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Hong Kong-based iCOMPASS, creator of the AI-powered Compliance Operating System ULTRA™, unveiled KY-AI™, a new platform designed for AI governance in the Hong Kong banking sector during Hong Kong FinTech Week 2026. The introduction comes in the wake of the Hong Kong Monetary Authority's (HKMA) ART Framework, which emphasizes accountability, operational resilience, and trust in AI-driven banking.

As financial institutions increasingly rely on AI tools for sensitive data analysis and decision-making, the need for robust governance becomes paramount. KY-AI™ introduces a continuous, evidence-based governance process centered around its Know–Approve–Test–Watch lifecycle. This framework enables institutions to identify and comprehend AI systems, assess risks, establish clear accountability, and ensure ongoing monitoring.

By tracking material changes and detecting emerging risks, KY-AI™ transforms AI oversight from a one-time assessment to an ongoing process that enhances accountability and trust in AI outcomes. iCOMPASS CEO Raymond Moh emphasized the importance of understanding AI systems as much as understanding customers, stating that KY-AI™ applies the same discipline to AI governance.

The platform builds on iCOMPASS's 6-in-1 ULTRA KYC™ solution, which integrates customer onboarding, identity verification, screening, customer due diligence, risk assessment, ongoing monitoring, and change management. iCOMPASS is also partnering with Cambridge Advisers Hong Kong under a Memorandum of Understanding to provide digital compliance training through UltraLearn™.

The collaboration aims to deliver regulatory training content and leverage iCOMPASS's AI-powered learning platform, UltraLearn™, which includes course records, assessments, reminders, and CPT tracking. Courses cover AML, cybersecurity, data protection, and professional conduct. With over 100 financial institutions across the region and ISO/IEC 27001:2022 certification, iCOMPASS will showcase its innovations at Hong Kong FinTech Week 2026, November 2-3, at Hall 5BC, Hong Kong Convention and Exhibition Centre.