A Critical Significance of Using Machine Learning in Strengthening Financial Risk Management in Banking Firms
Shiva Johri, Naila Iqbal Qureshi, Kamakshi Mehta, Bestoon Othman, Sushant Waghmare, Bhasker Pant · 2022 2nd International Conference on Advance Computing and Innovative Technologies in Engineering (ICACITE) · 2022
The financial crisis is a significant fear of the banking firms and they are willing to implement certain technological solutions to mitigate the problems. More appropriately, the banking firms are trying to implement technologies for predicting external situations; such as credit risk, liquidity risk, risk of losses and many more. Researchers observed that Machine Learning is a well-known technology that can participate in financial risk prediction and management. Based on the findings of past literature, this research is going to conduct a primary online survey on 63 machine learning experts. The data were collected and analysed on Microsoft Excel.