The Hong Kong Science and Technology Parks Corporation (HKSTP) and Hang Seng Bank (Hang Seng) jointly announced the two winning companies of the "Bank of the Future Living Lab" program on August 6, 2026. The program aims to provide technology companies with a real operational environment based on Hang Seng's business scenarios to test and optimize innovative solutions, and to assess their application potential in retail and commercial banking, thereby promoting the digital transformation of Hong Kong's financial services.
Program Background and Participating Companies
The "Bank of the Future Living Lab" program was launched in April 2026 and attracted 26 technology companies from the HKSTP innovation ecosystem to participate. After initial selection, four shortlisted companies showcased their innovative solutions on the program's Demo Day. Ultimately, Hong Kong Xiang Tai Rui Feng Technology Co., Ltd. and Wanxiang Technology Co., Ltd. were selected as the winners based on the potential of their solutions.
Win-Win Cooperation to Promote Intelligent Financial Services
HKSTP's Chief Innovation and Technology Ecosystem Development Officer, Ko Chi-seng, stated that this collaboration not only provides technology companies in the park with opportunities to implement their R&D results but also assists Hang Seng Bank in exploring more business growth points, achieving a win-win situation. He hopes that through this program, the widespread application of AI technology in the banking industry will be promoted, advancing Hong Kong's financial services towards intelligence.
Hang Seng Bank's Chief Information Officer, Chai Yat-man, noted that AI is driving a transformation in service models, with both customers and businesses expecting faster, more personalized, and more secure experiences. Through collaboration with HKSTP, Hang Seng Bank can test and validate innovative solutions in real business scenarios, accelerating the transition from prototypes to scalable applications.
Future Outlook
Since its initial launch in June 2022, the "Living Lab" program has combined Hang Seng's market insights and operational experience with HKSTP's innovation ecosystem and technology talent network, assisting innovative solutions in progressing from concept to a mature stage that can be applied and expanded in real scenarios. This collaboration not only strengthens the "from innovation to adoption" flywheel effect in Hong Kong but also provides local technology companies with a platform for industry recognition and validation, enhancing Hong Kong's overall digital competitiveness.
TechRitual 企業科技編輯部（香港）。biz.techritual.com 的外語版本由繁體中文原文翻譯。
