For every verification, bronID automatically calculates the IDV Risk (Identity Verification Risk). This indicator is derived from the information that is collected and processed by bronID. Please note that the IDV Risk is not the same as the Customer Risk or a substitute for it. The IDV Risk should enable you to make quick decisions by reviewing one indicator that summarises all the data points collected by bronID. You should always check the detailed verification results when making a decision about whether to onboard a customer or not.
The following data points are taken into account when calculating the IDV Risk of individuals:
- Country of residence
- The jurisdiction that issued the identity documents used in the ID verification procedure
- PEP screening results
- Sanctions screening results
- Other watch-lists screening results
- Other parameters
The IDV Risk Score can have the following values:
- Low
- Low Med
- Medium
- Med High
- High
