Crystal’s Configurable Risk Score Feature

by the Crystal development team

Aug 08, 2019

Our brand new Configurable Risk Scoring feature introduces now allows all users to customize their AML risk scoring preferences when using our proprietary risk-scoring algorithm.

Our analysts assign Risk Scores to known entities based on their activities and transactions. That Risk Score is then propagated to other addresses as the entities continue to interact with one another.

Now, you can assign your own Risk Score to the entities you are screening for AML reasons or other — once you do so, the Risk Score of all related addresses is recalculated. We hope this makes it even easier for you to conduct your research and investigations according to your mandate.

A sample of an AML risk score profile

Configuring Your Risk Scoring Preferences

You can now input your preferred risk score value for each entity type and how strongly you want that score to influence the entities/transactions related to it. If your company primarily needs to detect interactions with darknet markets, you may set the highest strength of influence for this entity type, while other types may be given a mid-level or lower strength of influence.

You may also configure your risk scoring preference for the direction of the transaction. If you are researching ransomware attacks, an address of a victim who sent a payment to the hacker’s address would be treated differently than the address of the hacker themselves, if you configure higher risk scores for incoming transactions.

Setting Several Risk Profiles

The set of Risk Score configurations is called a Risk Score Profile. You may create any number of Risk Score Profiles and switch between them depending on the case you are working on.

Our analysts have also prepared a default profile to fit the needs of the average platform user, as a template profile.

(This feature is always available in the list of your Risk Score Profiles.)

We hope this feature improves your experience using Crystal analytics for compliance and due diligence processes.

Get in touch if there are any features you’d like to suggest to the team, or if you’d like more information about the platform.

Similar news

V 2.15: Risk Score Profiles, Alert Settings, Customer Connections & Search Logs

In the latest update, the analytics team has improved risk scoring profiles, alert settings, customer connections, and added a search logging solution.

by the Crystal analytics team

Jun 23, 2020

Transfer Rechecks, CSV Export Options, and Interaction Alerts

In the latest product update to Crystal analytics, platform users can now configure regular transfer rechecks, download a CSV export file, and create interaction alerts.

by the Crystal development team

May 28, 2020

Configurable Alerts and New API Endpoint for Pre-Transfer Checks

In the latest update to the Crystal Blockchain platform, version 2.13, we have updated our alert settings and developed a new API endpoint for withdrawal transaction transfers

by the Crystal development team

Apr 30, 2020

New Crystal Features: Geographical Attribution, New Clustering Algorithm, Real-Time Risk Scoring, & Slack Notifications

In the latest update to the Crystal Blockchain platform, version 2.12, clients now have access to a whole host of new features that enhance compliance and due diligence requirements

by the Crystal development team

Apr 03, 2020

Crystal Analytics Now Supports Tether

Several features have just been added to the Crystal Blockchain platform including Tether (USDT) support

by the Crystal development team

Feb 17, 2020

Crystal Now Has Corporate Accounts & Euro View

Crystal has just made Corporate Accounts available for our clients, along with the addition of live bitcoin to Euro conversion!

by the Crystal development team

Jan 20, 2020

Crystal Light Version and Address Tagging

Crystal clients can now use address tagging, investigative case sharing, and choose the lighter version of the analytics platform

by the Crystal development team

Dec 02, 2019

Added Functionality for Crystal’s Monitoring & Case Management Tools

In update 2.7 of the Crystal blockchain analytics platform, we rolled out improvements to the Monitoring features and the Case Management system to assist with your investigational needs.

by the Crystal development team

Nov 05, 2019

Crystal™ Blockchain Analytics Supports Litecoin

We’ve added yet another coin to the Crystal analytics platform, as well as making major improvements to the Case Management monitoring system

by the Crystal development team

Oct 01, 2019

Crystal™ Blockchain Analytics August Update

This month we released several new features and updated our product roadmap as we tackle cryptocurrency compliance issues.

by the Crystal development team

Sep 05, 2019

Crystal’s Advanced Case Management Solution

Our analytics platform now includes an Advanced Case Management System for multi-account onboarding, tracking, and monitoring. This system designed with our corporate clients in mind.

by the Crystal development team

Jul 04, 2019

Enhanced Notifications, Connections, and Tracking

Three exciting product updates and feature improvements

by the Crystal development team

May 30, 2019

Added ERC-20 & ERC-721 token support

Expanded functionality on the Ethereum blockchain

by the Crystal development team

Apr 30, 2019

Crystal Blockchain Analytics Launches New “Activity” Tracking Feature

The Crystal analytics platform has just rolled out a new feature - the Activity tracking feature. It enables users who need to monitor the activity of a certain address or set of addresses over a longer time period.

by the Crystal development team

Feb 03, 2019

Crystal Blockchain Expands Coverage with Bitcoin Cash Blockchain

The Bitfury Group have released version 1.60 of the Crystal analytics platform adding analytical support for Bitcoin Cash. As a result, many Bitcoin Cash entities and addresses are now available on the database. Read full announcement at the link above.

by the Crystal development team

Oct 22, 2018