Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision

Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision

Report

Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision

The first part of the report assesses the current status of AI adoption in the Hong Kong banking industry based on an industry-wide survey conducted by the HKMA, and the findings indicate that banks in Hong Kong have adopted AI in all key functional areas. Over 80% of participating banks view AI adoption as a way of improving efficiency and strengthening risk management.

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