EVALUATING THE RISK MANAGEMENT STRATEGIES OF GLOBAL BANKS IN THE DIGITAL AGE

Abstract

In the digital age, global banks face a rapidly evolving landscape, where the integration of advanced technologies such as blockchain, artificial intelligence, and digital banking platforms creates both opportunities and risks. This study evaluates the risk management strategies employed by global financial institutions to navigate these challenges. By analyzing existing risk frameworks, this research highlights the impact of cybersecurity threats, regulatory compliance, operational risks, and data privacy concerns on banking operations. Furthermore, the role of digital transformation in enhancing risk mitigation practices is explored, considering how banks adapt to technological innovations while safeguarding against potential disruptions. The paper also investigates the relationship between global financial stability and the adoption of digital risk management tools, suggesting that a proactive approach to digital risks is crucial for maintaining resilience in a highly interconnected global economy.