1.2.1 Enhancements in Party Services

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

Table 1-1 Enhancements in Party Services

Summary	Description
Insta Party Management (Onboard, Amend, View) for SMB Party	Our Insta Party Management system now offers new functionalities that enable small and medium-sized businesses to seamlessly onboard, amend, and view parties through a single, user-friendly interface. This eliminates the need for navigating through a workflow-based process. By consolidating all data segments related to party on-boarding and party amendment in one streamlined interface, we have enhanced the user experience and increased efficiency.
KYC Management (Create, Update, View) for SMB Party	Introduced new functionalities for creating, modifying, and viewing KYC records for SMB party types independently of the Party Onboarding and Amendment processes. Users can initiate standalone KYC processes for the party using a specific set of data attributes. Standalone KYC Creation for SMB: Users can now initiate KYC processes independently of Party Onboarding for SMB, ensuring up-to-date and accurate KYC records. Standalone KYC Amendment for SMB: The ability to amend KYC records for an SMB party, separate from the party amendment processes, brings a new level of flexibility. Standalone KYC View for SMB: The ability to view KYC records for an SMB party, separate from the party amendment processes, brings a new level of flexibility.
Insta Party Management (View) for Retail Party	A new functionality is introduced in Insta Party Management that enables users to view Retail parties through a single UI. This eliminates the need for navigating through a workflow-based process.
KYC Management (View) for Retail Party	The UI now enables users to view Retail KYC records without the need for Party Onboarding and Amendment processes.
Minor Validation through Validation Model	Party Management feature now includes a validation model for verifying the age of minors, which is required to comply with state regulations related to minor parties.
Party to Account Relationship	The Party to Account relationship feature captures the link between parties and their respective accounts by using relationship type and relationship codes. This feature supports the maintenance of one-to-one, one-to-many, and many-to-one relationships between parties and accounts.