How can the transparency and explainability of AI-powered risk assessments be improved?

Apr 6, 2023 ... Here we'll explain everything there is to know about high-risk customer types and the people you should be looking to identify. Apr 30, 2015 ... Abstract. A statistical framework is presented to assess customer risk ratings used in anti-money laundering (AML) surveillance. We analyze data ... Mar 1, 2025 ... By understanding their customers' risk profiles, financial institutions can identify and mitigate potential risks associated with their business ... On-boarding: The organization develops a sanctions risk rating for customers, ... Customer or Customer Due Diligence process) and independent research. The Customer Risk-Based Assessment is carried out to ensure that adequate information is collected from the prospective customer before providing services/goods ... Any company—including banks, insurance companies, and creditors—with exposure to client risk must develop a KYC strategy for engaging with customers. What are ... Boost customer risk rating in banking with our easy-to-customize model. Effortlessly improve fraud detection and compliance for smoother, more secure ... Mar 21, 2025 ... Customer risk assessment is a critical process where financial institutions evaluate the potential risks posed by customers to prevent money laundering and ... 4.1.3 Customer Risk ... The customer risk factors relate to types or categories of customers. Certain customer or business relationship categories pose a risk ... The course is an on-demand (pre-recorded) instructor-led learning programme designed for risk professionals who are required to perform customer due diligence ...