2.1 Application Entry Stage

This topic describes the information on the various data segments to capture the required data in the Application Entry stage.

Process Orchestrator updates the record in the Free Task process for the Application Entry stage also referred as Task from orchestrator perspective. The user can Acquire and Edit or Acquire the task from the Action column and the header respectively as per requirement.

The Application Entry stage will be automatically submitted, in case the Bank level configuration for allowing full Application submission is set as Yes and the user has updated all the data segment of Application Entry stage as part of the Application Initiation stage itself by clicking on the Application button available in the Product Details data segment.

After successful submission of Application Entry stage, a request for the initial funding transaction is sent to Teller Module, if Fund By option is selected as Cash. The status of the Teller Transaction is then validated in the Initial Funding Details data segment of Account Funding stage.

The Application Entry stage has the following reference data segments:

• Customer Information
  This topic provides the systematic instructions to capture the customer-related information for the application.
• Relationship
  This topics describes the relationship details of parties that are involved in loan account opening application.
• Customer Consent and Preference
  This topic describes the consent and preferences of customers that are captured in account opening process.
• Account Details
  This topic provides the systematic instructions to view and modify the account details.
• Stake Holder Details
  This topic provides the systematic instructions to capture the stake holder details related information for the business.
• Mandate Details
  This topic provides the systematic instructions to capture the mode of operation for the account.
• Financial Details
  This topic provides the systematic instructions to capture the financial details of a single customer or multiple customers in case of joint applicants.
• Collateral Details
  This topic provides the systematic instructions to capture the collateral which is offered by the customer as security for Overdraft limit.
• Nominee Details
  This topic provides the systematic instructions to capture the details of the nominee for the account.
• Terms and Conditions
  (Required) This topic descriptions the terms and conditions that are mandatory to accept for to proceed with account opening process.
• Summary - Application Entry
  This topic provides the systematic instruction to view the tiles for all the data segments in the Application Entry Process.