The role of financial intelligence in improving credit risk management in the Iraqi banking sector (Islamic taifib Bank as a model)

Abstract

The research targets the ability of institutions to manage business and make smart and informed financial decisions, and the ability to analyze financial data, reach logical conclusions and make appropriate financial decisions based on knowledge and analysis, as financial intelligence plays a crucial role in detecting the status of fraudulent activities within the banking sector through analyzing large quantities of Financial data: Systems that operate with artificial intelligence can identify patterns and anomalies that may indicate fraudulent behavior. Financial intelligence tools help banks assess credit risks more accurately by analyzing historical data, market trends, and customer information. Artificial intelligence can also create credit risk scores and forecasts. This enables banks to make informed decisions when granting loans, setting interest rates, and managing credit portfolios. This is why we note that financial intelligence significantly enhances risk management in the Iraqi banking sector by detecting fraud, assessing credit risks, ensuring compliance, conducting stress tests, and monitoring risks. Real-time financial intelligence can also use machine learning and statistical analysis techniques to improve banks' ability to predict potential risks, and prediction models can be used to identify potential customers to default on loans or identify high-risk loans.

Financial intelligence expresses an approach based on innovative thinking that helps to understand the prevailing situation of the business environment through continuous real-time monitoring and attempts to anticipate the trend that enables identifying opportunities that can be invested through. Excellence and continuous innovation are not achieved, or the risks that should be avoided in the pursuit of trying to improve performance The financial stability of the organization and the ability to deal efficiently and effectively with the target environment, and to make continuous radical improvements by relying on advanced communication devices, in order to provide services that exceed the expectations of competitors and consumers and achieve leadership. Accordingly, this research sheds light on one of the important topics, which is essentially: Financial intelligence And its role in managing financial risks through the variables of innovation and networked learning in the institution, in order to achieve its goals represented in the ability to collect reliable information, shorten time, improve the quality of its services, improve its functions, and achieve rapid response to the desires of consumers, and thus achieve leadership to outperform competitors, as it was Conducting a field study of Al-Tafif Islamic Bank.