Integrating Predictive Analytics into Risk Management: A Modern Approach for Financial Institutions
Naga Ramesh Palakurti
TLDR
This paper examines how predictive analytics enhances risk management in financial institutions through the use of predictive analytics for credit risk, market risk, operational risk, and fraud detection, with practical case studies.
Abstract
This paper examines how predictive analytics enhances risk management in financial institutions. Advanced tools like machine learning and statistical modeling help predict risks, identify trends, and implement strategies to prevent losses by analyzing historical and real-time data. It covers the use of predictive analytics for credit risk, market risk, operational risk, and fraud detection, with practical case studies. Additionally, it discusses challenges, ethical issues, and prospects in this field.
