WFM is a totally flexible solution that works across a number of different events and use-cases.
See some examples below.
A customer application process uses a mix of historical data and risk checks from 3rd party vendors to develop a digital picture of a KYC process
Identifying data elements to trigger negative activity from an application process as a potential risk
Conducting a risk-based KYC check, to ensure there are no immediate anomloies detected that create concern, before the mandatory ID check with a bureau is completed
The ability to use multiple vendors in the same category type to retrieve data if the primary service was down or unable to obtain a match
Organisations can use WFM in a number of different ways from a basic access to more data sources, to a more comprehensive end-to-end solution with scoring capability