Patent ID: 8527400

Claim:
A computer-implemented method to manage risk related to opening a client account, the method comprising: receiving, into a computer system, client corporate structure information relating to a client seeking to open the client account, the corporate structure information including a plurality of data elements, wherein each data element has an assigned numerical risk level value representing a relative risk potential associated with that data element; structuring, by the computer, the received data elements according to a risk quotient criteria associated with a reputational risk of opening the client account, wherein structuring includes associating the received data elements to the risk quotient criteria, and wherein said reputational risk relates to a professional standing in an industry of an account opening entity providing the client account; assigning, by the computer, a predetermined weight to the risk quotient criteria according to relative importance of the risk quotient criteria; retrieving the risk level value corresponding to each data element; calculating, by the computer, a risk quotient based on the risk level value corresponding to each data element and the weight associated with the risk quotient criteria; and generating, by the computer, at least one suggested action based on the calculated risk quotient.