On October 15 2025, OneConnect Financial Technology and its partner PAObank were selected for the Hong Kong Monetary Authority’s second cohort of the Generative Artificial Intelligence Sandbox, in partnership with Hong Kong Cyberport Management Company Limited. The sandbox provides a risk‑controlled environment for the two firms to refine and test their joint Anti‑Fraud Strategy Platform, which harnesses advanced AI to detect deepfake fraud and other synthetic‑identity threats.
The platform integrates more than 25 digital modules, including facial‑recognition, NFC multi‑country document verification, deepfake detection, and device‑risk assessment. According to the announcement, the system has achieved a 99 % success rate in defending against deepfake threats and has already served 214 enterprises across 21 countries and regions by mid‑2025. The sandbox will allow OneConnect to further validate and enhance these capabilities in real‑time, real‑world scenarios.
By gaining sandbox access, OneConnect strengthens its regulatory compliance profile and demonstrates its leadership in AI‑driven fraud prevention. The partnership with PAObank and the HKMA endorsement signal to the market that OneConnect’s solutions meet stringent regulatory standards, potentially accelerating adoption by other banks and insurers seeking robust, AI‑based risk controls. This development is a material regulatory milestone that could broaden OneConnect’s client base and reinforce its competitive moat in the fintech ecosystem.
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