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

According to Odaily, the Hong Kong Monetary Authority announced the release of a FinTech promotion blueprint, which will launch four flagship projects, including:

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

2. New Risk Data Strategy: Fully leveraging the potential of AI and Distributed Ledger Technology (DLT) in cutting-edge applications to strengthen the banking sector's data management capabilities;

3. FinTech Cybersecurity Baseline: Focusing on the application of emerging technologies such as AI and Distributed Ledger, aiming to provide clear security guidelines for FinTech companies when collaborating with banks;

4. Qualification Development Support: Enabling practitioners to better understand the skills required for integrating AI and Distributed Ledger Technology into next-generation financial products and services.