1.2.4 Enhancements in Retail Deposit Servicing

Oracle Banking Branch initiates the request and handoff to FLEXCUBE Universal Banking for further verification and processing.

The following are the enhanments as a part of Retail Deposit Servicing in this release:

Table 1-4 Enhancements in Retail Deposit Servicing

Topic Description
TD Account Opening Screen UI Changes
  • Redesigned the UI for the Term Deposit Account opening screen.
  • Enhanced the existing term deposit account opening screen to view the customer's existing term deposit accounts and create a new term deposit by copying an existing one.
  • Default the pay-in and payout account while creating a deposit account.
Nominee screen changes
  • Added new validation to ensure that the primary holder and nominee are different.
  • Renamed labels for address-related fields.
  • Modified the Country field to display the country name instead of the country code.
Task screen changes Reference number (i.e. account number) column is introduced in all Tasks pages. Customer number and account number is populated respectively against servicing transactions in these two columns.
Auto and multi-level authorization The auto or multi-level authorization can be configured for the account servicing screens by creating a Rule based on life cycle code.