Hong Kong – Consumer protection principles for big data analytics from the HKMA

The HKMA has recently published some guiding principles on consumer protection aspects in respect of the use of big data analytics and artificial intelligence (BDAI).  The guidance is based on industry feedback, and on the “Updated Effective Approaches for Financial Consumer Protection in the Digital Age” promulgated by the OECD. This latest circular follows hot on the heels of the HKMA’s publication of high level principles to be taken into account when designing and adopting their artificial