Functional Enhancements

The following are the functional enhancements as a part of Party in this release:

Table 1-5 Functional Enhancements

Summary Description
SMB Data Segments Following New Data Segments are introduced in SMB Party type.
  • Contact Details
  • Tax Details
  • Consent & Preferences
  • Last Contact Date
Retail Data Segment New field is added to Tax Declaration Data segment to capture Tax Resident Status.

Note: Due to addition of Mandatory field in Tax Data Segments, existing parties will require to be amended through Amend API request or new parties should be onboarded.

RDEP Integration OBPY in integrated with Retail Deposits to retrieve Certificate of Deposit information and display in Party View 360.
Configure Transport Auto-Authorization Auto Authorization feature is enabled for following maintenances:
  • Credit Agency
  • Location Maintenance
  • Organization Maintenance
  • Address Maintenance
  • External Branch Parameter
  • External Bank Parameter
Source Product ID Oracle Banking Party is enhanced to store sourceProductId field as received in request of Insta, Granular PATCH, and Party Amend PATCH APIs.

A new configuration DEFAULT_SOURCE_PRODUCT_ID is added in Properties Maintenance to define Default Source Product ID, if the same is not available in API Request.

Note: sourceProductId fields is an existing field in APIs and Event.

Related Party Relationship New data segment to capture Related Party Relationship is introduced in the Retail and SMB Party types.
Introduction of New Fields New fields are introduced in Retail and SMB Party in the following data segments:
  • SMB
    • Auth Sig Relationship
    • Business Information
    • Current Address
    • Previous Address
  • Retail
    • Basic Info
    • Current Address
    • Previous Address
Changes to Existing Fields Existing party information fields are updated for the following data segments:
  • Party to Account
    • Nick Name, Account Type, Percentage Owner field changed to Optional
    • Product Group, Application Type field changed to Mandatory
  • Retail
    • Retail Employment
      • Employee Type field changed to Optional
    • Service Member Info
      • Employee ID field changed to Optional
      • Rank and Service Branch fields changed to Mandatory
    • TIN Type and TIN Number in Relationship Attribute changed to View Only
Preferred Contact Validation The validation for preferred contact has been updated from the contact type (For example, Mobile and E-mail) to the contact sub-type (For example, Residential Mobile, Business E-mail, and so on). As a result, multiple preferred contacts can now be selected for each contact type based on the specific sub-type.
Note:
  • Not more than one preferred can be marked for a combination of contact type and contact sub-type.
  • At-least one preferred should be marked for a combination of contact type and contact sub-type.
Tax Country Code/Tax Province Code A new maintenance process has been introduced to effectively manage and update the Tax Country and Tax State/Province Codes. This ensures the accurate and compliant tax declaration procedures.
Maintenance Convert to RSO Framework Following maintenance are enhanced to RSO framework:
  • Properties maintenance
  • System maintenance
  • Host config
  • KYC maintenance
New Fields in Employment Details New fields are added to following data segment:
  • Employment Detail
Address Line Length Address Line 1, 2, and 3 length is increased to 70 Characters per line.

For more information on the functional activity codes, refer to the Party Configurations User Guide.