- Environment:
- EU
- UAE
- US
The rules used to evaluate the risk level of a profile's product application.
Risk models are specific to the profile type, meaning that a risk model is always applied to either individual profiles or company profiles.
Every risk model has its own risk factors, which you choose. These factors are evaluated against the profile. Examples of risk factors include age, nationality, and PEP status. See the full list of risk factors.
When you add a risk factor, you also control whether it’s required, meaning it must be used to calculate a risk level, or non-required, meaning the factor will only be used in the calculation if the relevant information is available.
You assign a risk score to each risk factor. This is a numerical value used to determine the significance of the risk. A higher risk score indicates that the risk factor is considered to be of greater risk.
When a profile applies for a product, the application's risk score is calculated using all required risk factors and any available non-required risk factors.
The process of onboarding profiles to products. A profile may be going through multiple product applications at the same time.
There are two profile types: individual profiles, which are used for people, and company profiles, which are used for companies.
A product or service that profiles can apply for, such as a current account or credit card.