coingeek
2024-05-31
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Artificial intelligence (AI) will redefine financial services in Hong Kong, and commercial banks must prepare for the AI revolution, the city-state’s central bank says.In its latest guidance, the Hong Kong Monetary Authority (HKMA) discussed manpower management in the age of AI, acknowledging that the technology is taking root in the state’s banking industry. Banks are leveraging it to provide customized services for their clients and process massive amounts of data to detect fraud.