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Date: 9 January 2024

Promoting Ethical and Responsible Use of AI – Privacy Commissioner Publishes an Article in Banking Today

The Privacy Commissioner for Personal Data (Privacy Commissioner), Ms Ada CHUNG Lai-ling, published an article entitled “AI and Ethics: Ensuring the Responsible Use of Generative AI in Banking” in Banking Today, a bi-monthly journal of the Hong Kong Institute of Bankers, where she outlined the potential benefits of generative AI on the banking industry, analysed the technology’s associated privacy and ethical risks, and introduced the evolving regulatory landscape of AI.

In the article, the Privacy Commissioner pointed out that her Office published the “Guidance on the Ethical Development and Use of Artificial Intelligence” in August 2021 to help organisations develop and use AI systems in a privacy-friendly and ethical manner.

She called on practitioners in the banking industry to collaboratively craft a proper regulatory framework and establish norms to enable the development and use of AI in a privacy-friendly and ethical manner.

Please click here to read the article.