1. Core User Manual
  2. Group Corporate Onboarding
  3. Step 2: Party Account Access

16.3 Step 2: Party Account Access

System/Bank Administrator can set up account and transaction access at the Group corporate level. The System/ Bank Administrator can provide access to accounts held by the corporate parties associated with Group corporate with as available in the core banking application or the respective mid-office application.

Bank administrator can set up the Account access for multiple corporate parties under Group Corporate a single step

Using this function system administrator can manage access for Current and Savings Accounts for both Conventional and Islamic, Credit Card, Term Deposit, Loan accounts along with Liquidity Management enabled Real Accounts (including External Accounts if any) and VAM enabled Real and virtual accounts for a Corporate.

Upon navigating to the specific category tab viz. Demand Deposits, Term Deposits, Loans etc., the administrator can select a global check box of ‘Map accounts’ for All ,to enable all the existing accounts under the selected category for channel banking. If specific accounts are required to be given access then the user needs to select the respective check boxes preceding the account number.

Note:

Access Management for Loan Accounts is for accounts fetched from Core Banking System i.e. FCUBS. It is not supported for accounts from Oracle Banking Corporate Loan (OBCL) system.

As part of this maintenance, Accounts and Transaction mapping maintenance can be done for all the corporate party ID mapped under Group Corporate in a single step.

Pre-requisites
  • Party preferences should be created for the party for which access is to be maintained
  • Channel Access should be enabled for party for which account access is to be maintained
  • Transaction access is provided to Bank Administrator.
  • Approval rule set up for Bank Administrator to perform the actions.

Figure 16-16 Workflow


Description of Figure 16-16 follows
Description of "Figure 16-16 Workflow"

Features Supported In Application

The following options are available as part of this maintenance:

Navigation Path:

From System/ Bank Administrator Dashboard, under Corporate Onboarding , click Group Corporate Onboarding and then click Party Account Access.

OR

From System/ Bank Administrator Dashboard, click Toggle Menu, then click Menu and then click Group Corporate Onboarding, UnderGroup Corporate Onboarding ,  click Party Account Access.

Parent topic: Group Corporate Onboarding