HKMA Launches Project SAGE for Agentic Finance, Forms Expert Panel
PANews, November 2: The Hong Kong Monetary Authority announced today the launch of Project SAGE to promote the responsible development and application of agentic finance in Hong Kong, and concurrently established an Agentic Finance Expert Panel whose members come from financial institutions, technology service providers, professional services firms and academia. Project SAGE focuses on four areas: first, exploring B2C (agentic shopping, everyday payments), B2B (procurement, treasury management) and M2M (paying for digital services on a usage basis) use cases; second, studying agent identity verification mechanisms such as "Know Your Agent (KYA)"; third, promoting discussion on interoperability standards; fourth, examining legal and regulatory issues such as governance arrangements, legal liability and consumer protection.
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