Changing Contours of Risk Management in a Digitized Financial Space: The Future Started Yesterday

11 Pages Posted: 25 Jun 2019

Date Written: January 24, 2019

Abstract

The first wave of digitization has automated the front-end of banking institution, now it’s the turn for digitizing back-end and use technology in risk management for gaining a competitive advantage. Machine learning and predictive analysis are being used for assessing various credit proposals. While digitizing provides added benefits, institutions must always be cautious regarding cyber and outsourcing risk involved. Regulatory and supervisory guidance will also play prominent role in this going forward.

Keywords: SupTech, Predictive algorithm, Regulatory sandbox, Risk Management using Digitization

JEL Classification: D81, D 83, G32, G41

Suggested Citation

Mishra, Rabi N., Changing Contours of Risk Management in a Digitized Financial Space: The Future Started Yesterday (January 24, 2019). Available at SSRN: https://ssrn.com/abstract=3407153 or http://dx.doi.org/10.2139/ssrn.3407153

Rabi N. Mishra (Contact Author)

Reserve Bank of India ( email )

Central Office, Shaheed Bhagat Singh Marg
Fort
Mumbai, 400001
India

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