For every verification, bronID automatically calculates the IDV Risk (Identity Verification Risk). This score is derived from the information collected and processed during the verification. Please note that the IDV Risk is not the same as Customer Risk, nor should it be used as a substitute.
The purpose of the IDV Risk is to help you make quick, informed decisions based on a single indicator that summarises all relevant data points collected by bronID. However, you should always review the full verification details before deciding whether to onboard a customer.
The IDV Risk for individuals is based on the following factors:
- Country of residence
- Jurisdiction of the identity document issuer
- PEP (Politically Exposed Person) screening results
- Sanctions screening results
- Watchlist screening results
- Other relevant parameters
How the IDV Risk Score is determined:
The final IDV Risk Score represents the maximum risk level observed across all the individual parameters assessed. This approach ensures that even a single high-risk indicator (e.g. sanctions match or jurisdiction) appropriately elevates the overall risk rating, helping to flag verifications that require closer attention.
IDV Risk Score values:
The risk score can take one of the following values:
- Low
- Low-Medium
- Medium
- Medium-High
- High
