Securities firms join the digital asset battle: financial institutions compete to deploy AI and Web3

Source: BlockMedia Original Title: After Banks, Securities Firms Also Put ‘AX’ Front and Center… Securities Industry Expands Digital Asset Territory with ‘True Combat’ Original Link: https://www.blockmedia.co.kr/archives/1024219 Following the banking sector, the securities industry also underwent organizational restructuring on the eve of the New Year. As the National Assembly advances the Basic Law on Digital Assets (Virtual Assets Phase Two Law), major securities firms are launching organizational reforms for digital transformation (DX) and artificial intelligence transformation (AX).

According to industry news on the 25th, large securities companies such as Future Asset Securities and NH Investment & Securities have led the organizational restructuring. Previously, the banking sector also took the lead in digital transformation reforms ahead of the Digital Assets Basic Law. NH Nonghyup Bank, Woori Bank, and Shinhan Financial Group are making AI transformation (AX) a core strategy for next year.

With the New Year, following the banking industry, the entire financial sector is experiencing a wave of accelerating digital transformation.

Future Asset Establishes Tech&AI Dedicated Organization, NH Enhances Digital Asset Management Capabilities

Future Asset Securities is restructuring its Tech&AI department into a new technology-specific organization to gain a competitive edge in fields like artificial intelligence (AI) and digital assets. Through this move, the company plans to create new growth engines based on AI, Web3, and other emerging technologies.

A representative from Future Asset Group stated, “Our goal is to build a global digital wallet and actively promote Web3-based domestic and international businesses.”

NH Investment & Securities has abolished its Retail Business Division and reorganized into independent Wealth Management (WM) and Digital Business Divisions. The Digital Division will focus on advancing AI transformation (AX), internalization, and ensuring digital asset management capabilities.

Shinhan Financial Group Establishes AX Headquarters, Small and Medium Securities Firms Use IT Departments

Shinhan Investment Corp. has also newly established an AX Headquarters to strengthen capabilities in AI and digital assets. This is to actively respond to the implementation of the AI Basic Law next year and prepare for future financial services involving digital assets.

Aia Securities has also set up an AI Strategy Office. This serves as a control tower to formulate AI strategies in a rapidly changing environment and to establish an AI culture across the entire company.

However, small and medium-sized securities firms have not actively undertaken DX transformations. They are merely assigning these tasks to existing IT-related departments. Although SK Securities also underwent organizational restructuring this time, the related changes were minimal. An SK Securities official stated, “Although there are no significant restructuring changes, digital-related businesses are handled by the IT department.”