Digital Transformation in Banking Audits: Enhancing Compliance and Risk Management in ICICI Group

The digital shift within banking is transforming traditional audit practices, updating compliance, risk management, and efficiency. This report examines the impact on audits from banking's digital change, focusing specifically on ICICI Group and how AI insights, blockchain, robot accounting checks, and cloud solutions reshape audit methods. A thorough literature review and real data analysis explore how constant tracking, predictive stats, and automated rule systems cut financial danger and keep rules. Findings suggest digital audit tech noticeably improves fraud spotting, deal openness, and call making, guiding sounder leadership and inside control, though safety of facts, governing difficulties, and tech incorporation hurdles stay. In summary, a smart take-up of digital tools in auditing not just strengthens compliance structures but develops a culture of proactive risk administration across the banking sector.

Authors

Publication Details

Journal
Journal of Informatics Education and Research
Published
2025-03-24
DOI
https://doi.org/10.52783/jier.v5i1.2392
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

Digital Transformation in Banking Audits: Enhancing Compliance and Risk Management in ICICI Group

Devendra Kakwani
1 links
Journal of Informatics Education and Research
FinTech, Crowdfunding, Digital Finance
article

Digital Transformation in Banking Audits: Enhancing Compliance and Risk Management in ICICI Group

Devendra Kakwani
article en

Abstract

The digital shift within banking is transforming traditional audit practices, updating compliance, risk management, and efficiency. This report examines the impact on audits from banking's digital change, focusing specifically on ICICI Group and how AI insights, blockchain, robot accounting checks, and cloud solutions reshape audit methods. A thorough literature review and real data analysis explore how constant tracking, predictive stats, and automated rule systems cut financial danger and keep rules. Findings suggest digital audit tech noticeably improves fraud spotting, deal openness, and call making, guiding sounder leadership and inside control, though safety of facts, governing difficulties, and tech incorporation hurdles stay. In summary, a smart take-up of digital tools in auditing not just strengthens compliance structures but develops a culture of proactive risk administration across the banking sector.

Journal of Informatics Education and ResearchVol. 5(1)
Openalex Percentile: Top 92%
FinTech, Crowdfunding, Digital Finance
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Digital Transformation in Banking Audits: Enhancing Compliance and Risk Management in ICICI Group — Devendra Kakwani · Journal of Informatics Education and Research (2025) | TGRS Research Map | TGRS