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Configuring the Bank Account Risk Assessment Task

Bank Account Risk Assessment Configuration​

To calculate Bank Account Risk the following must be configured.

  1. A risk model and configuration collection to evaluate the data of the bank accounts.
  2. Bank Account Risk Rating and Score Datakeys configured in policy and to which the output of the completed risk assessment will be captured for each bank account.
  3. Overall / entity Risk rating and Score Datakeys configured in global policy and to which the overall risk score of all bank accounts will be automatically captured.
  4. A Bank Account Risk Assessment task configured in the applicable journey.

For further detail on the configuration of a risk model please refer to the dedicated risk user guide.

Bank Account Risk Assessment Task Configuration​

To configure the Bank Account Risk Assessment task, complete the following steps:

  1. Having added a task, in a draft journey scheme, select Account Risk Assessment from the task type dropdown.

  2. You can use the 'Only Assess Accounts Created/Updated Within Journey toggle' to either only aggregate risk values from bank account drafts (added/edited bank accounts in the current journey) or to include existing bank account risk score/rating values from verified bank accounts.

    info

    If the task is configured to assess only bank accounts created/edited in the journey, a risk score of 0 will be calculated if there are no qualifying bank accounts to assess.

    Scores from verified bank accounts will not be recalculated, the existing verified scores can be included in the aggregate output to the entity. A bank account must be edited to recalculate the risk score.

  3. For the dropdowns displayed, under the task content heading, select the required value

    • Risk Model: Determines the risk factors to be evaluated.
    • Risk Configuration Model: the values and scores assigned to each possible input of those factors.
    • Risk Threshold Model: a model that translates a numerical score '23' to a descriptive value like 'High'.

  4. Define the Bank Account Risk Rating and Score Datakeys. These must be data base field names as configured in a requirement set and will be used to output the risk assessment outcome for each individual bank account.

  5. Set the Calculation Algorithm to be used when calculating the value to be captured on the entity.

    • max: chooses the highest
    • min: chooses the lowest
    • sum: adds all values together
    • avg: calculates the average ([sum of values]/[number of values])

  6. Define the Risk Rating and Risk Score Datakeys. These are the data base field names used to output the overall risk assessment outcome and are configured in policy.

The steps above summaries a single bank account risk assessment task. However, this task can be configured to appear multiple times in a journey, repeating the same process but using different risk models each time. Each task may be configured with different Rating and Score data base field names allowing for greater flexibility when it comes to calculating risk dependent on different models.