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

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Odaily Planet Daily News: The Hong Kong Monetary Authority announced the release of a Fintech Promotion Blueprint, which will introduce four flagship projects, including:

  1. Quantum Readiness Index: Assessing the banking sector’s preparedness in the post-quantum cryptography (PQC) field;

  2. New Risk Data Strategy: Fully leveraging AI and Distributed Ledger Technology (DLT) in cutting-edge applications to enhance the data management capabilities of banks;

  3. Fintech Cybersecurity Benchmark: Focusing on the application of emerging technologies such as AI and distributed ledgers, aiming to provide clear security guidelines for fintech companies collaborating with banks;

  4. Qualification Development Support: Helping industry professionals better understand the skills needed to incorporate AI and distributed ledger technology into next-generation financial products and services.

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