Feature Sheet

Risk Stratification

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Typical risk systems use generic models that result in large volumes of high-risk customers. But all high-risk customers are not created equal. A local charity, for example, likely does not present the same level of risk to your institution as an international NGO.

Verafin’s high-risk management approach allows you to define what risk means to you, and stratifies risk within high-risk categories, such as Money Service Businesses (MSBs), Marijuana-Related Businesses (MRBs), and ATM owners. With configurable risk models, an integrated Risk Assessment dashboard, and auditing and reporting functionality, Verafin’s solution ensures you review the right customers at the right time, while providing transparency to BSA examiners.

Tagged as...

  •   CDD/EDD
  •   High-Risk Customer Management
  •   Intelligent Segmentation