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KPI Science News
ISSN 2617-5509 · e‑ISSN 2663-7472 Open Access · CC BY 4.0
Vol. · Issue 3 · 2019 Aug 20, 2019 article

GENERALIZATION OF THE INFORMATION TECHNOLOGY STRUCTURE FOR FINANCIAL RISK MANAGEMENT

NK
Nataliia V. Kuznietsova Corresponding Igor Sikorsky Kyiv Polytechnic Institute, Ukraine Ukraine
PB
Petro I. Bidyuk Igor Sikorsky Kyiv Polytechnic Institute, Ukraine Ukraine
PublishedAug 20, 2019
PDF (Ukrainian)
KPISN 3 VOL · 3
VOL · ISS 3 · 2019 View issue

Abstract

Background. The modern financial systems at the global level cover all aspects of human activities and make a significant impact on other types of systems. They are characterized by the high sensitivity to political and social influences, various types of risks, and therefore require modern tools for modeling, estimation and forecasting risks. Objective. Development of an information technology architecture for risk analysis, assessment and forecasting which can be implemented in the form of information decision support system, cloud technologies and micro-services. Methods. Application of client-server architecture for development of information technology for financial risk management, the creation of new information technologies and an expanded decision support system for timely analysis, dynamic estimation, forecasting and risk management in financial systems. Results. Extended information technology and generalized information support decision support system as a system of financial risk management in the form of client-server architecture; and separate applications in the form of micro-services and cloud services for integration into existing and functioning information system for risk management. Conclusions. Providing efficient tools for risk assessment and forecasting allows financial companies to allocate financial resources more efficiently, predict various financial risks (their degree and probability) by data mining methods and minimize their effects by applying insurance and hedging. It is highly successful today to use such information technologies based on micro-services while they allow increase the functionality and expand existing risk management system possibilities at respective enterprises thanks to adding and integrating necessary functionality in the form of specific services.

Keywords

#Information technologies #Micro-services #Information decision support system #Cloud technologies #Financial risks #Risk management system

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