Convergence Of Financial Institutions' Risk Management Aided By Artificial Intelligence

The attention on technology and risk in financial institutions has often been laser focused on transactions. That makes sense because of the large volume of trades and other transactions that are at risk from fraud, hacking and other issues. However, financial institutions also have other risks. Organizations have been slowly increasing the use of artificial intelligence (AI) in other areas, and there are signs that AI is supporting a convergence of risk management tools in financial institutions. Financial transactions, trading in particular, have long been a focus of technology.