The Hong Kong Monetary Authority (HKMA) has released a fintech promotion blueprint, exploring distributed ledger technology and AI applications, and launching a quantum readiness index.

The Hong Kong Monetary Authority (HKMA) announced the release of its Fintech Promotion Blueprint, which will launch four flagship projects, including: 1. Quantum Readiness Index: assessing the banking sector's readiness in the post-quantum cryptography (PQC) field; 2. New Risk Data Strategy: leveraging the potential of AI and distributed ledger technology (DLT) in cutting-edge applications to enhance the banking sector's data management capabilities; 3. Fintech Cybersecurity Benchmark: focusing on the application of emerging technologies such as AI and DLT, aiming to provide clear security guidelines for fintech companies to collaborate with banks; and 4. Qualification Development Support: enabling practitioners to better understand the skills required to integrate AI and DLT technologies into next-generation financial products and services.