{"slug": "economic-essay-contest-the-future-of-ai-in-finance-building-trust-before-fraud", "title": "[Economic Essay Contest] The future of AI in finance: Building trust before fraud happens", "summary": "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.", "body_md": "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", "url": "https://wpnews.pro/news/economic-essay-contest-the-future-of-ai-in-finance-building-trust-before-fraud", "canonical_source": "https://www.koreatimes.co.kr/lifestyle/people-events/20260708/economic-essay-contest-the-future-of-ai-in-finance-building-trust-before-fraud-happens?utm_source=rss", "published_at": "2026-07-07 22:27:03+00:00", "updated_at": "2026-07-07 22:33:01.636651+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-safety", "ai-ethics"], "entities": [], "alternates": {"html": "https://wpnews.pro/news/economic-essay-contest-the-future-of-ai-in-finance-building-trust-before-fraud", "markdown": "https://wpnews.pro/news/economic-essay-contest-the-future-of-ai-in-finance-building-trust-before-fraud.md", "text": "https://wpnews.pro/news/economic-essay-contest-the-future-of-ai-in-finance-building-trust-before-fraud.txt", "jsonld": "https://wpnews.pro/news/economic-essay-contest-the-future-of-ai-in-finance-building-trust-before-fraud.jsonld"}}