3 posts tagged with "Behavioural Risk"

Policy fields that use conditional logic driven by values derived from core customer fields, such as Age from Date of Birth may feed directly into the entity risk assessment and may also be used in business rules. Instead of refreshing these values in the context of a journey, these fields can be updated as part of the behavioural risk re-evaluation flow. These fields will be refreshed before any risk processing runs, so the latest values are used by the risk model and downstream rule logic.

Behavioural Risk solution in Fenergo has been extended, to cater for multiple risk models. This feature will improve and extend the behavioral risk capabilities by adding the following:

• Allow for the creation of multiple instances of the Risk Configuration in the Transaction Monitoring domain
• Each separate instance of the configuration will have configurable scoping conditions
• The data source type of ‘Current Entity’ can be used in the scoping conditions
• Each separate instance can be uniquely named

The Behavioural Risk Feature is a capability that identifies changes in an entity's actual transactional behaviour compared to their declared Expected Activity. When material deviations are detected, the system re-evaluates risk and can automatically trigger a journey if a higher risk threshold is reached. The feature operates as a nightly automated process, comparing expected activity held on the verified entity profile against actual transactional data observed over a 12-month period.