iDenfy Customer Risk Assessment Service is a risk scoring tool designed to help businesses evaluate and manage the risk profiles of individual and business clients. It is built to support AML (Anti-Money Laundering) compliance and integrates with KYC (Know Your Customer) and KYB (Know Your Business) workflows. Risk scoring is calculated using a weight-based system. Each risk category contains multiple rules, and the system sums the maximum possible results across rules to produce a final risk score ranging from "Very Low" (1) to "Very High" (5). Category weights are assigned by the user and must sum to 100%. The tool is fully customizable: users can define risk categories (e.g., geographical, customer, products & services, delivery channels), create rules manually or select from a pre-built library, assign weights per category, and configure override rules that bypass standard calculations for specific high-risk conditions. Risk assessments are automated, replacing manual spreadsheet-based processes to reduce human error, lower costs, and accelerate the customer onboarding process. All historical data is stored and retrievable for up to 8 years to support audit requirements and internal compliance policies. The service complies with GDPR and CCPA regulations and holds SOC, ISO 27001, and iBeta ISO 30107 certifications. iDenfy's products are covered by cyber insurance and Technology Errors & Omissions insurance.