PAObank and OneConnect Financial Technology Join HKMA's Second Cohort of GenA.I. Sandbox to Enhance Deepfake Fraud Detection
Rhea-AI Summary
PAObank and OneConnect Financial Technology (OCFT) were selected for the HKMA's second GenA.I. Sandbox on Oct 15, 2025 to pilot an "Anti-Fraud Strategy Platform" focused on deepfake detection.
The platform uses AI-powered real-time facial recognition and deepfake detection to verify selfies, strengthen fraud investigations, and improve customer protection within a risk-controlled sandbox. OneConnect reports a 99% success rate defending against deepfake threats. Ping An data cited: 3.2 trillion textual points, 7.5 billion images, deployment in 650 scenarios and 818 million AI calls by June 2025.
Positive
- HKMA sandbox participation on Oct 15, 2025
- 99% claimed deepfake-defense success rate
- Ping An deployed models in 650 business scenarios by June 2025
- 818 million AI usage calls in H1 2025
- Ping An datasets: 3.2 trillion textual points and 7.5 billion images
Negative
- None.
Insights
Joining HKMA's GenA.I. Sandbox strengthens PAObank and OneConnect's anti-deepfake controls and validates a scalable eKYC tool for regulated banking.
PAObank and OneConnect entered the HKMA GenA.I. Sandbox on
The main near‑term dependency is the sandbox's risk‑controlled environment, where the partners will test and tune detection in realistic but constrained settings. The disclosed large data assets—around 247 million individual customers and over 3.2 trillion textual data points at the Group level—and prior deployment scale (large model calls in 650+ business scenarios by
Watch for published sandbox outcomes, measurable detection metrics (false‑positive and false‑negative rates), and any HKMA guidance or approval milestones; these items will surface short‑term evidence of effectiveness. Also observe integration into PAObank's live channels and any disclosed operational metrics such as reductions in fraud losses or changes in processing speed in subsequent quarterly updates.
Within the risk-controlled environment of the sandbox, PAObank and OneConnect will refine the platform's ability to identify deepfake technologies. Using cutting-edge AI-powered facial recognition, the platform will verify user selfies in real time, identifying faces that are forged or synthetically generated. This capability will help detect and prevent fraudulent activities, strengthening the bank's defenses and risk controls.
Mr. Haibin Lin, Chief Technology Officer of PAObank said, "We are proud to join the second cohort of HKMA's GenA.I. Sandbox, working closely with industry peers and regulators to responsibly explore the potential of GenA.I.. Thanks to the innovative technological solutions provided by Ping An Group and OneConnect, PAObank has advanced its AI applications, enhancing operational efficiency and productivity. The experience we gain from this initiative will strengthen the industry's ability to combat deepfake fraud and we are committed to sharing our findings to support wider adoption of GenA.I. technologies across banking industry."
Ping An's AI Leadership and Impact
Ping An has long committed to pioneering research and development, building powerful AI capabilities that fuel innovations across the Group and its subsidiaries. Serving around 247 million individual customers and over 4 million corporate clients, Ping An leverages vast data resources as a foundation of AI-driven value. By June 2025, the Group amassed over 3.2 trillion textual data points, 310,000 hours of annotated audio data, and more than 7.5 billion images. In the first half of 2025 alone, Ping An deployed large AI models in over 650 business scenarios, with 818 million usage calls, delivering measurable improvements in service efficiency, cost reduction, risk mitigation, and intelligent sales. Notable examples include:
94% of life insurance policies underwritten within seconds.- AI-assisted customer service handling
80% of inquiries. RMB 6.44 billion saved in property insurance through fraud prevention and claims management.RMB 66.157 billion generated via AI-powered sales.
OneConnect's Cutting-Edge Anti-Fraud Solution
As Ping An's exclusive FinTech export platform, OneConnect leverages over 30 years of Ping An's financial expertise and proprietary R&D. Its AI-powered anti-fraud solution integrates more than 25 digital modules, covering facial recognition, NFC multi-country document verification, deepfake detection, and device risk assessment. This platform excels at analyzing AI-generated images and detecting sophisticated threats like adversarial face-swapping and fake videos. Fully aligned with the HKMA's e-banking security ABCD framework, it shines in the "Anti-Deepfake" category, with a remarkable
Our Vision Forward
Ping An remains dedicated to its technology-enabled "integrated finance + health and senior care" dual-driver strategy, driving digital transformation through innovation. PAObank will continue to tap into the Group's technological strengths, enhancing AI applications in risk management, product development, and daily operations to deliver a seamless and secure banking experience as a leading digital bank. Meanwhile, OneConnect will deepen its "business + technology" expertise, reinforcing its role as a trusted partner in digital transformation.
About Ping An Group
Ping An Insurance (Group) Company of China, Ltd. (HKEX:2318 / 82318; SSE:601318) is one of the largest financial services companies in the world. It strives to become a world-leading provider of integrated finance, health and senior care services. Under the technology-driven "integrated finance + health and senior care" strategy, the Group provides professional "financial advisory, family doctor, and senior care concierge" services to its nearly 247 million retail customers. Ping An advances intelligent digital transformation and employs technologies to improve financial businesses' quality and efficiency and enhance risk management. The Group is listed on the stock exchanges in
For more information, please visit www.group.pingan.com and follow us on LinkedIn - PING AN.
About PAO Bank Limited
PAO Bank Limited ("PAObank"), a wholly-owned subsidiary of Lufax Holding Ltd ("Lufax") (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. ("Ping An") (SEHK:2318; SSE:601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via virtual channels. PAObank is expanding diverse business segments including retail banking and SME banking.
For more information, please visit https://www.paob.com.hk/
About OneConnect Financial Technology Co.Ltd
OneConnect Financial Technology Co. Ltd. ("OneConnect"; SEHK:6638; NYSE:OCFT) is a Technology-as-a-Service provider for financial institutions. OneConnect is an associate of Ping An Insurance Company of China. By leveraging Ping An Group's over 30 years of extensive experience in financial services and research capabilities, OneConnect has established long-term cooperation with financial institutions to address their needs of digital transformation. The integrated solutions and platform the Company provide include Digital Banking, Digital Insurance and Gamma Platform, which is a technology infrastructure platform for financial institutions. With our unique competence in "technology + business", we enable our customers' digital transformations, which help them improve efficiency, enhance service quality and reduce costs and risks.
View original content:https://www.prnewswire.com/news-releases/paobank-and-oneconnect-financial-technology-join-hkmas-second-cohort-of-genai-sandbox-to-enhance-deepfake-fraud-detection-302584611.html
SOURCE Ping An Insurance (Group) Company of China, Ltd.
FAQ
What did OneConnect (OCFT) and PAObank announce on October 15, 2025?
How effective is OneConnect's anti-deepfake solution mentioned in the Oct 15, 2025 announcement?
What specific AI capabilities will OCFT and PAObank test in the HKMA GenA.I. Sandbox?
Does the Oct 15, 2025 release state how Ping An's data supports OCFT's solution?
Will the HKMA sandbox work affect customer protection for PAObank clients?
