Dynamic risk assessment tool
Pingwire's dynamic risk rating evolves in real-time, adjusting according to the latest behavioral patterns and data
Pingwire Risk Management
Our sophisticated tool employs cutting-edge techniques to assess risk continuously. Whether onboarding new customers, launching new products, expanding into new markets, or facilitating transactions, we go beyond static risk scores. Unlike traditional static risk scores, which relies solely on predefined rules and thresholds, our dynamic approach adapts in real-time to the latest data and trends, guaranteeing unmatched accuracy and effectiveness.
Rule engine
The rule engine serves as the core of Pingwire Risk Management, enabling clients to design and implement tailored rules that monitor all your risk processes. This proactive approach ensures that all potential risks are promptly identified, with relevant alerts automatically generated for further investigation.
Customizable risk classes
Set up tailored risk classes to match your risk tolerance and business needs, ensuring flexibility and control. Segment your portfolio into various levels of financial crime risk and align with your BWRA for streamlined management.
Dynamic risk score
Risk score that evolves in real-time, adjusting according to the most recent behavioural patterns and data. The risk calculation considers previous alerts, input from the KYC process, entity provided data, external data, as well as any custom data required by clients.
Transparent scoring
Gain visibility into the factors influencing each transaction's risk score, empowering you to understand and address potential vulnerabilities effectively. Set risk scores depending on, but not limited to, customer segments, markets, products, distribution channels or previous scores.
Facilitate risk-based procedures
Implement specific routines and protocols based on the categorized risk levels. Processes can be initiated based on certain thresholds in the risk level, e.g. trigger a ECDD when a customer reaches a specific risk level.
Model validation
Pingwire's model validation systematically extracts crucial reports to uphold the integrity and accuracy of your risk model. With a reliable audit trail, rest assured that no detail is overlooked when following up on your risk model with relevant reports extracted from the system.
