Accelerated Re-review (ARR) based Risk Assessments basis KYC Model Changes
Accelerated Re-review (ARR) allows clients to perform risk assessments for customers when there are updates to KYC risk assessment model namely Algorithmic Scoring and Business Check models. By actively tracking and logging any changes, the system identifies which customers may require re-evaluation based on the latest risk model policies.
The following changes are tracked for KYC models:
- Algorithmic Scoring
- Category Rule Weight Change
- Rule Weight Change
- Rule Default Score Change
- New Rule Addition
- Rule Deletion
- New LOV Addition
- LOV Score Change
- Business Check
- Rule Default Score Change
- New Rule Addition
- Rule Deletion
- New LOV Addition
- LOV Score Change
Note: The above configurations for tracking KYC Algorithmic Scoring and Business Check model changes are disabled by default. Admin users can enable these settings using the respective toggle buttons placed alongside. This feature is currently supported up to S2 volume customers (i.e. 500K customers).
Accelerated Re-review (ARR) based on KYC Model Changes ensures that customer reviews stay aligned as per the latest risk model policies and thereby meet both regulatory and internal compliance.
Steps to enable and configure
You don't need to do anything to enable this feature.