Balancing Human Judgment and AI in Banking Risk Management

EasyChair Preprint 14354

Abstract

The integration of Artificial Intelligence (AI) in banking risk management presents both opportunities and challenges. While AI offers advanced analytical capabilities and improved efficiency, human judgment remains indispensable for contextual understanding and ethical considerations. This article explores the balance between AI and human judgment in banking risk management, examining how the synergy between these elements can enhance decision-making processes. We delve into the benefits of AI, such as data processing speed and predictive accuracy, alongside the irreplaceable value of human expertise in nuanced decision-making and ethical oversight. The discussion includes case studies illustrating successful implementations and future directions for achieving optimal balance in risk management strategies.

Keyphrases: Artificial Intelligence, Banking risk management, Financial Technology, Predictive Analytics, decision making, ethical considerations., human judgment

@booklet{EasyChair:14354,
  author    = {Adeoye Ibrahim},
  title     = {Balancing Human Judgment and AI in Banking Risk Management},
  howpublished = {EasyChair Preprint 14354},
  year      = {EasyChair, 2024}}