📄️ Working with Risk Functionality
The purpose of this User Guide is to show users how to access the Risk Domain and Configure Risk within Fenergo SaaS. This includes configuration of Risk Models, Configuration Models used for calculating the Risk and the Thresholds used to determine the outcome of each Risk Assessment as well as the Next Review Date for an Entity.
📄️ Working with Advanced Risk Functionality
Using the Assessment Tool
📄️ Working with Related Party Risk
Introduction
📄️ Using the Product Risk Assessment Task
The products owned or utilized by a customer offer invaluable insights into their activities and the depth of their relationship with an institution. However, each product offered or associated to a client carries its own risk. Understanding that risk is essential for effectively evaluating and managing the overall risk exposure of both the client and the institution.
📄️ Using the Risk Impact Assessment Feature
This feature allows our customers to re-asses their existing entities against new risk configuration and review the impacts on Risk Score and Risk Ratings by comparing Assessed to Verified values. Changes to Risk Models are carefully planned. Testing the changes can be challenging due to diverse client personas. This feature addresses 2 key objectives for customers when making changes to Risk Configuration:
📄️ Using the Bank Account Risk Assessment Task
Each bank account associated with a client carries its own risk. Understanding that risk is essential for effectively evaluating and managing the overall risk exposure of both the client and the institution.