5 IRA Services

Introduction

IRA Services enable banks to perform lifecycle transactions on IRA accounts and deposits linked to an IRA plan. The screens are designed to support both IRA accounts and IRA deposits within the same workflow—using a wrapper service that recognizes the input account number and launches the appropriate context—so users don’t need duplicate screens (for example, Beneficiary maintenance can update either an IRA account or an IRA deposit from the same screen). All servicing is orchestrated using conductor workflow concept that routes transactions through predefined business processes with validations, approvals, and audit logging. This design helps users easily and logically execute day‑to‑day IRA servicing while maintaining consistency, control, and compliance.