Corporate Accounts (Current/Checking and Savings)

This topic provides information about enhancements in the Corporate Accounts.

Account Restrictions & Entitlements

Introduction of Restrictions at account class and account level to restrict the usage of certain Branch, Currency, Customer, Transaction codes and Customer Category. Similar to Restrictions, Entitlements are also provided with Payment, Branch and ELCM Entitlement groups.

Uncollected Fund Basis

Uncollected Funds Available Same Day is the additional option provided which helps the bank to configure the limit based on Uncollected Funds. This option allows user to withdraw up to the amount that are credited today.

Hold code Maintenance

Hold codes can be created along with the category which helps banks to track the reason for which the hold code was created.

Account 360 Widget

Enhancements done to the existing Account 360 widget to help the users to view the Foreign Currency account balances in the Local currency equivalent balance. And also the Signature type and limit allowed for the signatures are also shown to the users.

Dashboard Widget

Enhancement done to the existing Dashboard widget to allow users to search the transactions based on the source code along with the Customer ID in the Referral queue widget.

UTC Time Zone Changes

It is recommended to store Audit Date/Time in UTC to provide proper reference to date and time of changes.

Bank Parameter - Account Mask with Wildcard Character

Wildcard character accepts either alphabet or Number. So, there is a flexibility for the Banks to have customized account number generation.

Account number generation can be Automatic / Manual.

• Automatic - If the account mask has the wildcard characters as part of the mask, then Numbers are used.
• Manual - If the account mask has the wildcard characters as part of the mask, then user is allowed to provide either number or alphabets.