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November 8, 2025Open Access

Artificial Intelligence and Risk Management in Financial Institutions: Evidence from the UK Banking Sector

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Authors

IOIyanu Emmanuel OlatunbosunAOAbosede Rebecca Olatunbosun

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Overview

Survey shows AI enhances decision-making and fraud detection in financial institutions, indicating a shift in risk management processes.

Key Points

  • AI significantly improves risk management practices in UK financial institutions, enhancing efficiency and accuracy.
  • Survey of 138 banking professionals revealed strong support for AI tools like chatbots and robotic process automation.
  • Quantitative analysis confirmed AI's role in streamlining compliance processes and improving fraud detection metrics.
  • Concerns regarding algorithmic bias and data privacy highlight the need for ethical guidelines in AI applications.

Cite This Study

Olatunbosun et al. (2025) studied this question.

synapsesocial.com/papers/690e8b6ca5b062d7a4e73406https://doi.org/10.56294/ai2025436
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Also Consider

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  1. 1Artificial intelligence-based risk management for the banking sector: impact and challenges2025
  2. 2Artificial Intelligence in Modern Banking: Revolutionizing Financial Services, Risk Management and Customer Experience2025
  3. 3AI-Driven Business Analytics in Financial Risk Management: Key Insights from the Banking and Insurance Sectors2025
  4. 4A QUANTITATIVE ANALYSIS OF ARTIFICIAL INTELLIGENCE IN FINANCIAL RISK MANAGEMENT, PREDICTIVE FORECASTING, AND INTERNATIONAL APPLICATIONS2025
  5. 5ARTIFICIAL INTELLIGENCE IN FINANCIAL RISK MANAGEMENT: PREDICTIVE ANALYTICS AND ETHICAL CONCERNS2025