Global Scans · Financial Services · Weekly Summary

• [New] The adoption of blockchain, tokenization, and stablecoin technology will unfold as a series of distinct waves across various financial services sectors, rather than a single, monolithic surge. Evotek JSC - Award-winning custom software development
• [New] The losses from GenAI fraud are expected to hit $40 billion by 2027 according to the Deloitte Center for Financial Services. JD Supra
• [New] While the hype around AI persists, 2026 is shaping up as the year agentic AI will create scaled transformation in financial services. Accenture Banking Blog
• [New] AI will be one of, if not the most, significant factor in shaping and re-shaping all sectors including financial services in the coming years. FinExtra
• [New] By 2026, over 89% of financial services organizations have adopted AI, with agentic AI agents expected to appear in 40% of enterprise applications - fundamentally reshaping how wealth managers, bankers, and insurers engage clients. VAntage Point
• [New] Blockchain-based products, platforms, and services worth hundreds of billions of dollars may be in use in the financial system, supply chains, healthcare, gaming, digital identity, and governance before 2030. Blockchain App Factory
• [New] By 2027, Open Banking-enabled transactions are projected to reach hundreds of billions of dollars annually, fundamentally reshaping how financial services are delivered. FinExtra
• [New] Within the next decade, quantum computing - particularly when combined with AI - could become a key competitive differentiator for financial institutions, providing faster insights, improved decision-making, and enhanced client services. FinExtra
• [New] On the horizon, we expect continued investment in sectors that support the diversification agenda and will underpin the future economies of the GCC member states - notably artificial intelligence, renewable energy and financial services. JD Supra
• [New] AI could add tens of billions of pounds to the financial and professional services sector by 2030, as well as transforming services for consumers. / UK FinExtra
• [New] South Korea's Financial Services Commission will introduce a minimum core capital ratio for insurers from 2027 under the Korean Insurance Capital Standard, a move that will affect solvency metrics and capital planning for domestic carriers and regional groups with Korean operations. Insurance Business
• [New] Asia Pacific is expected to grow at the fastest CAGR of about 21.06% from 2026-2033, driven by rapid digital transformation in banking and financial services, increasing adoption of cloud-based risk solutions, and rising awareness of regulatory compliance. GlobeNewswire
• [New] As many as 60% of non-US financial services firms will adopt sovereign clouds by 2028. Software Development Company - N-iX
• [New] By reframing regulation into opportunity, India is signalling its intent to become a central node in the global financial services value chain. indiajuris
• South Korea's Financial Services Commission has approved changes to insurance business supervisory regulations that will gradually extend the payout period for insurance sales commissions to as long as seven years and link a larger share of remuneration to policy maintenance. Insurance Business
• Australian financial services licence (AFSL) holders are under continued scrutiny regarding cyber security and operational risk, including obligations linked to operational resilience. Insurance Business
• Looking ahead to 2026, we can expect steps forward in several key areas, notably in the global stitching of instant payments and the maturation of digital currencies and AI, converging to redefine what is possible in financial services. FinExtra
• In financial services, the EU Digital Operational Resilience Act will trigger its first oversight cycle for critical ICT providers in 2026, adding scrutiny on cloud and tech dependencies amid rising concerns over concentration and sovereignty. Connect On Tech
• Concerns have been raised that submitting to EU rules on financial services could see Brussels steer its regulatory framework in a direction that could be harmful to London, risking sacrificing its crown as Europe's biggest financial center. City AM

Last updated: 02 February 2026