Product Brochure

High-Risk Customer Management

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Verafin’s end-to-end approach to CDD/EDD and High-Risk Customer Management applies intelligence-based analytics that incorporate a wide range of data sources and improve your High-Risk Management processes by grouping customers into categories based upon how they differ from each other. This allows for more tailored and effective management throughout the customer relationship, including:

  • Identification of high-risk customers and relative risk factors, and grouping them into their applicable high-risk categories.
  • Risk Stratification, which addresses how risk differs within each high-risk category and automatically risk scores each customer relative to others in the same group.
  • EDD Reviews that include a centralized CDD/EDD workflow and integrate with ongoing AML monitoring and surveillance processes.
  • Surveillance that applies targeted analytics to specific groups, monitoring them for risk factors and unusual activity.

Tagged as...

  •   BSA/AML Compliance
  •   CDD/EDD
  •   High-Risk Customer Management