Risk model
ComplyAdvantage Mesh uses a risk model to calculate the amount of risk associated with a customer. Using a risk model enables you to systematically assess the risk of every customer against the same criteria, removing any bias or subjective decision-making.
You can configure risk models to match your business risk policies by defining which customer attributes you want to assess for risk. This allows you to take a flexible approach, relevant to the types of risk your business faces.
Overall risk score
Once your customer's risk has been assessed, we deliver the result as a risk score: a number between 0 and a maximum that you set.
Overall risk level
To make it easier to understand the customer risk, Mesh maps the customer risk score to one of four risk levels. You can set the thresholds for these.
Risk categories
You can also break down the overall risk for a customer into five categories:
- Basic Information
- Country
- Screening
- Product
- Channel
These categories align with the categories in a typical business wide risk assessment, making it easier for you to identify the impact on the customer on your business risk.
You can choose which customer attributes you want to assess in each category.
As part of the risk assessment, each category gets its own risk score, which is mapped to a category risk level. You can also set the thresholds for these. Read more about this in How risk scores are calculated.