Revolut Analytical Challenge

Revolut Analytical Challenge
Congratulations on making it to the Challenge stage of the application process! The goal of this
home task is to assess your ability to generate great ideas and solve problems that our team
has faced in the past!
There are two independent tasks in this challenge:
● Improving KYC (main task)

● Catching fraud (bonus task)
Your submission should contain:
1. Improving KYC report in pdf / doc / html (up to 1 page or 5 slides, optional appendix)
2. Optional: Catching fraud report in pdf / doc / html (up to 2 pages or 3 slides)
3. Optional: Supporting materials (calculation files, additional analysis, etc)
If the files are too big please upload to external storage (gdrive, dropbox, etc.). Make sure to
allow public access and send the coordinator the link.
Deadline: 7 Days from the date you received the email

Task 1: Improving KYC
As a financial institution regulated by the FCA, Revolut has the obligation to verify the identity of
all customers who want to open a Revolut account. Each prospective customer has to go
through a Know Your Customer (KYC) process by submitting a government-issued photo ID and
a facial picture of themself to our partner, Veritas. Veritas then would perform 2 checks:
• Document check: To verify that the photo ID is valid and authentic;

• Facial Similarity check: To verify that the face in the picture is the same with that on the
submitted ID.
The customer will ‘pass’ the KYC process and get onboarded if the results of both Document
and Facial Similarity checks are ‘clear’. If the result of any check is not ‘clear’, the customer has
to submit all the photos again.
The “pass rate” is defined as the number of customers who pass both the KYC process divided
by the number of customers who attempt the process. Each customer has up to 2 attempts.
The pass rate has decreased substantially in the recent period.
Please write a report that outlines the root causes and solutions.
Relevant files:
• facial_similarity_reports.csv - Reports of all Facial Similarity checks
• doc_reports.csv - Reports of all Document checks
• veritas.html - The API documentation of Veritas explaining some terms used in the reports
(you might need to download it to your computer and open it with a browser)
The candidate is free to use Excel or any scripting language to parse and analyse the data.
Please show all your work (including your code if applicable) and assumptions.
Task 2: Catching fraud (Bonus)
Financial Crime team has noticed something odd happening over the last few days and have
requested additional information to investigate. They asked for your help in analysing the data.
You’re not sure what you’re looking for but you’re sure that once you get your hands on that data,
you’ll be able to figure it out in no time!
In the folder, the data team have provided six files and a message for you.
1. Examine the following SQL query, and explain clearly and succinctly what it means. Will
the query work? Explain why or why not.
WITH processed_users
AS (SELECT LEFT(u.phone_country, 2) AS short_phone_country,
u.id
FROM users u)
SELECT t.user_id,
t.merchant_country,
Sum(t.amount / fx.rate / Power(10, cd.exponent)) AS amount
FROM transactions t
JOIN fx_rates fx
ON ( fx.ccy = t.currency
AND fx.base_ccy = 'EUR' )
JOIN currency_details cd
ON cd.currency = t.currency
JOIN processed_users pu
ON pu.id = t.user_id
WHERE t.source = 'GAIA'
AND pu.short_phone_country = t.merchant_country
GROUP BY t.user_id,
t.merchant_country
ORDER BY amount DESC;
2. Now it’s your turn! Write a query to identify users whose first transaction was a
successful card payment over $10 USD equivalent
3. Find 5 likely fraudsters (not already found in fraudsters.csv!), provide their user_ids, and
explain how you found them and why they are likely fraudsters.
Feel free to ask us any questions you might have, but before you do, please check out
the FAQ file Here.
Good luck!

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There are two independent tasks in this challenge:

● Improving KYC (main task)

Your submission should contain:

Deadline: 7 Days from the date you received the email

• Document check: To verify that the photo ID is valid and authentic;

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