Singapore, 3rd June, 2025 – A recent survey by FAIT, a leader in AI-Driven Integration (ADI), reveals that most financial institutions are still relying on manual methods like spreadsheets and scripts to prepare for the Hong Kong Monetary Authority’s (HKMA) upcoming regulatory trade reporting rewrite. At the same time, a clear shift is underway toward AI-Driven Mapping (ADM).
Nearly two-thirds of respondents said they are still planning or implementing the rewrite. Some were unsure of their detailed readiness status. Fewer than half of firms report being ready for production. Even among firms further along, 64.3% still rely on manual spreadsheets or basic scripts for data mapping and transformation.
Notably, none of the firms surveyed have yet achieved AI-based mapping in production — though many are moving quickly in that direction. Nearly 80% of respondents express interest in AI or are actively evaluating AI-based solutions for mapping and transformation. Moreover, around one-third are already in active evaluation, positioning themselves to benefit from early adoption.
“These results show both a gap in readiness and a tipping point in mindset,” said Aaron Hallmark, CEO of FAIT. “AI-Driven Mapping isn’t just a concept. It’s emerging as a competitive edge for firms looking to modernize and accelerate their compliance workflows.”
These findings come at a critical time for Asia-Pacific institutions preparing for the HKMA’s trade reporting rewrite, which takes effect on 29 September 2025. The update mandates stricter validation, the adoption of complex ISO 20022 message formats, standardized identifiers like UTI and UPI, and an expanded set of critical data elements (CDE). These changes demand exceptional data quality, integration speed, and architectural flexibility.
FAIT conducted the survey in conjunction with its webinar on “AI and the HKMA Rewrite.” The session featured regulatory insights from Josephine Chung and compliance implementation lessons from Neil Fletcher. Finally, Hallmark concluded with a live demo of FAIT’s AI-driven mapping platform.
About FAIT
FAIT is an enterprise SaaS platform that uses generative AI to automate business analysis, integration logic, and deployment workflows. By combining AI-driven mapping with automated runtime execution, FAIT accelerates complex data integrations by orders of magnitude—reducing time, cost, and human error. Founded by veterans of enterprise financial technology, FAIT is headquartered in Singapore and serves clients across the APAC region and beyond. Learn more at fait.ai.
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