This is part 2 of the process for creating a new risk model. You need to have completed the previous step, Creating a risk model.
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The Categories page opens with the following five category options: basic information, screening, country, product and channel.
- Click Add for the attribute you want to include and a dialog box will open. In this example, we're adding the Source of wealth attribute. This has free-text entry fields, meaning you have full control over the options you specify. Other attributes may have fixed parameters that you can't change.
- Click Add row to add a new parameter and its score.
- For free text entry fields (including the values for Source of wealth) each unique value must be on a new row.
- Add as many rows as you need. Anything that doesn’t fall into the defined values will be scored as Everything else. To remove a value click the X next to the score.
- Click Confirm.
- The attributes, with the values and scores you have just defined, will show at the top of the Basic information tab.
- Repeat the process for any other attributes you want to include in this category.
- Then repeat the process for any of the other categories you wish to use.
Adding attributes to the Screening category
When adding attributes to the Screening category there are only two values available, Yes or No, depending on whether an anti-money laundering (AML) type, such as Sanctions, applies to the customer. By default, No has a score of 0. You can set a score for Yes.
Note: only true positive decisions when screening cases are closed will be used to calculate risk scores. To learn more, see Taking screening hits into account when risk scoring.
Adding attributes to the Channel category
There is one attribute available for the Channel category, which is Channel type. This is the onboarding channel the customer used to sign up. The values are predefined as In branch and Online.
See Setting category thresholds for the next part of the process to create a risk model.