Artificial intelligence in the modern financial security environment
Artificial intelligence in the modern financial security environment

Author(s): Marijana Joksimović
Subject(s): Politics / Political Sciences, Politics, Economy, Economic policy, Security and defense, Fiscal Politics / Budgeting, ICT Information and Communications Technologies, Secret Service / Secret Police
Published by: Висше училище по сигурност и икономика (ВУСИ)
Keywords: Artificial Intelligence; digital finance; modern financial security; innovation; blockchain technology; digital currencies; financial technologies (FinTech); AI-driven technologies
Summary/Abstract: In the modern financial security environment, Artificial Intelligence (AI) is becoming an indispensable tool for enhancing risk management, detecting fraud, and ensuring the overall stability of financial systems. AI-driven technologies, such as machine learning, natural language processing, and data analytics, enable financial institutions to analyze vast amounts of data in real-time, identify patterns, and predict potential security threats. These capabilities allow for more efficient detection and prevention of financial crimes, including cyber-attacks, money laundering, and fraud, while also improving decision-making processes and regulatory compliance. As financial security challenges become increasingly complex, AI not only supports traditional security measures but also introduces innovative solutions for proactive risk mitigation. However, the integration of AI into financial security systems also raises concerns related to data privacy, algorithmic bias, and the need for adequate regulatory frameworks. This abstract explores the role of AI in transforming financial security, its potential benefits, and the associated challenges, with a focus on the importance of adapting to an evolving digital landscape.

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