Dynamic Risk Scoring (DRS) Module

The DRS Module helps financial institutions conduct on-going due diligence with existing customers, placing a higher importance and priority on alerts generated from high risk accounts and customers.

With the DRS Module, customer or account risk scores are imported from, for instance, a CRM application into the system. NetEconomy then calculates a risk score based on behavior and a series of variables including country of residence, age, PEP listing, and transaction value, and generates alerts when there is a deviation between the actual and the imported risk score, or when the risk score increases.

In addition, the DRS Module compares actual behavior with expected behavior recorded at account opening to detect any significant deviations. For example, during account opening, if a customer indicates he will not exceed $3,000 per month in cash activity, or receive or send international wire transfers, this information will be recorded as expected behavior and imported into the system. Based on this information, the DRS Module will check on a continuous basis against actual behavior. If a significant deviation occurs, then an alert will be generated.

The DRS Module also checks any changes over time to make sure customers are placed in the correct (high-medium-low) risk groups. The result is fewer false positives and on-going due diligence and monitoring for high risk customers or changes in risk or category.

Dynamic Risk Scoring Module Datasheet 2007