Best Practices for Operational Risk Management in Fintech in the Digital Transformation Age Cover Image
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Добри практики за управление на операционния риск във финтех сектора в епохата на дигитална трансформация
Best Practices for Operational Risk Management in Fintech in the Digital Transformation Age

Author(s): Valentin Monchev
Subject(s): Social Sciences, Economy, Education, National Economy, Supranational / Global Economy, Business Economy / Management, Vocational Education, Adult Education, Higher Education , State/Government and Education, ICT Information and Communications Technologies, Inclusive Education / Inclusion, Distance learning / e-learning
Published by: Военна академия „Г. C Раковски"
Keywords: operational risk; fintech; digital transformation; incident management; cloud technologies; artificial intelligence

Summary/Abstract: The research focuses on best practices for operational risk management in the fintech sector in the context of digital transformation, highlighting the key importance of new technologies for increasing business agility and resilience, as well as the role of innovation in optimizing processes and reducing dependence on physical infrastructure. Four key areas of best practice are explored, and the resulting paper provides recommendations for improving business continuity and minimizing risk - implementing risk management technologies, strategic planning and preparation, effective incident response and disaster recovery.

  • Issue Year: 131/2024
  • Issue No: 4
  • Page Range: 463-473
  • Page Count: 11
  • Language: Bulgarian
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