πŸ“˜ Risk-scoring-engines – Legal FAQs

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❓ What is a risk scoring engine?

It's a tool that assigns risk scores to users, businesses, or transactions based on data and rules.

❓ Where are they used?

In lending, insurance, fraud detection, KYC onboarding, and compliance risk assessments.

❓ How is a score calculated?

Using user profile data, behavioral patterns, financial history, device fingerprints, and external blacklists.

❓ Can these tools detect fraud?

Yes, real-time scoring can flag anomalies like account takeovers, high-risk geographies, or fake identities.

❓ Are they customizable?

Yes, platforms offer custom rules, ML-based scoring models, and thresholds tailored to business needs.

❓ Do they support regulatory norms?

Yes, scores can align with RBI/SEBI compliance, PEP/AML checks, and digital onboarding guidelines.

❓ Are scores explainable?

Advanced engines provide reason codes and feature importance to support decision transparency.