3.2.1 Identification of Customers

KYC continuously identifies customers due to KYC risk scoring and verification. KYC identifies the customers using pre-filtering assessments which include the following:

• Account Opening Module: New accounts opened by new customers or new accounts by existing customers.
• Periodic Review: Customers who are due for review as a part of the continuous process of review.
• Accelerated Review: Customers who are to be re-reviewed due to a change in their information or change in behavior or re-assessing all customers due to a change in risk score of parameter or rule value or addition of a new rule or rule value.

Note:

For Deployment initiation, the data filters can be added during batch execution depending on the requirements of segmenting the data.