• Login
  • Register
  • Search

Application and Prospect of Artificial Intelligence in Financial Risk Control

Jiayu Cao

Abstract


This paper explores the application and prospects of artificial intelligence in financial risk control. The paper begins by dissecting
the basic knowledge and main technologies of artificial intelligence, followed by a thorough study of the types of financial risks and their
control strategies. Subsequently, we discuss in detail how artificial intelligence can play a role in various aspects of financial risk control,
including credit assessment, fraud detection, market risk analysis, and operational risk management. In the meantime, we also delve into the
challenges and limitations faced by artificial intelligence in financial risk control. Lastly, we predict the future development of artificial intel_x005fligence in financial risk control and suggest some possible emerging technologies and business applications.

Keywords


Artificial Intelligence; Financial Risk Control; Credit Assessment; Fraud Detection; Market Risk Analysis

Full Text:

PDF

Included Database


References


[1] Zhao DW & Chengying Shan CY. Practice and experience of Singapore’s regulatory technology innovation [J]. Southern Fi_x005fnance,2021,(06):69-80.

[2] Xia SY. & Tang L. Research on the theoretical framework and improvement path of regulatory technology[J]. Southwest Finance,2020,(11):86-96.

[3] Zhao X. Innovative application of emerging technology to reshape financial services and help financial industry digital strategic

transformation [J]. China Financial Computer, 2020, (08): 17-20.

[4] He, J. & Du, M. (2020). Competitiveness analysis of Internet leading enterprises in the field of intelligent finance: from the perspective of patents [J]. Science and Technology Management Research, 2020, 40(12): 132-141.

[5] Gu Z, Shi JR. Research on fintech helping to Prevent and control financial risks [J]. Audit & Economics Research,2020,35(01):16-

17+11.

[6] Lu MF & Ma J. [6] Research on characteristics and management of intelligent risk of commercial banks [J]. Southern Finance,2020,(03):65-73.

[7] Ding, X. & Su, XN. Financial security intelligence analysis based on blockchain trusted big data artificial intelligence [J]. Journal

of Information Technology,2019,38(12):1297-1309.

[8] Chen WJ, Xu CC. On the application risk and prevention countermeasures of artificial intelligence in the field of finance [J]. Journal of Chongqing University of Technology (Social Sciences),2019,33(09):90-98.

[9] Zhang, J.U.S. Fintech regulation and its implications for China[J]. Research on Financial Development, (09):49- 53 (2019).

[10] Song, H. Smart Supply Chain Finance (Smart Supply Chain Finance). China Renmin University Press: 201909.528.

[11] Yu, Y. Fintech and Risk Management for Financial Institutions[J]. Shanghai Finance,(07):73-78 (2019).

[12] Yan WX, Meng DF. The application of fintech in financial risk management [J]. Contemporary Economics, 2018, (23): 48-50.

[13] Wang YR. The impact of smart finance on the banking industry [J]. China Circulation Economy,(26):91-92 (2018).

[14] Gao S. Subject identification and obligation setting in intelligent investment adviser model [J]. Legal Research, 2018, 40(05): 40-57.

[15] Meng, N. & Lin, P. The causes of the “Macmillan gap” in micro, small and medium-sized enterprises and the solution path of intelligent finance [J]. South China Finance,(07):73-80 (2018).

[16] Zhong, H. (2018). Research on fintech Development and risk prevention [J]. Journal of Financial Development Research,2018,(03):81- 84.

[17] Wang X. & Xiao B. et al. Artificial intelligence and its application in finance [J]. The Banker,2017,(12):126-128.

[18] Yu, X. & Peng, Y. Application and challenges of artificial intelligence in financial risk management [J]. Southern Finance,2017,(09):70-74.

[19] Lu XM. Discussion on the application of artificial intelligence in the field of Internet finance [J]. Economist,2017,(05):148-149.

[20] Cheng D. Application status and security risk analysis of artificial intelligence in financial field [J]. Fintech Era, 2016, (09):47-49.




DOI: http://dx.doi.org/10.18686/fm.v8i6.11721

Refbacks