that over 60 per cent of use cases in the second phase involve agentic A.I., allowing readers to check industry progress.
Source: 金管局·新聞稿 · hkma.gov.hk