Tagging

Tagging in konaAI is the process of assigning labels to identify specific characteristics or attributes of a transaction. The platform offers two types of labels for tagging:

• Individual Transaction Tagging
• Collective Transaction Tagging

Tagging and annotation are valuable in transaction review for several reasons: 

• Improved data organization: By tagging and annotating transactions, users can effectively sort and filter through large volumes of data, facilitating the identification of trends and patterns. 
• Enhanced risk identification: Tagging transactions with flags allows for quick identification of high-risk transactions that require additional scrutiny. 

• Increased transparency: Annotations provide additional context and information about transactions, making it easier to understand the rationale behind specific decisions and actions taken. 

• Improved audit trail: Tagging and annotation contribute to creating a detailed audit trail of transaction activity, enabling easier tracking of changes and identification of potential issues or compliance violations. 

By leveraging tagging and annotation features, users can enhance the efficiency and effectiveness of transaction reviews, gaining additional insights and context for better risk identification and decision- making. 

It is important to begin your tagging journey by understanding the different tagging icons used in the konaAI application. 

• Flag : Represented by a red-colored flag, this label is used when a reviewer wants to highlight a transaction for future analysis or recall.  
  • By flagging a transaction, it can be easily identified as requiring additional scrutiny. 
• Downgrade : Represented by a downward green arrow, this label can be used when a reviewer knows that a transaction does not pose any risk.  
  • For example, transactions belonging to inter company transfers may be downgraded as they are typically low-risk. 
• Annotation:involves adding notes or comments to transactions to provide additional context or explain any unusual or unexpected activity.
  • For example, you might annotate a downgraded transaction to note that it was approved by a senior executive, or to explain why a flagged transaction may require additional review.  

Applying Tags to Transactions 

Tagging transactions in konaAI can be done either individually or collectively, depending on your project requirements.

Individual Transaction Tagging 

• Flagging for further Interest – To flag a transaction individually, locate the desired transaction and click on the flag icon.  

• This indicates you are interested in a potential future transaction review. 

• In the comments/notes window, provide optional annotations to provide additional context or explanations for the transaction. 

• Once flagged, the previously outlined flag turns red for easy reference.  

• If “Comments/Notes” are included, the annotation icon is filled in to indicate that annotations are present. 

• Downgrade for Low Risk – To downgrade a transaction individually, locate the desired transaction and click on the arrow icon.  

• The arrow will transform into a downgrade icon. You have the option to add comments if desired. 

Collective Transaction Tagging  

Flagging or Downgrading multiple transactions  

• Select all transactions of interest and select the “TAG” button on top. Then choose the Tag Action you desire (Flag, Downgrade, or Comments Only). 

• Add Notes/Comments if desired, then click “Save.” 

• You will see your updated tags in the grid. 

Utilizing Tags for Analysis and Reporting 

In case a reviewer wishes to see all tagged transactions; they can simply filter for the respective tag by clicking on “Filter by Tag” button, and then select the desired tag. Results are shown in the grid.