Artificial intelligence and financial risk mitigation
The former approaches for financial risk mitigation are warranted to be revamped, as they are no longer effective. Nevertheless, the continuous advancement in fintech has developed artificial intelligence (AI), whose powered techniques are considered to be the most effective to identify and mitigate...
محفوظ في:
| المؤلفون الرئيسيون: | , , |
|---|---|
| التنسيق: | فصل الكتاب |
| اللغة: | English English |
| منشور في: |
Wiley
2024
|
| الموضوعات: | |
| الوصول للمادة أونلاين: | http://irep.iium.edu.my/119852/7/119852_Artifical%20Intelligence%20for.pdf http://irep.iium.edu.my/119852/8/119852_Artificial%20Intelligence%20for_Scopus.pdf http://irep.iium.edu.my/119852/ https://www.wiley.com/en-us/Artificial+Intelligence+for+Risk+Mitigation+in+the+Financial+Industry-p-9781394175550 |
| الوسوم: |
إضافة وسم
لا توجد وسوم, كن أول من يضع وسما على هذه التسجيلة!
|
| id |
my.iium.irep.119852 |
|---|---|
| record_format |
dspace |
| spelling |
my.iium.irep.1198522025-03-03T02:01:30Z http://irep.iium.edu.my/119852/ Artificial intelligence and financial risk mitigation Rehan, Raja Sa'ad, Auwal Adam Haron, Razali T Technology (General) T173.2 Technological change The former approaches for financial risk mitigation are warranted to be revamped, as they are no longer effective. Nevertheless, the continuous advancement in fintech has developed artificial intelligence (AI), whose powered techniques are considered to be the most effective to identify and mitigate financial risk. Visibly, the financial sector as a whole is drastically altered by artificial intelligence, which gives rise to several procedures to mitigate probable financial risks. In this context, this chapter presents the AI-based financial risk detection process, which involves the main steps used to detect financial risk and then classify its types. Likewise, the established ongoing artificial intelligence-based financial risk mitigation process contains several steps that are used to lessen potential risk. Also, the strategies used by artificial intelligence to mitigate dissimilar sorts of financial risks are discussed in great detail in this chapter. Overall, this chapter discusses how quickly this modern technology provides benefits in terms of mitigating financial risks. As well, by adopting developed artificial intelligence-based financial risk identification and mitigation procedures, financial institutions can accurately evaluate massive information and identify financial risk factors, thus laying a more scientific, accurate, and comprehensive decision-making foundation for financial risk mitigation and management. Wiley 2024-05-10 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/119852/7/119852_Artifical%20Intelligence%20for.pdf application/pdf en http://irep.iium.edu.my/119852/8/119852_Artificial%20Intelligence%20for_Scopus.pdf Rehan, Raja and Sa'ad, Auwal Adam and Haron, Razali (2024) Artificial intelligence and financial risk mitigation. In: Artificial Intelligence for Risk Mitigation in the Financial Industry. Wiley, USA, pp. 53-79. ISBN 978-1-394-17555-0 https://www.wiley.com/en-us/Artificial+Intelligence+for+Risk+Mitigation+in+the+Financial+Industry-p-9781394175550 10.1002/9781394175574.ch3 |
| institution |
Universiti Islam Antarabangsa Malaysia |
| building |
IIUM Library |
| collection |
Institutional Repository |
| continent |
Asia |
| country |
Malaysia |
| content_provider |
International Islamic University Malaysia |
| content_source |
IIUM Repository (IREP) |
| url_provider |
http://irep.iium.edu.my/ |
| language |
English English |
| topic |
T Technology (General) T173.2 Technological change |
| spellingShingle |
T Technology (General) T173.2 Technological change Rehan, Raja Sa'ad, Auwal Adam Haron, Razali Artificial intelligence and financial risk mitigation |
| description |
The former approaches for financial risk mitigation are warranted to be revamped, as they are no longer effective. Nevertheless, the continuous advancement in fintech has developed artificial intelligence (AI), whose powered techniques are considered to be the most effective to identify and mitigate financial risk. Visibly, the financial sector as a whole is drastically altered by artificial intelligence, which gives rise to several procedures to mitigate probable financial risks. In this context, this chapter presents the AI-based financial risk detection process, which involves the main steps used to detect financial risk and then classify its types. Likewise, the established ongoing artificial intelligence-based financial risk mitigation process contains several steps that are used to lessen potential risk. Also, the strategies used by artificial intelligence to mitigate dissimilar sorts of financial risks are discussed in great detail in this chapter. Overall, this chapter discusses how quickly this modern technology provides benefits in terms of mitigating financial risks. As well, by adopting developed artificial intelligence-based financial risk identification and mitigation procedures, financial institutions can accurately evaluate massive information and identify financial risk factors, thus laying a more scientific, accurate, and comprehensive decision-making foundation for financial risk mitigation and management. |
| format |
Book Chapter |
| author |
Rehan, Raja Sa'ad, Auwal Adam Haron, Razali |
| author_facet |
Rehan, Raja Sa'ad, Auwal Adam Haron, Razali |
| author_sort |
Rehan, Raja |
| title |
Artificial intelligence and financial risk mitigation |
| title_short |
Artificial intelligence and financial risk mitigation |
| title_full |
Artificial intelligence and financial risk mitigation |
| title_fullStr |
Artificial intelligence and financial risk mitigation |
| title_full_unstemmed |
Artificial intelligence and financial risk mitigation |
| title_sort |
artificial intelligence and financial risk mitigation |
| publisher |
Wiley |
| publishDate |
2024 |
| url |
http://irep.iium.edu.my/119852/7/119852_Artifical%20Intelligence%20for.pdf http://irep.iium.edu.my/119852/8/119852_Artificial%20Intelligence%20for_Scopus.pdf http://irep.iium.edu.my/119852/ https://www.wiley.com/en-us/Artificial+Intelligence+for+Risk+Mitigation+in+the+Financial+Industry-p-9781394175550 |
| _version_ |
1827438801978392576 |
| score |
13.251813 |