The business activity risk factor for an industry is determined by the potential risk they present to the bank. For example:
| Business Category | Risk Factor | |
|---|---|---|
| Casino | 10 | |
| Precious Metals Exchange | 9 | |
| Currency Exchange | 9 | |
| Jewellery Store | 8 |
Business activity risk for a customer with an estabilished business (in activity for 2 years or more) depends on the business activity risk factor:
| Risk Factor | Business Category | Risk Rating | |
|---|---|---|---|
| 7 or above | Casino | High | |
| 5 to 7 | Jewellery Store | Medium | |
| Under 5 | Software Development | Low |
The Business Activity Risk factor for a customer is determined by the industry risk factor, how long the business has been in activity. A business with less than 2 years activity is considered high risk:
| Business Start Date | Application Date | Business Category | Risk Rating | |
|---|---|---|---|---|
| 01-01-2016 | 31-12-2017 | Software Development | Medium | |
| 01-01-2018 | 31-01-2018 | Jewellery Store | High | |
| 01-01-2018 | 31-01-2018 | Casino | Unacceptable |
When a customer works in {Business Category}
Then their base business activity risk factor should be {Risk Factor}
Examples: High Risk
| Business Category | Risk Factor | |
|---|---|---|
| Casino | 10 | |
| Precious Metals Exchange | 9 | |
| Currency Exchange | 9 | |
| Jewellery Store | 8 |
Examples: Medium Risk
| Business Category | Risk Factor | |
|---|---|---|
| Convenience Store | 7 | |
| Real Estate Broker | 6 |
Examples: Low Risk
| Business Category | Risk Factor | |
|---|---|---|
| Software Development | 3 |
Given a business with the following details:
| Name | Category |
|---|---|
| ACME | Casino |
When the business risk profile is assessed
Then the risk rating should be High
Given a business with the following details:
| Name | Category |
|---|---|
| {Name} | {Category} |
When the business risk profile is assessed
Then the risk rating should be {Risk}
Examples:
| Name | Category | Risk | |
|---|---|---|---|
| Teds | Convenience Store | Medium | |
| Jills | Software Development | Low |
When a customer with a business risk factor of {Risk Factor}, such as for a {Business Category} business
And the business been operation for more than two years
Then their business activity risk rating should be {Risk Rating}
Examples:
| Risk Factor | Business Category | Risk Rating | |
|---|---|---|---|
| 7 or above | Casino | High | |
| 5 to 7 | Jewellery Store | Medium | |
| Under 5 | Software Development | Low |
When a business of type {Business Category} established on {Business Start Date} applies to open an account on {Application Date}
Then their business activity risk rating should be {Risk Rating}
Examples:
| Business Start Date | Application Date | Business Category | Risk Rating | |
|---|---|---|---|---|
| 01-01-2016 | 31-12-2017 | Software Development | Medium | |
| 01-01-2018 | 31-01-2018 | Jewellery Store | High | |
| 01-01-2018 | 31-01-2018 | Casino | Unacceptable |
| Scenario Results (including rows of test data) | Automated | |
|---|---|---|
| Passing | 11 | 69% |
| Pending | 3 | 19% |
| Ignored | 0 | |
| Skipped | 0 | |
| Unsuccessful | ||
| Failed | 1 | 6% |
| Broken | 1 | 6% |
| Compromised | 0 | |
| Total | 16 | |
| Scenario | Steps | Start Time | Duration | Result |
|---|---|---|---|---|
| The business activity risk factor for an industry (7 examples) | 2 | 21:36:06 | 00:00 | |
| An example of a high risk business | 3 | 21:36:09 | 00:00 | |
| A few more examples of a high risk businesses (2 examples) | 3 | 21:36:09 | 00:00 | |
| The business activity risk factor for an established business (3 examples) | 3 | 21:36:09 | 00:00 | |
| Businesses established less than 2 years ago are considered higher risk (3 examples) | 2 | 21:36:09 | 00:00 |