Search results for internal control
AI & Enterprise
BNK Financial pushes groupwide AI system adoption, picks Samsung SDS as preferred bidder
BNK Financial Group is seeking to build a groupwide generative AI platform shared by all affiliates to reduce duplicated investment and manage risks from applying AI to financial tasks. The group has selected Samsung SDS as the preferred bidder and is negotiating details. BNK plans to roll out generative AI functions in internal rules and accountability checks, lending and foreign exchange operations, internal search and groupware. It will also develop groupwide AI management standards and an AI governance portal.
Crypto
DigitalX provides compliance training for all employees
DigitalX has moved to strengthen controls over “high-risk transactions” that involve manual employee work, such as airdrops, event rewards and mistaken transfers. The company said on Oct. 22 it held second-half 2026 compliance training for all employees, led by its risk management division. The programme covered processing procedures by transaction type, approval standards and reporting systems. It also reviewed internal controls to prevent mispayments and basic compliance rules.
Finance
Audit 2026: Lawmakers rap five big bank CEOs over hacking response, compensation and loan rates
Chief executives of South Korea\'s five biggest banks faced sharp questioning at a National Assembly audit over loan-rate calculations, personal data leaks and consumer protection. Lawmakers alleged banks offset cuts in add-on rates mandated by a legal revision by reducing preferential rates to raise interest income. KB Kookmin Bank and NH NongHyup Bank were pressed on rate adjustments. KB Kookmin also faced scrutiny over its initial response to a hacking incident, while lawmakers criticised unspent security budgets and compensation systems.
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Finance
Lawmakers criticise banks over interest rates, hacking, IT errors and governance questions at audit
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Finance
NH faces audit criticism over unreported embezzlement cases; Chairman Kang Ho-dong denies graft allegations
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Finance
Toss Securities renews CEO Kim Gyu-bin for second term
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Industry
Mobilint installs its NPU boards on satellite for fifth Nuri launch
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Finance
Investment firms on edge ahead of parliament audit as leverage losses, finance hacking loom
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Finance
FSS urges brokerages to review IT security, respond immediately to investor losses
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AI & Enterprise
AI hacking responsibility fight heats up
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Crypto
Token securities OTC trading capped at 10 million won a year; stocks, bonds and funds issuance allowed
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Finance
Shinhan Bank data leak raises concerns over internal controls
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AI & Enterprise
Musk says retirement savings could become meaningless in 10 to 20 years
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AI & Enterprise
Trump, big tech sign AI safety pact but it has no legal force
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Finance
Financial sector audit to focus on household loans, ETFs and financial incidents
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Finance
Brokerages tread carefully on overseas stock promotions ahead of Chuseok
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Finance
FSS tells brokerages showy investor protection not enough, orders stronger internal controls
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Crypto
Ripple upgrades GSmart AI for corporate treasury management, expands policy, analytics and audit tools