Transforming corporate finance and advisory services with machine learning applications in risk management

Shodimu, Oluwabanke Aminat and Odewuyi, Oyindamola Modupe and Okpo, Selina Affiang and Philips, Adeniyi Paul and Ogundipe, Akeem Olakunle (2025) Transforming corporate finance and advisory services with machine learning applications in risk management. GSC Advanced Research and Reviews, 22 (2). 094-103. ISSN 2582-4597

The application of machine learning (ML) in corporate finance and advisory services has revolutionized traditional methodologies, particularly in the domain of risk management. This review paper explores how ML techniques enhance risk assessment, predictive modeling, and decision-making processes, offering increased precision, scalability, and efficiency. By leveraging ML algorithms, organizations can uncover hidden patterns in data, enabling proactive identification and mitigation of potential risks. Furthermore, the integration of real-time analytics and advanced computational methods allows firms to respond dynamically to evolving financial environments. The paper evaluates current trends, challenges, and future directions, emphasizing the critical role of data quality, ethical considerations, and integration strategies in ensuring successful implementation. It highlights the transformative potential of ML in redefining risk management paradigms and advancing the corporate finance landscape, thereby contributing to more resilient and adaptive financial systems.