Emerging Innovation Risk Management

Financial institution within the USA is faced with great challenge of risk management, hence the pursuit of every
financial institution to come up with better innovative ways of managing risks. However, the emerging innovation
in risk management in financial institution has an underlying negative implication which is yet to be studied. The
aim of this research was to explore emerging innovation in risk management in financial institutions. The research
utilized qualitative research design, through an intensive literature review that involved deep research and
reviewing of academic scholarly academic articles. This type of approach ensures that the research includes wide
variety of sources that support this research and making it viable for future reference. Results showed that the
emerging innovation in risk management in financial institutions is digital financing. Owing to the associated
implication of excessive technology use, the research suggests that financial institutions should be very cautious,
particularly with the associated risk of cybercrime