Custom Risk Bands with Automatic Classification

Score Bands & Risk Levels

PrimeAML's Score Bands & Risk Levels feature allows you to define custom risk bands with automatic classification based on calculated risk scores, enabling clear risk categorization and reporting capabilities. This system provides a standardized way to categorize client risk, making it easier to communicate risk levels, apply appropriate controls, and generate consistent reports.

The score band system automatically classifies clients into risk bands based on their calculated risk scores. You can define custom risk bands (e.g., Low, Medium, High, Very High) with specific score ranges for each band. This classification is then used throughout the system for reporting, workflow automation, and risk management decisions.

Key Features of Score Bands & Risk Levels

Our comprehensive score band solution includes all the tools you need to define and manage risk classification effectively.

• Custom Risk Bands
  Define custom risk bands (e.g., Low, Medium, High, Very High) with descriptive names and labels for clear communication.
• Score Range Configuration
  Configure score ranges for each risk band, defining the boundaries for automatic classification.
• Automatic Classification
  Automatic classification of clients into risk bands based on calculated risk scores, ensuring consistent categorization.
• Multiple Band Sets
  Define multiple band sets for different risk models, enabling specialized classification for different client types or business lines.
• Band-Based Reporting
  Generate reports and analytics by risk band, enabling clear risk categorization and trend analysis.
• Workflow Integration
  Integration with workflow automation enables risk band-based actions and notifications for efficient risk management.

Why PrimeAML's Score Bands & Risk Levels Stand Out

PrimeAML's Score Bands & Risk Levels provide clear, standardized risk categorization that supports effective risk management, reporting, and decision-making.

• Clear Categorization
  Standardized risk bands provide clear, consistent risk categorization that is easy to understand and communicate.
• Flexible Configuration
  Custom risk bands and score ranges enable configuration that matches your risk management approach and business needs.
• Automatic Classification
  Automatic classification ensures consistent risk categorization without manual intervention.
• Reporting Support
  Risk band-based reporting enables clear risk categorization and trend analysis for management and regulatory purposes.

PrimeAML's Score Bands & Risk Levels provide the clear categorization and reporting capabilities you need for effective risk management, ensuring consistent risk classification and supporting informed decision-making.