Sustainable Financial Risk Assessment and Management System Construction based on Big Data Analysis
In: SHS web of Conferences: open access proceedings in Social and Human Sciences, Band 200, S. 01004
ISSN: 2261-2424
In today's financial industry, traditional risk assessment models can no longer meet the needs of complex and dynamically changing financial markets. Therefore, building a sustainable financial risk assessment and management system based on big data analysis is particularly important. This system can predict and mitigate financial risks by analyzing large-scale datasets, improving the risk management capabilities of financial institutions, and providing the scientific basis for formulating relevant policies. Applying big data technology can greatly enrich the dimensions and depth of risk assessment. By collecting and processing a large amount of data from different channels, including social media, transaction records, market dynamics, etc., risk signals that traditional methods cannot observe can be revealed, allowing financial institutions to more accurately identify and predict potential risk points. The analysis model based on big data can achieve real-time risk monitoring. These models can automatically process real-time data promptly and alert potential risks, allowing financial institutions to quickly respond to market changes and take appropriate risk control measures. Building such a system is not without challenges. The quality and integrity of data, privacy protection, and the accuracy and transparency of analytical models are all issues that need to be focused on.