Leveraging artificial intelligence for predictive financial risk management in emerging markets

Title

Leveraging artificial intelligence for predictive financial risk management in emerging markets

Creator

Parth, Priyanshu

Description

This chapter examines how AI is changing the management of financial risk in emerging markets. It discusses how AI is applied, what challenges it encounters, and what the future may hold. Fast changes in global financial markets and the growing complexity of economies in developing countries require better ways of managing risks than the old methods offer. This chapter focuses on how AI technologies change risk assessment and management practices. They offer new capabilities in analyzing data, patterns, and even predicting. The discussion begins by explaining why the old ways of managing risk are not effective in new markets. It then zooms in on how AI-powered solutions can rectify these issues. The chapter explores various uses of AI in managing financial risk, including the assessment of credit risk, detection of fraud, analysis of market risk, and optimization of portfolios. It takes a view of what technical infrastructure is required to implement AI successfully and the steps to do so. It focuses on the challenges of updating old systems in new market financial institutions. 2025 by IGI Global Scientific Publishing.

Source

Artificial Intelligence for Financial Risk Management and Analysis;pp.249-269

Date

01-01-2025

Publisher

IGI Global

Coverage

Parth P., Christ University, India

Rights

All Open Access; Hybrid Gold Open Access

Relation

ISBN: 979-833731202-6; 979-833731200-2;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/979-8-3373-1200-2.ch012

https://www.scopus.com/pages/publications/105004405294?origin=resultslist