Big Data Mining in Financial Risk Management

Abstract—Big data mining is transforming financial risk man-
agement by enabling the analysis of vast and diverse datasets to identify, assess, and mitigate risks with unprecedented accuracy.This research explores the integration of big data analytics into financial risk management practices, focusing on techniques such
as machine learning, natural language processing, and predictive modeling. By leveraging data from market trends, financial statements, social media, and economic indicators, financial institutions can gain deeper insights into potential risks and make informed decisions. The study highlights case studies where big data mining has been successfully applied to detect fraud,forecast market movements, and assess credit risk. The findings
demonstrate significant improvements in risk prediction, early warning systems, and decision-making processes. This research underscores the importance of big data mining in enhancing the resilience and stability of financial systems, advocating for its adoption to proactively manage and mitigate financial risks.