A study found that using AI chatbots can increase confidence in answers, while actual judgment accuracy depends heavily on the quality of information provided. The research, presented at an annual governance and culture reform conference of the New York Fed, drew attention in finance as a new risk to organizational culture and internal controls as AI spreads. Experiments showed participants often followed AI answers regardless of their validity and that response style could shift investment choices.

Shinhan Financial Group said on Monday it will expand cooperation with Digital Asset and the Canton Foundation in tokenised finance and digital asset infrastructure. The group said it met Digital Asset co-founder and CEO Yuval Rooz and Canton Foundation head Vibh Dewakar at its headquarters in central Seoul to discuss group-wide cooperation. Shinhan Financial outlined steps including an MOU with the foundation, strategic equity investments, and approval for a unit as a Canton Network super validator.