AML Models: Moving from rules to statistical based models to better measure customer risk

Financial institutions have been managing their AML models to meet regulatory expectations for some time. But what about customer risk rating models? We’re seeing a trend where firms are re-evaluating whether their heuristic, rules-based customer risk rating models can withstand regulatory expectations. Rules-based models follow simple analytical formulas, such as, [...]

AML Models: Moving from rules to statistical based models to better measure customer risk was published on SAS Voices by Jason Grasso