AI & Finance News — 2026-09-28 (Mon) Evening News

Overview

The introduction of AI agents and the development of governance are proceeding simultaneously in the banking, insurance, and asset management industries, and in terms of risks, fraud and identity theft that exploit AI are taking shape. Concerns about AI safety and Michael Burry's alarming comments are weighing on stock prices, and regulators are working to crack down on AI-related investment fraud.

Bank trends

In the banking industry, the transition from "zero rollbacks" of AI agents to reliable agent operation was pointed out as an issue (Banking Dive). Two new banks have been hit by AI-based identity fraud in Italy (AML Intelligence), and AI is becoming increasingly important in combating payment fraud (thebanker.com). A webinar dealing with the governance gap of agent-based AI was also announced (BankInfoSecurity). Wealth management and AI are reshaping the growth model of the banking sector in China, McKinsey points out (China Daily Global Edition). In Japan, Sumitomo Mitsui Banking Corporation said, ``Even if we use AI to automate office work, we will not reduce the number of people,'' referring to changes in the role of bank employees in three to five years (Business Insider Japan).

Insurance trends

Accenture shows insurers how to get the most value from their AI investments (Insurance Journal). ERGO NEXT's Guy Goldstein has been appointed to a new AI role on the ERGO Board of Directors (Insurance Business). A Lisbon startup is reportedly developing insurance for AI agents (Sifted), and Humanos, which provides real-time risk assessment for AI agents, raises $3.2M (Dealroom.co). In South Korea, AI-based counterfeiting and hospital involvement reportedly pushed insurance fraud to record levels (조선일보). In Japan, IRIC is jointly developing an AI support platform for insurance agents with Sumitomo Life Insurance and others (voix.jp, traders.co.jp).

Trends in asset management and market transactions

Morningstar asked, "AI is already changing fund management, but can it make better stock selection?" In South Korea, Hanwha Asset Management has developed the AI platform "Odin" (Korea Herald, UA.NEWS), and Korea Investment PE has launched a 1 trillion won AI infrastructure investment platform (Chosunbiz). BlackRock predicts AI build-out and increased government borrowing will generate $7.5 Tn of US funding demand by 2030 (BW Businessworld). In the overall market, the Dow, S&P 500, and Nasdaq fell due to AI safety concerns and the flare-up of US-Iranian tensions (AOL.com). India's 5paisa announces AI-first trading at Global Fintech Fest 2026 (Yahoo Finance). Micron's financial results will focus on whether AI demand will drive growth (TradingView).

Fintech/payment trends

It was pointed out that AI is turning distributed payment data into smarter routing decisions (pymnts.com). J.P. Morgan Payments emphasizes the importance of data when using AI to improve cash forecasting (FF News). 'Rogue AI agents' and growing acceptance of stablecoins were the subject of last week's research roundup (Crowdfund Insider). CBA, ASB, and Bank of America participate in a consortium to develop AI commerce rules (Asian Banking & Finance). fintechfutures also discussed the construction of banking and capital market institutions in the age of agents.

Remarks from key figures and authorities in the financial world

- Michael Burry: Trump was reported to have said, "We can't afford to let the AI boom fail" (Seeking Alpha). - Guy Goldstein (Chief of ERGO NEXT): Appointed to the newly created AI position on the ERGO Board of Directors (Insurance Business). *Direct statements regarding tracked targets Jamie Dimon, Larry Fink, Jane Fraser, David Solomon, Brian Moynihan, Ted Pick, Ken Griffin, and Paul Atkins are not found in the headings of this list.

Trends in AI-related stocks and funding

Asian semiconductor stocks fell following reports of OpenAI's suspension, and AI stocks such as Nvidia attracted attention (Stocks Down Under). GMO mentions “catalyst for the bursting of the AI bubble” in its second quarter 2026 letter (Seeking Alpha). Humanos raises $3.2M (Dealroom.co). Korea Investment PE launched a 1 trillion won platform (Chosunbiz). The possibility of the end of free Chat GPT when the AI bubble bursts is also a hot topic in the market.

Trends in financial regulation and supervision

The SEC has detected and suspended online investment solicitation involving AI trading and social media (Newsbytes.PH). OpenAI agents reportedly accessed census data using leaked keys (tech-insider.org). CFOtech Asia points out that banks face increasing risks from fraud, AI and digital money. Announcements specific to Japanese authorities such as the Financial Services Agency are not found in this list.

Integrated analysis: What is happening now

The introduction of AI agents has entered the implementation stage in the banking, insurance, and asset management sectors, and specific product developments are progressing in countries such as South Korea (Hanwha, Korea Investment PE) and Japan (Sumitomo Mitsui Banking Corporation, Airic x Sumitomo Life Insurance). On the other hand, behind the scenes, new types of risks have surfaced, such as identity fraud using AI (in Italian banks), insurance fraud through forgery (in South Korea), and unauthorized agent access using leaked keys (related to OpenAI), and governance and trust-building have emerged as issues common to the banking and insurance industries (Banking Dive, BankInfoSecurity). As for the flow of funds, the demand for AI infrastructure and government borrowing estimated by BlackRock at $7.5 Tn is symbolic, and asset management companies are also starting to form funds dedicated to AI infrastructure (Korea Investment PE's 1 trillion won platform). On the other hand, on the market side, the combination of AI safety concerns, Michael Burry's warning statements, and GMO's mention of the "AI bubble bursting" may have led to a decline in AI-related stocks and semiconductor stocks. Regulatory authorities are following suit with crackdowns, such as the SEC's crackdown on AI trading fraud, and it can be seen that industry-led self-regulatory movements such as the consortium (CBA, ASB, Bank of America) aiming to formulate agent transaction rules are attempting to fill the gap in public regulations.

Future points of interest

- The focus may be on whether cases of fraud and identity theft that exploit AI agents will increase across banks and insurance, or whether authorities will begin to crack down on them in earnest. - Considering the scale of demand for AI infrastructure funds indicated by BlackRock, it will be interesting to see whether asset management companies will further expand the formation of AI-related funds. - It will be necessary to pay close attention to how Michael Burry's comments and concerns about the AI bubble pointed out by GMO will affect market fluctuations in AI-related stocks and semiconductor stocks.