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Regions

Core Record Management Addresses Audit Buildings Countries Jurisdictions Legal Entities Locations Regions
Core Record Management Addresses Audit Buildings Countries Jurisdictions Legal Entities Locations Regions
New to this diagram? Learn about the method: Use Case Tree · Use Case · Outcome

Region reference data in the Client 360/KYC context provides geographic risk classification at a higher level than countries, supporting risk assessment and sanctions compliance. This use case addresses managing regions defined in multiple ways (geographic, economic, political, regulatory), maintaining region risk ratings, understanding relationships between regions and countries, tracking dynamic region risk levels, and enabling region-based risk assessment and screening for customers with multi-regional operations.

Region reference data provides geographic risk classification at a higher level than countries, used across multiple use cases including Know Your Customer, Legal Entity Management, and Risk Management.

The Challenge

Financial institutions face challenges in region management:

  • Definition complexity — Regions can be defined in multiple ways (geographic, economic, political, regulatory)
  • Risk classification — Determining and maintaining region risk ratings
  • Relationship mapping — Understanding relationships between regions, countries, and jurisdictions
  • Dynamic changes — Region risk levels and definitions change over time
  • Customer assignment — Determining which regions apply to customers with multi-regional operations
  • Data consistency — Ensuring consistent region data across systems
  • Sanctions implications — Tracking which regions are subject to sanctions or embargoes
  • Regulatory requirements — Understanding region-specific regulatory requirements

Why EKG is Required

Enterprise Knowledge Graphs provide powerful region management capabilities:

  • Hierarchical modeling — Model relationships between regions, countries, and jurisdictions
  • Risk classification — Connect regions to risk ratings and compliance requirements
  • Temporal tracking — Track changes in region risk levels and definitions over time
  • Customer linking — Connect customers to regions for geographic risk assessment
  • Sanctions integration — Link regions to sanctions regimes and embargoes
  • Multi-dimensional analysis — Analyze customer risk based on regional relationships
  • Reference data management — Maintain authoritative region reference data with relationships

Business Value

  • Risk assessment — Assess geographic risk based on customer regional relationships
  • Regulatory compliance — Meet requirements for region-based risk assessment
  • Sanctions compliance — Identify customers in sanctioned regions for enhanced screening
  • Data quality — Maintain consistent and accurate region reference data
  • Operational efficiency — Automate region-based risk assessment and screening
  • Strategic insights — Understand regional distribution of customer base and risks