Comparative analysis demonstrates that artificial intelligence enhances proactive risk management in banking, highlighting improved financial system stability.
The intricate tapestry of the banking industry is constantly threatened by diverse risk elements, demanding robust mitigation strategies.This research delves into the transformative potential of artificial intelligence (AI) in reshaping risk management within the banking sector.The need for this study arises from the ever-evolving risk landscape, where traditional methods struggle to anticipate and effectively manage emerging threats.By analyzing the benefits and challenges of AI in specific risk domains, the research outlines its revolutionary potential in enhancing proactive detection, optimizing decision-making, and securing the financial system's stability.The study leverages a comparative analysis of case studies and relevant research findings to paint a comprehensive picture of AI's impact on risk management in the banking industry.
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Batra et al. (2024) studied this question.
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