Customer Risk Assessment

Ignorance isn’t bliss, it’s a blueprint for trouble. Foresightedness is the best defence.

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Criminal History

Blacklist

Foreign PEP

Domestic PEP

Adverse Media

Sanctions

Grey List

Build Customer Risk Profile like Writing a Biography

Customer Risk Assessment is a litmus test to prioritise and counter potential financial crimes associated with them. It’s a ride constantly assessing, verifying, and reassessing whom you’re dealing with. It starts with the handshake (Customer Due Diligence), where we verify identities, assess backgrounds, and ensure no skeletons are hiding in the closet. But when the red flags wave (think PEPs, high-risk geographies, or suspicious transactions), we switch gears (Enhanced Due Diligence).

We keep our eyes on transactions, behaviours, and sudden changes that scream “Something’s not right.”

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The Art of Suspicion

When casting for a high-stakes heist movie, you need to know exactly who you’re dealing with before letting them in the vault.

Scene 1

The Grand Introduction

‘Let’s see what we’re dealing with. Ownership structure? Financial background? Industry? Time to break it down.’

Before rolling out the red carpet, we start with KYC. This means verifying and identifying the customers, ensuring they are exactly who they are claiming to be. KYC questionnaires, business licenses and identification records are pulled in. No fakes, no aliases, just plain truth.

Scene 2

Separating the Saints from the Suspects

‘Every detail matters. A legit business can still have cracks in its foundation.’

Once identified, customers are assessed on the basis of risk factors depending upon the geographies, industry, products, services, delivery channels, and new technologies. Not every entity is built the same. Some businesses are legit, others operate in murky water, and few are full-blown fraud factories. Hence, we assign weightage to different risk factors because a small-town business shouldn’t be on the same level as an offshore shell company.

Scene 3

The Associates- Friends or Foes?

No one operates alone. Let’s see who’s pulling the strings.

A business is only as clean as the company it keeps. The Related Party Analysis gets into the shareholders, past deals and hidden connections. A corrupt shareholder? A politically exposed director? Connection to high-risk entities? Any history of financial fraud or regulatory trouble?

Scene 4

The Numbers Don’t Lie

No hunches, no assumptions. These are just cold, hard facts.

Time to crunch the numbers. Unlike old-school detective work, RapidAML automates the risk assessment. Our automated risk score computation:

Processes risk factors and related party scores in seconds.
Risk weightage is dynamically assigned, eliminating manual guesswork.

Risk category is auto-updated in the compliance dashboard.

Scene 5

Background Checks

‘Trust but verify’ they say we prefer to verify first.

For most customers, simplified due diligence is enough to make sure they are not linked to money laundering, financial crime or fraud. But when a customer raises eyebrows (high-risk jurisdiction, complex ownership structures or large transactions), we switch to Enhanced Due Diligence.

Scene 6

The Final Verdict. Onboard or Reject?

Silence isn’t golden, it’s compliance suicide.

After collecting all the intelligence, we assign risk scores based on our findings. If the customer clears the risk assessment, proving to be a low-risk or medium-risk customer, they are onboarded. If something looks fishy, the customer is rejected, Suspicious Activity Reports (SARs) are filed, and authorities are looped in.

Hang on, we don’t stop there! There’s more to what we weave.

A magnifying glass in hand, scouring every detail for clues.

Yes! A detective. But what if the detective is a super-smart robot? That’s exactly how our ‘Customer Risk Assessment’ works. The best part? It’s automatic! All the details are pulled from the ‘Screening Risk Assessment’ and ‘KYC Questionnaire,’ which means you don’t get to play detective. Instead, you get a personal assistant who knows the story inside and out before you even blink. No need for Herculean logic or a magnifying glass when you have this kind of tech on your side.

The saviour your business has been waiting for

Not just any kind of automation, we’re talking about an AI assistant that never sleeps, never takes a coffee break, and certainly never misses a detail. While you’re enjoying your morning coffee (or tea, we don’t judge), the AI has already scanned, assessed, and produced a risk profile without screaming, ‘I’m drowning in paperwork’.

Not everyone fits in the same mold

Here’s the deal: in cooking, some dishes need a slow simmer, while others are ready in minutes. Your customers’ risk profiles determine how often their reviews are served up. A low-risk customer? A quick, annual check is usually all it takes, like putting a frozen pizza in the oven and letting it bake. But for high-risk customers? You might need to keep an eye on things a little more frequently, like milk kept for boiling. The point is, each customers’ risk is unique, and so should be the frequency of their risk assessment. With RapidAML, get personalised attention, so you’re always ready for what’s next.

We go over and beyond to exceed your expectations

Risk Isn’t a One-Time Assessment

It’s a Living and Breathing Process.

Clear Skies Ahead

Before an aircraft even takes off, every passenger must be carefully checked. Sometimes the truth behind their identity isn’t clear. Is that well-dressed business tycoon truly a corporate magnate or someone with a flashy disguise? There’s turbulence and risks lurking in the clouds, so buckle up and let’s take off on this adventure.

In-Flight Drama	Smooth Landing
‘Captain, we have an issue with Passenger 7C.’	Like an AI-powered boarding gate, our customer risk assessment scans the database, identifying potential risks before they step on board.
‘Captain, we’re seeing unusual activity in Seat 12A. Multiple transactions in different countries within minutes.’	A flight might take off, but unexpected turbulence can hit at any time. These turbulences come in the form of unusual transactions. Rapid withdrawals, erratic spending patterns, and money movements that don’t add up. With RapidAML’s, automated risk scoring, and real-time alerts, no suspicious activity flies under the radar.
‘Sir, there’s an issue with the cargo. Declared items don’t match what’s actually inside.’	Think of custom officers for financial transactions. No unverified baggage gets through. RapidAML’s customer risk assessment digs into the customer profile, global watchlists, and other records, ensuring every risk is taken into account.
‘Control tower, we have a high-profile customer onboard. Are we clear for landing?’	RapidAML instantly flags PEP scans, sanctions lists and continuously monitors their risk level. It’s like an air traffic control tower guiding your compliance team safely through restricted airspace. No blind spots, no unexpected turbulence.
‘Ladies and gentlemen, we’re making our final descent. Please fasten your seatbelts.’	RapidAML brings smooth land to every compliance journey, smoother than a pilot’s perfect touchdown. Glide into regulatory safety. Sit back, relax, and trust the system that keeps your financial skies clear and your seatbelt signs off.

Moral of the Story

A smooth flight does not happen by chance. And it’s definitely not just about good weather. It takes a skilled crew and constant vigilance to avoid unexpected turbulence. So, fasten your seatbelt, trust RapidAML, and enjoy the smoothest compliance journey. Just clear skies and a safe, successful landing every time.

Curtain Call

Witness RapidAML in its full glory!

Get on a call with our experts and we’ll roll out the red carpet just for you. Let’s dive into your unique challenges and unveil how our customer risk assessment can turn compliance into a well-orchestrated masterpiece.

Consider this as your regulatory renaissance where hurdles become highlights and compliance feels like a chore and more like a charm.

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Screening

Case Management

KYC