Laboratory for AI-Powered Financial Technologies and Bank of China (Hong Kong) Further Strengthen FinTech Collaboration

Time flies, especially on the journey of technological innovation where every moment counts.

Prof. Houmin Yan, Director of Laboratory for AI-Powered Financial Technologies (AIFT), led his team to visit Bank of China (Hong Kong) (BOCHK) on 9 May 2024. During the visit, they engaged in in-depth discussions with BOCHK’s Product and Risk Management teams about AIFT’s newly developed structural risk control models and FinTech application technologies. AIFT shared how cutting-edge AI models can bridge the gap in credit assessment for small and medium-sized enterprises (SMEs), addressing the exiting shortfall in financing services for SMEs. In current challenging economic environment, both parties have continued last year’s collaboration and reached further consensus on new collaborative directions in AI and FinTech, continuously promoting the development of new business products.

We extend our heartfelt thanks to InnoHK, the Innovation and Technology Commission, and the Government of the Hong Kong Special Administrative Region for their strong support of AIFT. With the support of BOCHK, and the active efforts and close cooperation of both teams, we firmly believe that we will build upon our existing successes and write new chapters of achievement.

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