Description
Determining threshold level at which to flag compliance risks
Technology & data
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Use CaseLegal and ComplianceFinancial Services / Banking
Determining threshold level at which to flag compliance risks
Determining threshold level at which to flag compliance risks with the aim to minimise both ''false positives'' and ''false negatives'' both of which carry a cost
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Risk reduction
Risk reduction - Reduced compliance risk
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Risk reduction
Risk reduction - Evaluate counter-party risk (eg credit scores)
£
Cost
Cost - Reduce wastage