1.1 Initiate Onboarding API

This topic describes about initiating the Initiate Onboarding API.

Initiate Onboarding API allows Oracle Banking Originations Cloud Service to initiate an application even with a new party who is not yet a customer of the bank. This API enables Oracle Banking Originations Cloud Service to send the new Party Details along with the Financial Details to Oracle Banking Party module via Oracle Banking Routing Hub. This API can be used for Origination processes such as Savings Account, Current Account, Term Deposit Account and Loan Account.

To initiate Onboarding for a new Customer in Oracle Banking Originations Cloud Service:

1. Start the origination for Savings Account, Current Account, Term Deposit Account, or Loan Account from Product Catalogue.
2. Open Customer Information data-segment screen.
3. Select the existing customer switch as OFF and capture all the mandatory fields.
4. Open the Financial Details data-segment screen.
5. Capture the financial details for the respective customer
6. On submission of the stage containing the above data segments, Customer Onboarding request gets initiated to Oracle Banking Party module. For Multi Product Origination, the call gets initiated on submission of stage of the last product which contains the above data segments mentioned.
7. Once the call is triggered to OBPY module, a separate workflow will be initiated to onboard the party.
8. Once the KYC details of the party is completed from OBPY, an acknowledgement notification is sent from OBPY to OBO via the topic PartyKYCStatusUpdate to update the KYC status of the party. If the KYC is successfully completed, the status will be updated as Compliant. If the status is anything other than Compliant or if OBPY did not send the acknowledgement, then user will not be able to continue with the account application in OBO as the system will throw validation on the submit of the stage containing the Account Approval data segment.
9. After the onboarding process is completed from OBPY side and once the customer is successfully created, OBPY will update OBO with the customer id and status via the topic PartyHandoffToHostStatus.
10. Once the status is updated in OBO, the bank user will be able to create the account in the host product.

To initiate Onboarding for a New Customer in Oracle Banking Originations Cloud Service through Oracle Banking Digital Experience:

Note:

Please refer Oracle Banking Digital Experience Integration Guide for more information on the APIs.

11. Use the INITIATE API to initiate an application.
12. Use the SUBMIT API to save the Customer Information and Financial Details.
13. When the application is submitted from Oracle Banking Digital Experience and when the Application Entry stage (or whichever stage has the Customer Information data-segment) is submitted, Customer Onboarding request gets initiated.

    Note:

    If the KYC data is also sent by Oracle Banking Digital Experience and if the customer is compliant, then the customer will be onboarded through STP in Oracle Banking Party module.

    Customer is now available in Oracle Banking Party for further operations.

    Note:

    The below API is integrated through Oracle Banking Routing Hub.

    Table 1-1 Routing Hub Details:

    Service Provider	Consumer Services	Service
    OBPY	OBPY_INITIATE_ONBOARDING_PARTY	initiatePartyOnboarding - /service/v1/initiatePartyOnboarding