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[ARTICLE · art-50177] src=koreatimes.co.kr ↗ pub= topic=artificial-intelligence verified=true sentiment=· neutral

[Economic Essay Contest] The future of AI in finance: Building trust before fraud happens

An international student in Korea nearly fell victim to a voice-phishing scam but was warned by an AI assistant manager in their banking app, leading them to trust the AI-generated alert over the scammer's voice. The experience reshaped their view on AI in finance, emphasizing the need for trustworthy systems that prevent fraud before it happens.

read1 min views1 publishedJul 7, 2026

A few months ago, I received a call from an unknown number, and the caller identified himself as a government agency in Korea. As an international student, I often deal with unfamiliar bureaucracy and calls, so everything seemed quite convincing. The person on the phone spoke confidently, mentioned my personal information and insisted that I take immediate actions. For a second, I almost believed him. But suddenly I received a warning from my banking app about voice-phishing scams. This warning was handled by an artificial intelligence (AI) assistant manager, not a bank staff member. The warning landed me to immediately end the call. Later, I learned that similar scams are common across the country. What stayed with me was not the scam itself, but the realization that I trusted a warning generated by a financial system more than the voice of the person speaking on the phone. That experience changed the way I think about AI in finance. After this call, I thought about the future of banking. I believe that banking should be a system that people can really trust, especially when things are

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