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Applied Research

SSRN (August 2021)

SSRN (August 2021)

LITE Lab's Brian Tang is currently in the top 10% of Authors on SSRN by all-time downloads

Artificial Intelligence

Asia Tech

Distributed Ledger Tech

Fintech

Lawtech

Regtech

Artificial Intelligence

This article develops a framework for understanding and addressing the increasing role of artificial intelligence (‘AI’) in finance. It focuses on human responsibility as central to addressing the AI ‘black box’ problem — that is, the risk of an AI producing undesirable results that are unrecognised or unanticipated due to people’s difficulties in understanding the internal workings of an AI or as a result of the AI’s independent operation outside human supervision or involvement. 

After mapping the various use cases of AI in finance and explaining its rapid development, we highlight the range of potential issues and regulatory challenges concerning financial services AI and the tools available to address them. We argue that the most effective regulatory approaches to addressing the role of AI in finance bring humans into the loop through personal responsibility regimes, thus eliminating the black box argument as a defence to responsibility and legal liability for AI operations and decisions.

Click here to access the full article.

Finance has become one of the most globalized and digitized sectors of the economy. It is also one of the most regulated of sectors, especially since the 2008 Global Financial Crisis. Globalization, digitization and money are propelling AI in finance forward at an ever increasing pace.

This paper develops a regulatory roadmap for understanding and addressing the increasing role of AI in finance, focusing on human responsibility: the idea of “putting the human in the loop” in order in particular to address “black box” issues.

Reflecting the rapid evolution of artificial intelligence (AI), its use in the financial services sector and growing regulatory scrutiny, the FinTech Association of Hong Kong (FTAHK), in collaboration with LITE Lab@HKU, has responded to the International Organization Of Securities Commission’s (IOSCO) consultation report on the use of artificial intelligence and machine learning by market intermediaries and asset managers.

The response strongly agrees with IOSCO that the use of AI and ML by market intermediaries and asset management firms creates novel opportunities and risks, with an overall need to foster trust in AI and financial markets. We believe that such risks should be appropriately mitigated by proportionate regulation that continues to foster responsible innovation in a way that promotes market integrity, fairness and investor protection, financial stability, competition and innovation. It should also support financial inclusion and combat financial crime.

The AI Book: The Artificial Intelligence Handbook for Investors, Entrepreneurs and FinTech Visionaries (S. Chishti, I. Bartoletti, A. Leslie and S.M. Millie, Wiley, 2020)

LITE Lab's Brian Tang authored chapter in The AI Book: The Artificial Intelligence Handbook for Investors, Entrepreneurs and FinTech Visionaries

LITE Lab’s Brian Tang is author of chapter on “Independent AI Ethics Committees and ESG Corporate Reporting on AI as Emerging Corporate & AI Governance Trends”.

Buy a copy here on Amazon.

xAI Conference

LITE Lab's Brian Tang joins panel on Trust, Transparency and Ethics (Dec 2020)

LITE Lab's Brian Tang joins fellow The AI Book authors Patricia Shaw (CEO, Beyond Reach Consulting) and Ivana Bartoletti (Technical director, Privacy, Deloitte and co-founder, Women Leading in AI Network) on panel on Trust, Transparency and Ethics at xAI Conference.

Asia Tech

LITE Lab's Brian Tang chairs panel on Regulating the Data Economy at Institute for Tech Law & Policy Georgetown Law

Panellists including Brian W. Tang, Founding Executive Director, LITE Lab@HKU, The University of Hong Kong, Peter Yu, Professor at Texas A&M University

Distributed Ledger Tech

LITE Lab's Brian Tang speaks at Hong Kong Blockchain on Compliance and Law: Philosophy of Decentralised World (Nov 2020)

Hong Kong Blockchain Week 2020 / Block O2O Global Virtual Summit

Panel: Compliance & Law: Philosophy of Decentralised World

Speakers: - Benjamin Zemmour, Business Manager, Scorechain - Brian Tang, LITE Lab, HKU & Founder, Asia Capital Markets Institute (ACMI) - Dr. Guenther Dobrauz, Partner, PwC Legal Switzerland - Joshua Ashley Klayman, U.S. Head of FinTech / Head of Blockchain and -Digital Assets / Global Tech Sector Co-Head, Linklaters LPP - Prof. Michael Sung, Co-Director, The Fundan Fanhal FinTech Research Center Moderator: Gordon Einstein, partner, Crypto Law Partners

LITE Lab hosts LegalRegtechHack - Smart Legal Contract Challenge (March 2019)​

Hosted at iDendron, this Challenge is organised by LITE Lab@HKU in conjunction with host iDendronACMI and Legal Hackers Hong Kong, together with AIIFLHKU Law & Technology Centre and HKU Department of Computer Science, and is part of the worldwide Computational Law and Blockchain Festival 2019.

Participants of the Smart Legal Contract challenge work in teams to creatively hack to improve private sector legal service delivery and public benefit and share their creations at the end of the day.  

LITE Lab's Brian Tang organises Blockchain Policy & Innovation Panel in conjunction with Computational Law & Blockchain Festival (March 2018)

The first international Computational Law & Blockchain Festival (#clbfest2018) is a three-day global event coordinated by Legal Hackers, bringing together coders, designers, lawyers, policymakers, researchers, and students to co-create the future of law, legal practice, and policy. 

Lined up for #clbfest2018's agenda was the Blockchain Policy and Innovation Panel, with Brian Tang moderating a distinguished three-member panel (Henry Chang, HKMA Senior Manager, Hugh Madden (ANX International Chief Technology Officer & Pindar Wong, VeriFi Chairman).

The session was featured in Stanford Journal of Blockchain Law & Policy - Hong Kong Node.

LITE Lab's Brian Tang speaks at HKU Blockchain Club's panel on students staying ahead of the game

Panel Discussion

Panel discussion between Brian Tang , Dr. Paul Sin (Consulting Partner, Deloitte China) and Professor Ricky Kwok (VP of Teaching and Learning at HKU)

Fintech

DigFin responds to LITE Lab@HKU and FTAHK’s White Paper in relation to importance of Fintech on ESG

November 24, 2021

LITE Lab’s Brian Tang quoted in The Fintech Times on “Covid-19 Catalysing the Rapid Growth of Asia Pacific Regtech Sector”

June 25, 2021

LITE Lab’s Brian Tang as a speaker at Anti-Financial Crime FinTech Summit

June 15, 2021

Asia Law Portal’s interview with LITE Lab’s Brian Tang on the future of legal innovation in Asia

May 10, 2021

Taipei International Fintech Forum 2020

October 28, 2020

Global COVID-19 FinTech Market Rapid Assessment Study

August 12, 2020

信報:不再紙上談兵的可持續發展

June 16, 2015

LITE Lab’s Brian Tang is a principal instructor in edX Fintech course, which now has 100K learners

August 10, 2021

HKU-SCF Fintech Academy (with its affiliated LITE Lab) and Standard Chartered Bank’s TradePro machine-learning model mentioned in Trade Financial Global

March 17, 2021

LITE Lab’s Brian Tang elected to Board of Fintech Association of Hong Kong

March 10, 2021

LITE Lab’s Brian Tang on Global FinTech Network (Byte-Sized Podcast): RegTech as FinTech’s Secret Sauce

November 11, 2020

LITE Lab in HKU Fintech Index Series Launch with a Press Conference

November 8, 2020

LITE Lab’s Brian Tang speaks at HKU FinTech Day 2020

November 3, 2020

LITE Lab: BIS Innovation Hub and the Hong Kong Monetary Authority announce TechChallenge winners

November 2, 2020

LITE Lab’s Brian Tang invited as a speaker and mentor at the MIT Innovation Node’s Entrepreneurship and FinTech Integrator (MEFTI)

August 28, 2020

LITE Lab is an affiliated lab under HKU-Standard Chartered Foundation Fintech Academy, which is announced establishment by HKU and Standard Chartered Foundation

April 1, 2020

LITE Lab and Fintech Association of Hong Kong submit joint response to IOSCO Consultation on AI use

October 30, 2020

LITE Lab is one of survey partners of Cambridge Global COVID-19 FinTech Market Rapid Assessment Survey

December 3, 2020

LITE Lab in HKU FinTech Index Series

November 8, 2019

LITE Lab's Brian Tang on RegTech as FinTech's Secret Sauce Bite-sized Podcast (Nov 2020)

LITE Lab's Brian Tang spoke on student-led Global Fintech Network Fintech: Byte-Sized podcast on Regtech as Fintech's Secret Sauce.

HKU FinTech Day @ Hong Kong FinTech Education Week (2017 Oct)

Hong Kong FinTech Education Week

Regtech

FinTech Association of Hong Kong Launches Green Finance and RegTech White Paper 

Hong Kong – 3 November 2021 – The FinTech Association of Hong Kong has today launched a new white paper, “Our Changing Climate: Applying RegTech to Green Finance” in conjunction with the Law, Innovation, Technology & Entrepreneurship Lab at the University of Hong Kong. The report has been released to coincide with Hong Kong Fintech Week 2021 and COP26, and aims to help demystify the ESG and sustainable finance landscape at a critical time for financial services.

The RegTech Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries (Wiley, 2020)

LITE Lab's Brian Tang authored chapter in The RegTech Book: Forging a Responsibility and Liability Framework in the AI Era for RegTech

LITE Lab’s Brian Tang authored chapter in The RegTech Book on “Forging a Responsibility and Liability Framework in the AI Era for RegTech”.

Buy a copy here on Amazon.

LITE Lab's Brian Tang spoke on Know Your Customer's RegTalks Podcast (August 2021)

LITE Lab's Brian Tang spoke on regtech startup's Know Your Customer's. RegTech Podcast with CEO Claus Christenson.

LITE Lab's Brian Tang on RegTech as FinTech's Secret Sauce Bite-sized Podcast (Nov 2020)

LITE Lab's Brian Tang spoke on student-led Global Fintech Network Fintech: Byte-Sized podcast on Regtech as Fintech's Secret Sauce.

LITE Lab's Brian Tang speaks at IP Academy and Skolkovo LegalTech conference (In Russian) (October 2020)

Distant & Digital: COVID-19 - A Trigger for Mindset, Policy and Infrastructure Changes

LITE Lab co-organised and hosted World RegTech Summit in conjunction with Hong Kong Fintech Week 2019​

LITE Lab co-organised and hosted World RegTech Summit in conjunction with Hong Kong Fintech Week, which featured the Hong Kong Book Launch of The RegTech Book (Wiley)

APAC RegTech Network

On May 30, 2019, the RegTech Committees of each of the Fintech Association of Hong Kong (FTAHK), Fintech Association of Japan (FTJ) and Singapore Fintech Association (SFA) have established the APAC RegTech Network to foster greater collaboration to grow regtech education and implementation across APAC.

LITE Lab's Brian Tang is the Co-Chair of the Fintech Association of Hong Kong and driving force behind the creation of APAC RegTech Network.

RegTech Live!: Artificial Intelligence hosted by Hong Kong Fintech Association (2019)

FTAHK's Regtech Committee hosts it's 2nd RegTech Live! event, this time focussed on AI solutions. LITE Lab's Brian Tang is co-chair of FTAHK's regtech committee.

Inaugural RegTech Live!: KYC and AML hosted by HK Fintech Association (2018)

The inaugural RegTechLive! (2018) hosted by the Hong Kong Fintech Association focussed on technologies from RegTech 100 companies to address KYC and AML concerns. 

LITE Lab's Brian Tang is co-chair of the FTAHK's regtech committee.

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