Policies, sometimes referred to as “Risk Policies” are a system designed on the platform to automatically group a batch of Risk Decisions at once . …automatically.
Policies - What makes up a policy?
A policy is made up of 5 components, Decisions, Sub-Decisions, Rules, Dependencies, and Failover Dependences. See the table below for descriptions of each:
Policy Component | Description |
Decisions | A configuration of risk rules allowing Facilitators or Referrers to set specific risk criteria to determine the automated action that should occur to a transaction or entity. |
Sub-Decisions | Conditional Decisions offered based on the primary Risk decision offered. |
Rules | Specified risk criteria set and required to trigger an individual Decision Action. |
Dependencies | The result of another Decision acts as a prerequisite to trigger the current policy. |
Failover Dependencies | The action that should be taken if a Decision dependency fails or an error occurs to avoid the decision action. |
- Yes
- No