HKMA launches 'ART' framework for responsible AI in banking

AI-generated briefing · First published

The Hong Kong Monetary Authority unveiled the 'ART' framework to guide banks on accountable, resilient and trustworthy AI adoption.

The Hong Kong Monetary Authority announced the 'ART' Framework on 15 October to promote responsible AI adoption in banking, focusing on accountability, resilience and trust. [1] [2]

Deputy Chief Executive Arthur Yuen said the shift from generative to agentic AI marks a new stage of innovation, and banks can realise AI benefits while maintaining trust and stability. [1] [2]

Initiatives include new supervisory guidance, an AI training data sharing platform with Cyberport and the University of Hong Kong, and further sandbox testing of agentic AI. [1] [2]

The HKMA is co-hosting the two-day Finance + AI Forum with Cyberport, where more than 60% of second-cohort sandbox use cases explored agentic AI applications. [1] [2]

Sources

  1. HKMA announces “ART” Framework to promote responsible A.I. adoption

    Hong Kong Monetary Authority · · Full text

  2. HKMA unveils framework for responsible AI in banking

    RTHK Finance · · Summary only

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