Author(s): R Suresh and Kishore Kumar S

Abstract: Fintech's rapid integration into the Indian banking industry has drastically changed risk management procedures, presenting financial institutions with both benefits and difficulties. This study looks at how traditional risk management frameworks are affected by technological innovations like blockchain, big data analytics, machine learning, and artificial intelligence (AI). It assesses the consequences for banks and outlines the main risk areas that fintech has made worse, including as operational, credit, and cybersecurity issues. The study also looks at how the Reserve Bank of India's (RBI) regulatory frameworks align to safeguard consumers and maintain compliance. This study intends to offer important insights into preserving financial stability in the face of continuous technology advancement by examining adaptive strategies and offering suggestions for efficient risk management in a digital banking setting.

DOI: 10.22271/27891607.2024.v4.i2c.230

Pages: 212-217 | Views: 63 | Downloads: 19

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