We have a need to initiate a customer credit check at certain checkpoints along our customer corridor, e.g. before order submission, or during customer on-boarding.
Is TMF696 Risk Management the right TMF API for this?
TMF696 provides an abstraction over a business assurance capability, for assessing the risk associated with various use cases. The underlying implementation would presumably look at results of external credit checks (against commercial credit agencies), internal payment history, collection/dunning events, and more, in order to evaluate the risk.
The credit check result is modeled as part of Party in the sub-entity PartyCreditProfile, but there is no current API that causes this to be populated.
Hope it helps
@Gadi Solotorevsky, TMF Business Assurance Lead, might have additional insights.