Hong Kong’s banking regulator has unveiled a series of projects focused on enabling AI and distributed ledger technologies via high performance computing.

The Hong Kong Monetary Authority (HKMA) has published a blueprint focused on more sophisticated applications of artificial intelligence (AI) and distributed ledger technologies (DLT), enabled by the infrastructural support of high performance computing, according to a statement. This initiative is part of the broader «Fintech 2030» strategy which aims to make Hong Kong a «robust, resilient, and future-ready fintech hub».

The blueprint involves four flagship projects which cover areas including quantum computing, risk data, cybersecurity and the development of user skills. Additional activities will also be introduced to address the key challenges to further fintech advancements, such as related events, competitions, the revamp of a matching platform and practical workshops.

«The future of finance will be defined by those who can harness sophisticated technology, not only to improve existing processes, but to reimagine what is possible. By embracing responsible innovation, strengthening cross-boundary collaboration, and investing in talent development, the Blueprint provides the tactical guidance we need to build a resilient and forward-looking Fintech ecosystem – one that balances the rapid evolution of both risk and opportunity,» said HKMA deputy chief Arthur Yuen.