1.3 Originations

Table 1-7 Enhancements in Originations

Enhancements	Description
Originations Workflow Maintenance Enhancements	New APIs have been built to enhance the usability of the Originations Workflow Maintenance screens available to bank administrators. APIs to enable maintenance of Online KYC at the applicant role level for each banking product category have been created. APIs to support bank administrator enabling/disabling the Employment Information section in product application forms (at product category level) have been added.
Capture of Loan Repayment Frequency	A new API to support the selection of loan repayment frequency has been added in all retail and SMB loan application forms.
Joint Application Enhancements	APIs to support the addition of joint applicants that are existing customers of the bank have been added in CASA product application forms. Applicants can now initiate online Checking and Savings Application forms where, if the joint applicant is an existing customer of the bank, only basic information of the joint applicant is required to be captured - the joint applicant’s name, date of birth and banking customer ID. This reduces effort and greatly shortens the application form as well since detailed personal, contact and identification information of the joint applicant is not required to be captured. APIs to support selection of overdraft feature in case of joint applications have also been added. Applicants are able to specify which of the applicants’ financial information will be provided – the primary applicant’s, the joint applicant’s or both applicants’. APIs to support display of application type (single or joint) in the application tracker along with display of the names of both the primary and joint applicants have been added. APIs to enable joint applicants to track application status and view and download application form PDF, offer documents and also to accept or reject the offer have also been introduced.
API to support staff applications	An API to capture whether the retail applicant is an employee of the bank has been introduced. This enabled applicants to avail staff benefits on the banking product they are applying for. Additionally, this also helps banks manage internal compliance and risk.

Other Enhancements

Table 1-8 Other Enhancements

Enhancements	Description
Enhanced Existing Customer Application Forms	APIs to enable kick off pages and to display review pages for all retail product applications initiated by existing customers of the bank, have been added.
Employment Section changes	APIs to drive enablement/disablement of employment sections in retail product applications from the originations workflow maintenance screen have been created.
Display of Applicant Role under Terms of Service Page	An API to display the roles of the applicants (Primary Applicant/Joint Applicant/Guardian), in addition to the applicant names, against the terms and conditions specific to that applicant on the Terms of Service page of the application has been added.
US Region specific Enhancements	The following enhancements have been made specifically to the US region product application forms – Insider and Service Member details - APIs to capture relationship as well as reverse relationship of the related insider with the applicant as well as the related service member with the applicant have been added. Account Funding Post Account Opening and Finicity Integration - APIs to support the funding of US Checking and Savings accounts after the account has been opened, have been introduced. Additionally, APIs to support integration with Finicity to support verification of external accounts in the case of external bank account funding have also been created. APIs to support this feature from the application tracker have also been added.