The Role of Artificial Intelligence in Financial Risk Management
Keywords:
Artificial Intelligence, Financial Risk Management, Predictive Analytics, Machine Learning, Anomaly Detection, Automated Decision-Making, Financial Sector, Risk Assessment, Neural Networks, Natural Language ProcessingAbstract
Artificial Intelligence (AI) is revolutionizing the field of financial risk management by enhancing the precision and efficiency of risk assessment, prediction, and mitigation strategies. This paper explores the transformative role of AI in financial risk management, highlighting its applications in predictive analytics, automated decision-making, and anomaly detection. Through a review of recent advancements and case studies, this study examines how AI technologies, including machine learning algorithms, natural language processing, and neural networks, are being leveraged to improve risk management practices in the financial sector. The paper also addresses challenges and ethical considerations associated with the integration of AI in financial risk management and proposes directions for future research.
