3.4 KYC Evaluation

This topic provides systematic instructions about the KYC Evaluation of the FI Credit Proposal Initiation.

If the KYC details are available for the Financial Institution, you can add the KYC details to the credit proposal. Adding KYC details helps the Approver to determine the originality of the Financial Institution.

Figure 3-52 Credit Initiation_KYC

Description of Figure 3-52 follows
Description of "Figure 3-52 Credit Initiation_KYC"
  1. Click or mouse hover on the hamburger icon. The following options appears:
    • KYC Details
    • KYC Evaluation (appears only if this feature is enabled in Maintenance module)
  2. To add the KYC Details, click KYC Details option.
    The KYC Details screen is displayed.

    Figure 3-53 KYC Details

    Description of Figure 3-53 follows
    Description of "Figure 3-53 KYC Details"
    For information on fields in the KYC Details screen, refer the below table.

    Table 3-31 KYC Details

    Fields Description
    Report Received If KYC report is available for the Financial Institution, enable the Report Received switch.
    Verification Date Click the calendar icon and select the KYC Verification Date.
    Effective Date Click the calendar icon and select the Effective Date on which the KYC verification is approved.
    KYC Method Type the KYC Method. For example: Field verification is a KYC Method.
    KYC Status Select the KYC Status. The options available are Verified, Yet To Verify, and Verification Failed.
  3. Click Create. KYC details are updated in the KYC page as shown below.
  4. To perform KYC evaluation, click the hamburger icon and select KYC Evaluation. Questionnaire maintained for the KYC evaluation is displayed.
  5. Select answers for the available questions and click Next Category.
  6. Right arrow icon appears in case of multiple questions, click the right arrow and answer all the questions in all the category.

    Total score is generated and displayed for the KYC evaluation based on each answer provided.

  7. Click Save. The KYC page is updated with the Evaluation Score as shown below.
  8. After adding KYC details or performing KYC evaluation, click Next. The Risk Evaluation page appears:

Parent topic: Credit Initiation