Hong Kong Monetary Authority Releases Fintech Promotion Blueprint: Exploring Distributed Ledger Technology and AI Applications, and Launches Quantum Readiness Index

Odaily News The Hong Kong Monetary Authority (HKMA) announced the release of a Fintech Promotion Blueprint, which will launch four flagship projects, including:

1. Quantum Readiness Index: To assess the banking sector's preparedness in the field of Post-Quantum Cryptography (PQC);

2. New Risk Data Strategy: To fully leverage 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 Baseline: Focusing on the application of emerging technologies such as AI and DLT, aiming to provide clear security guidance for fintech companies when collaborating with banks;

4. Qualification Development Support: To help practitioners better understand the skills required to integrate AI and DLT into next-generation financial products and services.