HKMA launches Project SAGE and establishes Expert Group for agentic finance
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced today (November 2) the launch of Project SAGE to support the responsible development and adoption of agentic finance in Hong Kong. As Agentic A.I. technologies continue to mature, the financial industry is moving beyond internal adoption to explore how AI agents may make financial services more efficient and secure. This emerging paradigm, widely known as agentic finance, has the potential to transform customer engagement with financial services. Meanwhile, the associated risks and challenges need to be properly addressed to support its responsible development and adoption. Against this backdrop, the HKMA launched Project SAGE, which stands for "Securing Agentic Finance with Governance and Enablement", to enable practical applications of agentic finance, while ensuring governance framework is in place. Project SAGE will focus on four key areas: (1) Market Development and Use Case Exploration: Support industry participants and their partners in exploring and validating agentic finance use cases and solutions, while facilitating dialogue with the HKMA on practical
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