According to Sing Tao Daily, Microsoft said it has assisted a number of Hong Kong financial institutions in introducing AI-driven financial technology into their work, with specific application areas including regulatory compliance, customer service, and insurance pricing and underwriting. According to Microsoft Hong Kong and Macau General Manager Shanshan Chan, 800 of Microsoft's 3,900 startup partners in Hong Kong are financial technology companies.
In addition, Microsoft cooperated with virtual bank livi bank and virtual insurance company OneDegree in March and June respectively to help these financial institutions use AI to improve work efficiency and customer experience. Previously, Microsoft also teamed up with Shenzhen technology company Sifang Jingchuang to jointly launch an AI-driven compliance application platform and a Web3.0 platform with the Bank of East Asia. The former can automatically collect compliance data and related document records, and the latter can be used to Simplify the digital currency usage experience.