To create a risk assessment profile, go to Risk Assessment → Risk Assessment Profiles → Create New.
Name and describe risk assessment profile.
Determine and create client risk categories.
The first step in creating a new risk assessment profile is establishing categories (channels). The most common categories used by regulated institutions are:- Geographical channel.
- Customer channel.
- Products & services channel.
- Delivery channel.
*Note that you can leave the risk assessment with only one category if you have just a simple list of rules.
Creating rules for categories.
When the categories are completed, you can create risk rules and link them with certain risk levels. Here’s how to create the first rule:- Select the category for which you want to create a risk rule.
- Choose between a risk rule from the library or a custom one:
- Library: iDenfy has created a list of rules that you can select from. Choose the rule and assign the risk levels.
- Custom rules: If you don’t find a rule that fits your needs, create your own by providing possible values and assigning risks.
- When all the rules are created for specific categories, press Next to create rules for new categories.
Finalizing risk assessment profile.
Once all the risk rules for categories are created, it’s time to go Risk assessment review and category weights page and configure weights on each category.Adjust/configure risk levels.
The final step before using Risk Assessment is to adjust the overall risk levels. The default risk levels are:- Very Low: 0-20
- Low: 21-40
- Medium: 41-60
- High: 61-80
- Very High: 81-100