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 |