https://www.managecfo.com/news/advancements-in-financial-risk-management-nwid-437.html
The financial sector is transforming due to technological advancements, regulatory shifts, and changing economic conditions. Financial risk management has evolved to address new challenges while leveraging cutting-edge tools. The technologies allow financial institutions to analyze extensive datasets, uncover hidden trends, and forecast potential risks more precisely. AI-based models are instrumental in fraud detection, credit risk evaluation, and recognizing market irregularities, facilitating a data-centric strategy for managing risks.