Hong Kong Investment Corporation Ltd (HKIC) and fintech platform WeLab announced a strategic partnership to accelerate artificial intelligence (AI)-driven financial services, aiming to promote digital financial inclusion across Asia.
The collaboration will enable WeLab to expand its exploration of AI applications, including developing innovative AI agents tailored for the Hong Kong market and other regional markets, per the announcement.
These AI tools aim to offer personalized financial solutions that dynamically adapt to individual customer behaviors and needs, ultimately enhancing customer experience and operational efficiency.
Under the partnership, both parties have committed to proliferating AI adoption within financial services to cultivate innovation and talent development.
WeLab will actively provide training programs, workshops, and educational initiatives for secondary and university students to stimulate interest and understanding of fintech, nurturing a future-ready workforce.
The HKIC, wholly owned by the Hong Kong SAR Government, seeks to leverage this partnership to boost Hong Kong’s position as a global financial and technology innovation hub.
The corporation manages assets of HK$62 billion, with investments targeting technology sectors such as biotech, new energy, and green technology.
WeLab, a significant fintech entity in Asia, already boasts a strong presence in Hong Kong, Mainland China, and Indonesia, serving over 70 million individual users and over 700 enterprises.
Its Indonesian digital bank, Bank Saqu, secured more than two million customers within its first year, highlighting the rapid growth potential of digital financial services in the region.
WeLab aims to reach 500 million users with AI-powered financial services by 2032, expanding its digital banking footprint, particularly in Thailand.
The partnership launch coincided with a fintech summit attended by prominent regional financial leaders, emphasizing Hong Kong’s strategic role in fostering AI-driven financial innovation.