AI Financial Service Launches Accelerated as FSC Simplifies Generative AI Innovative Financial Service Change Procedures

Improved Operational Efficiency for Financial Firms
and Enhanced Consumer Services Expected

The Financial Services Commission announced on April 15, 2026, that it has significantly simplified the procedure for designating innovative financial services to promote the use of generative artificial intelligence (AI). As a result of this measure, financial consumers are expected to be able to access financial services incorporating the latest AI technologies more quickly.

On this day, the Commission held its 7th regular meeting and finalized the "Plan to Improve the Change Procedure for Innovative Financial Services When Changing Generative AI Models," which centers on these changes.

Accordingly, starting today, financial companies will be able to immediately launch services when making simple generative AI model changes with low security risks, based only on written confirmation, without undergoing a re-designation process.

Until now, financial companies have operated generative AI services by receiving an exception to network separation through innovative financial services. So far, 169 cases have been designated, and 45 services have been launched. However, there have been ongoing concerns that even minor changes to generative AI models with low security risks required a re-designation process, resulting in delays in service launches.

With this improvement plan, when financial companies wish to change generative AI models, they will only need to submit a written confirmation form—after checking the impact on security in advance—to the Fintech Support Center. The Financial Security Institute will review these forms and classify the security impact into three levels: minor, moderate, or significant, and then determine when the service can be launched accordingly. According to the assessment: ▲ If the impact is minor, the service can be launched immediately; ▲ If it is moderate, the financial company must establish and submit its own security measures, and the service can be launched after the Financial Security Institute’s evaluation; ▲ If it is significant, the existing procedure for changing innovative financial services will apply.

This streamlining measure is expected to significantly shorten the time required for simple version updates. Furthermore, as financial companies expand their use of the latest generative AI models, not only is the improvement of service quality expected, but also the enhancement of internal work efficiency and the overall quality of financial services.

An official from the Financial Services Commission stated, "Going forward, both the Commission and the Financial Supervisory Service will continue to identify additional network separation improvement tasks related to generative AI in response to the rapidly changing information technology (IT) environment, and will work closely with the financial sector to implement them swiftly."

This content was produced with the assistance of AI translation services.