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

  1. Enable configuration settings for ARR-based risk assessments tied to KYC model changes:
    For the applicable KYC batch pipeline(s), enable the specific model change(s) you want to track and use for Accelerated Re-review (ARR) assessments in the pre-filter widget. These settings are disabled by default.
  2. Add the new task as part of KYC Daily batch:
    The LoadKYCModelBasedChangeLogData task compares the current versions of the Algorithmic Scoring and Business Check models to those used in the previous batch run for the jurisdiction associated with the specified Risk Assessment pipeline. The system identifies and logs all model changes. By tracking these changes, the task supports Accelerated Re-review (ARR) process, allowing for targeted customer re-evaluations based on model updates.
    This task is included in KYCDaily batch by default. If this feature is not required, ensure that the task is removed before executing the KYCDaily batch.

Tips and considerations

Key resources