Implementation of Risk Assessment Analysis on Financial Technology Performance by SLR Method

The application of risk assessment to an entity is critical to do. It ensures that an organization or project can operate effectively and efficiently without being disturbed by unwanted risks. Risk assessment is critical for an entity because it can help protect various assets, finances, employees, and performance parameters of an entity in today's competition against various threats or vulnerabilities that can disrupt the smooth operation and sustainability of the entity in the future. This study discusses the application of risk assessment to an entity that includes private companies, government, health, developers, and technology. The method used in this study is a qualitative method with a systematic literature review (SLR), which connects the risk assessment framework with the entity's performance measures, including the entity's financial side, entity performance indicators, entity assets, employees, and competitors. Based on the results of the study show that of the 136 articles obtained, only 21 articles specifically discuss the five entity performance indicators used as the main scope of entity performance, where it shows that private companies conduct more risk assessments compared to government companies, health, developers, and technology itself. In addition, related entities more often carry out quantitative risk assessments. It shows that many entities still need to conduct risk assessments and explicitly discuss how to conduct existing risk assessments. Researchers hope this study can clarify matters related to risk assessment and how to apply them to an entity.