Overview
- Fintech 2030, unveiled in November, sets a five-year roadmap built around data, AI, resilience and tokenisation with more than 40 initiatives.
- Project Noor is being developed as an AI model assessment framework for banking to help regulators and lenders manage model risk.
- The Commercial Data Interchange will add government ‘golden source’ records and expand analytics to support practical use cases such as SME credit.
- Banks and fund houses are being encouraged to use tokenised deposits in tokenised money market fund transactions.
- HKMA is promoting cross-sector collaboration, citing an example of a bank working with a telecom provider on anti-fraud tools and calling for participation by technology firms and academia.