Exploring the Impact of AI and Blockchain on Advancing Financial Risk Analysis and Decision-Making

Abstract

The field of financial risk analysis and decision-making has seen a significant transformation with the introduction of blockchain technology and artificial intelligence (AI).This study investigates how these cutting-edge technologies work in concert to improve the precision, effectiveness, and transparency of financial operations. Organisations can analyse enormous volumes of data, spot trends, and make remarkably accurate risk predictions thanks to AI systems' sophisticated algorithms and machine learning. At the same time, blockchain technology provides an immutable, decentralised ledger that improves data integrity, fosters trust, and lowers the risk of fraud in financial transactions. The field of financial risk analysis and decision-making has seen a significant transformation with the introduction of blockchain technology and artificial intelligence (AI). This study investigates how these cutting-edge technologies work in concert to improve the precision, effectiveness, and transparency of financial operations. Organisations can analyse enormous volumes of data, spot trends, and make remarkably accurate risk predictions thanks to AI systems' sophisticated algorithms and machine learning. At the same time, blockchain technology provides an immutable, decentralised ledger that improves data integrity, fosters trust, and lowers the risk of fraud in financial transactions.