1.2 Application Initiation

This topic describes the information about the various data segments to initiate the application.

The Application Initiation is the first step in the origination process. The process allows swift origination of single product or multiple Products with minimum and apt data capture.

The system automatically triggers the Initiate Application process and generates the application reference number. The three-panel screen displays the application numbers in the header, while the data sections for this stage are available on the left-hand side widget. The user can view or capture the details for the specific data segment in the central panel.

To initiate the selected product account opening application:

1. On Homescreen, click Menu, and click Retail Origination.
2. Under Retail Origination, click New Application to navigate to new application screen.
3. On the New Application screen, select the customer type, product type, and then select the specific business product.
4. Perform one of the following actions:
   • Click Apply to initiate the application directly.
   • Select the checkbox on the product tile and click Add to Cart.
5. If the user has added the selected product to Cart then navigate to cart and click Proceed to initiate the application.

The Application Initiation process comprise of single stage and multiple data segments. This data segment appears based on the process configuration defined in the Business Process Configuration screen. Below is the list of data segments:

• Applicants
  This topic provides the systematic instructions to capture the applicants related information for the application.
• Relationships
  This topic describes the systematic instructions to add relationship details of the applicant.
• Product Details
  This topic provides the systematic instructions to capture the product or products related information for the application.
• Summary
  This topic provides the systematic instruction to view the tiles for all the data segments in the Application Initiation Process.