2 Savings Account Origination

This topic describes the information on the defined stages through which the Savings Account Application has to flow before it is ready to be sent to the Host for Account Creation.

As detailed in the Operations User Guide, all the Product Originations are initiated in the Application Initiation stage from the Product Catalogue. The Cart Operation in Product Catalogue allows to originate single or multiple Product initiation. Once the Savings Account Product origination process is initiated either as a single product origination or as part of the multiple product selection, Process Orchestrator generates the Savings Account Process Reference Number on submit of the Application Initiation stage. Process Orchestrator also updates the record in the Free Task process for the Application Entry stage also referred as Task from orchestrator perspective.

The Savings Account Origination Process flow comprises of the following stages and the detailed information of the same is available in the following topics:

• Application Entry Stage
  This topic describes the information on the various data segments to capture the required data in the Application Entry stage.
• Debit Assessment
  The topic describes the debit assessment process.
• Overdraft Limit Details Stage
  This topic describes the information on the various data segments to capture the required data for the Overdraft Limit Details stage.
• Application Enrichment Stage
  This topic describes the information on the various data segments to view and update the required data for the Application Enrichment stage.
• Account Funding Stage
  This topic describes the information on the various data segments to capture the required data in the Account Entry stage.
• Underwriting Stage
  This topic describes the information on the various data segments to access the credit rating and capture the required data for the Underwriting stage.
• Application Assessment
  This topic describes the information on the various data segments to update the required data and assess the application in the Application Assessment stage.
• Manual Credit Assessment Stage
  This topic describes the information on the various data segments to assess the application manually in the Manual Credit Assessment stage.
• Manual Credit Decision Stage
  This topic describes the information on the various data segments to review and approve the application manually in the Manual Credit Decision stage.
• Account Parameter Setup Stage
  This topic describes the information on the various data segments to setup the required account parameters in the Account Parameter Setup stage.
• Supervisor Application Approval Stage
  This topic describes the information on the various data segments to view and approve the price change in the Supervisor Application Approval stage.
• Offer Issue Stage
  This topic describes the information on the various data segments to generate the offer in the Offer Issue stage.
• Offer Accept / Reject Stage
  This topic describes the information on the various data segments to accept / reject the offer in the Offer Accept / Reject stage.
• Post Offer Amendment Stage
  This topic describes the information on the various data segments to request for amendment of overdraft in the Post Offer Amendment stage.
• Account Approval Stage
  This topic describes the information on the various data segments to view the captured details and approve the application in the Account Approval stage
• Manual Retry Stage
  This topic describes the information on the various data segments on the Manual Retry stage.
• Global Actions
  This topic provides the detailed on the actions that can be performed in all stages.