AI in Risk Management and Fraud Detection

Abstract

Artificial Intelligence (AI) is transforming the way organizations identify, assess, and mitigate risks, while also revolutionizing fraud detection. Traditional risk management models often struggle with the speed, scale, and complexity of modern threats. AI, however, brings advanced capabilities such as predictive analytics, machine learning, natural language processing, and automation to detect patterns and anomalies in real time. This article explores the role of AI in enhancing risk management frameworks, improving fraud detection, and ensuring organizational resilience. It also discusses key applications, benefits, challenges, and future directions.