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Finance
Financial innovation and bespoke finance accelerate amid Middle East risk
Geopolitical risk from the Middle East is shaking monetary and financial policy, with the Bank of Korea holding its policy rate at 2.50 percent for a seventh straight meeting. Governor Rhee Chang-yong warned stagflation cannot be ruled out depending on developments. Financial authorities are expanding support by 26.8 trillion won and boosting contributions and small loans for vulnerable groups. Banks are testing new credit-scoring models for small merchants and firms are widening AI- and platform-based services.
AI & Enterprise
Finance service developers test Amazon AI coding tool Kiro to fix outages
Amazon Web Services on April 10 held an AI-focused hackathon for finance industry participants, AWS GameDay 2026 for financial companies. KakaoBank’s Kiki404 team won for a second straight year. The competition used scenario-based missions in a sandbox environment, including application outage recovery and modernising legacy Java code. Participants used Amazon Q Developer and Kiro. A total of 96 people from 24 financial firms took part.
AI & Enterprise
For now, cloud AI is the answer even for finance as AI advances fast
No Kyung-hoon (노경훈), head of financial business at Amazon Web Services Korea, said there are no technical or regulatory problems with using cloud in finance and that AI will accelerate cloud adoption. He said building AI infrastructure in internal data centres can become a burden as AI changes quickly and new technology may be hard to use on existing systems. He cited a survey of about 150 firms showing around 60 percent use or plan cloud because of AI.
