The Zhitong Finance App learned that PricewaterhouseCoopers announced that it has joined the “Agentic Finance Expert Group” (Agentic Finance Expert Group) set up by the Hong Kong Monetary Authority. As part of the SAGE project, this panel of experts aims to provide an open, collaborative and innovative platform for the industry to exchange opinions and jointly shape the future development of agency finance.

PwC Digital Asset Managing Partner Peter Brewin will represent the firm in the expert panel. He said that as individual institutions begin to use artificial intelligence agents to interact with external stakeholders, this not only brings huge opportunities, but also creates new and emerging risks. This will affect all market participants, including banks, payment service providers, merchants, businesses, and even insurance companies — that is, every group involved in the transaction. We look forward to working with regulators and industry colleagues to find solutions and establish a new risk, governance and control environment to build trust in the field of agency finance.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.