The critical impact of machine learning and artificial intelligence in financial modeling platforms for SMEs and financial institutions

Oyirinnaya, Peter Chimee and Tachie-Menson, Emmanuel and Abereijo, Tawakalitu Omobolanle and Kessie, Joseph Darko and Chikezie, Chimdi Okechukwu and Ajayi, Oluwatosin Omotola (2025) The critical impact of machine learning and artificial intelligence in financial modeling platforms for SMEs and financial institutions. International Journal of Science and Research Archive, 14 (3). pp. 1036-1044. ISSN 2582-8185

The rapid evolution of Machine Learning (ML) and Artificial Intelligence (AI) is transforming the landscape of financial modeling platforms. These technologies have significantly enhanced decision-making, risk assessment, and predictive modeling, offering unprecedented efficiency and accuracy. For Small and Medium-sized Enterprises (SMEs) and large financial institutions, AI-driven financial modeling provides deeper insights into credit risk evaluation, portfolio management, fraud detection, and investment strategies. This paper examines the critical impact of AI and ML on financial modeling platforms, exploring their role, benefits, challenges, and future prospects within the financial industry.