HKMA deputy chief executive Arthur Yuen said that enhancing employees’ skills would allow them to “coexist with technology in the AI era.”
As artificial intelligence (AI) continues to advance, Hong Kong’s central bank is actively assessing its potential impact on banking professionals.
On May 23, the Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, urged financial institutions to plan manpower development and training strategies as AI’s effects started to be felt within the banking space.
HKMA deputy chief executive Arthur Yuen said that some financial institutions have already re-skilled their staff for new roles in preparation for technological advancements.