3.2 KYC Evaluation

This topic provides systematic nstructions about the KYC Evaluation of the Credit Initiation.

This data segment allows you to update the KYC details of the Financial Institution captured in FI Credit Proposal Initiation process. KYC details must be up to date as it is necessary to determine the originality of the Financial Institution.

Figure 3-49 FI Credit Process - Credit Initiation

Description of Figure 3-49 follows
Description of "Figure 3-49 FI Credit Process - Credit Initiation"
  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 3-50 KYC Details

    Description of Figure 3-50 follows
    Description of "Figure 3-50 KYC Details"
    For information on fields in the KYC Details screen, refer the below table.

    Table 3-33 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 is displayed.

Parent topic: Credit Initiation