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Emerging Innovation Risk Management in Financial Institutions of United States

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  • Abu Karsh, Sharif M.

Abstract

Financial institution within the USA is faced with great challenge of risk management, hence the pursuit of every financial institution to come up with better innovative ways of managing risks. However, the emerging innovation in risk management in financial institution has an underlying negative implication which is yet to be studied. The aim of this research was to explore emerging innovation in risk management in financial institutions. The research utilized qualitative research design, through an intensive literature review that involved deep research and reviewing of academic scholarly academic articles. This type of approach ensures that the research includes wide variety of sources that support this research and making it viable for future reference. Results showed that the emerging innovation in risk management in financial institutions is digital financing. Owing to the associated implication of excessive technology use, the research suggests that financial institutions should be very cautious, particularly with the associated risk of cybercrime.

Suggested Citation

  • Abu Karsh, Sharif M., 2021. "Emerging Innovation Risk Management in Financial Institutions of United States," OSF Preprints 3j62p, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:3j62p
    DOI: 10.31219/osf.io/3j62p
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    References listed on IDEAS

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    1. Demirguc-Kunt,Asli & Klapper,Leora & Singer,Dorothe, 2017. "Financial inclusion and inclusive growth : a review of recent empirical evidence," Policy Research Working Paper Series 8040, The World Bank.
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