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

Overview

Apollo Global Management warns of the possibility of a “new bank run by AI agents,” sparking discussion across Wall Street (Yahoo Finance, BeInCrypto). While the implementation of AI agents in various financial fields (settlement, insurance, advisory) is progressing simultaneously, concerns about risk management have also surfaced, resulting in a three-bank structure.

Bank trends

Apollo Global Management points out the possibility of an "agent-based bank run," and Wall Street giants warn that AI agents could cause a new type of bank run (Yahoo Finance, BeInCrypto). Bank of America raised its price target on Okta, citing "huge opportunity in AI" (thestreet.com). Goldman Sachs has analyzed that the disinflationary effects of AI are beginning to emerge and there is no need to wait until the midterm elections for a year-end rally (finance.biggo.com). In India, the Ministry of Finance is soliciting opinions from banks on the use of AI tools for loan recovery (The Economic Times).

Insurance trends

It has been pointed out that AI is driving up medical insurance costs (Digital Trends). Blue Cross reported that AI hospital coding has resulted in approximately $1 billion in additional costs (Pasquale Pillitteri). On the other hand, it has been suggested that AI and smart home technology can predict risks early and make home insurance cheaper (TechRadar). Policy issues with predictive AI have been pointed out in the group health insurance field (Financial Content).

Trends in asset management and market transactions

AI-driven stock price fluctuations are reigniting interest in dispersion trading among hedge funds (Bloomberg, Seeking Alpha). It was pointed out that the expansion of AI infrastructure investment is colliding with the "world of 5% interest rates" (The Dark Side Of The Boom). There was also an article comparing BlackRock-related AI papers as investment targets alongside crypto assets (TechBullion). Some analysis suggests that AI is changing the way clients choose advisors (WealthBriefing).

Fintech/payment trends

It was reported that retailers are rebuilding their payment infrastructure to support "agent-based commerce" (Forbes). Vietnam Airlines partners with AWS and Visa to accelerate AI transformation (konsulteer.com). Shopify is reported to have risen 51% from its 52-week low on the back of Agentic Commerce expansion (tikr.com). nCino adds an MCP layer to its mortgage suite that connects AI agents (The Fintech Times). In India, 19 startups (including fintech/AI) raised a total of $397 million between September 21st and 26th (instagram.com).

Remarks from key figures and authorities in the financial world

In this headline, there is no mention of specific statements or actions by the individuals being tracked, including Jamie Dimon, Larry Fink, Jane Fraser, David Solomon, Brian Moynihan, Ted Pick, Ken Griffin, and Paul Atkins. No notable movement.

Trends in AI-related stocks and funding

It was reported that AMD's valuation has reached $1 trillion, raising expectations for its AI business (Yahoo Finance). Concerns were also pointed out behind the bullish sentiment regarding AI-related stocks, and the stock was described as "whistling at the grave" (Seeking Alpha). Bill Gates reportedly warned that AI "could cause the deaths of a billion people" (LADbible). According to an analysis (The Business Times), market sentiment has suddenly changed from fear to greed, and turmoil is spreading in AI stocks. Startup funding in India (in multiple sectors, including AI) reached $397 million (instagram.com, supra).

Trends in financial regulation and supervision

It was reported that the SEC staff has expressed its opinion on the utility of the token (openpr.com). With the exception of this matter, there are no specific official AI-related responses by major authorities such as the Financial Services Agency, FCA, or FSB during this period that can be found in the headlines.

Integrated analysis: What is happening now

AI agents are rapidly being implemented in the payment, insurance, and advisory fields, and support for "agent-based commerce" is taking shape, as seen in the cases of Shopify, nCino, and Vietnam Airlines. On the other hand, as symbolized by Apollo Global Management's warning, concerns about the risk that AI agents pose to the stability of the financial system (speeding up bank runs) have emerged at the same time, and it can be seen that the spread of implementation and discussions on risk management are running parallel. In the insurance field, the increase in costs due to AI coding (Blue Cross) and the possibility of lower insurance premiums due to risk prediction (TechRadar) are contrasted, suggesting that the effects of AI introduction are polarized depending on the field and application. In the asset management field, AI-driven stock price fluctuations are encouraging capital inflows into a specific strategy called dispersion trading, and a unique feature is that market volatility itself is viewed as a new profit opportunity. The coexistence of AMD's $1 trillion valuation and skepticism toward AI stocks ("whistling at the graveside") indicates a market sentiment that is at odds with expectations for AI infrastructure investment and caution against overheating. On the regulatory front, other than a limited mention by the SEC, there have been no notable regulatory responses, and it is possible that discussions on implementation and risks have taken precedence, and the development of the regulatory framework has not caught up.

Future points of interest

- It will be interesting to see how other major financial institutions and regulatory authorities will react to the theory of ``agent-type bank runs'' raised by Apollo Global Management. - It is necessary to determine which direction the contradictory effects of increasing costs due to AI coding in the insurance field and lowering insurance premiums due to risk prediction will converge in the future. - With the expansion of valuations of AI-related stocks (such as AMD) and the market's skepticism, the direction of stock prices may be influenced by the next quarterly results and infrastructure investment trends.