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Product related risk factor

Suggest edit Updated on April 2, 2021

Regulations in the financial industry require that you assess the risk profile of your individual and organization customers.

The product related risk factor applies to individual and organization customers. Direct costs, for example, claims, discounts, and product recalls, can have a huge impact on a company. Indirect costs, such as loss of market share and deteriorating reputation, can have a similar impact.

The product related risk is calculated based on product vulnerability in the Add products step. A flag is set as Yes or No for each vulnerable product in the product matrix table. If the product is vulnerable, it adds a score of 50 to the risk calculation. If it is not vulnerable, the added score is 0.

The risk is calculated using the ProductRelatedRisk and ProductVulnerabilitiesScore expressions.

The risk for each product is calculated whenever you click Save in the case.

Rule name

Class

Type

Ruleset

Description

ProductRelatedRisk

PegaFS-Data-RiskProfile

Scorecard

PegaFS

Evaluates the product related risk.

VulnerableValue


PegaFS-Data-ProductMatrix

Map value

PegaFS

If the product is vulnerable, it adds a score of 50. If it is not vulnerable, the added score is 0.

ProductVulnerabilitiesScore

PegaFS-Data-RiskProfile

Declare expression

PegaFS

Sums up all vulnerable scoring values from the list of products in the WorkFolder class.

VulnerableValue

PegaFS-Data-RiskProfile

Declare expression

PegaFS

The result of VulnerableValue map value.

ProductVulnerabilityRiskScore

PegaFS-Data-RiskProfile

Declare expression

PegaFS

Populates the ProductVulnerabilityRiskScore score from the scorecard.

ProductInformationSave

PegaFS-Data-Party-MasterProfile

Declare trigger

PegaFS

Runs when the ProductAdoption pagelist is changed. Adds the product information on the risk profile page.

For more details about how to extend customer risk properties, see the Implementation Guide on the Pega Client Lifecycle Management for Financial Services page.

Tags

Pega Foundation for Financial Services Pega Onboarding for Financial Services System Architect Lead System Architect Business Architect User Experience Designer Project Manager System Administrator Financial Services
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