1.8 Approval

This topic describes the systematic instruction to enable the approver to review the activity done across all the stages and provides final signoff to approve the customer onboarding.

The approver also has the option to validate of the captured details are as per Bank’s policy or not and if there are any steps required to mitigate the risk.

1. Click Acquire and Edit in the Free Tasks screen of the previous stage Recommendation stage.
   The Approval screen displays.

   Figure 1-42 Corporate Customer – Approval

   
   

   
   Description of "Figure 1-42 Corporate Customer – Approval"

   
   
2. Right-click on the Customer icon in tree view and select the View Option or Click Party ID hyperlink to view the details captured in List or table view.
3. Click Next, once the details are reviewed.
   The Approval Comments screen displays.
4. View the Recommendation Summary as Approved or Rejected based on the Recommendation Decision provided in Recommendation stage.

   Note:

   If more than one Recommendation user is configured, Recommendation summary will be determined are as follows:

   Table 1-20 Recommendation Summary

   Number of Users	Individual Decision	Recommendation Summary
   2 User (User 1 & User 2)	User 1 – Approved User 2 – Approved	Approved
   2 User (User 1 & User 2)	User 1 – Approved User 2 – Rejected	Rejected
   3 Users (User 1 & User 2 & User 3)	User 1 – Approved User 2 – Rejected User 3 – Approved	Rejected

5. Click and Expand the Recommendation Summary to view the Recommendation Decision and Comments from respective users from Recommendation stage.
   The Recommendation Summary screen displays.
6. Click Action to see Recommendation details and KYC details for the respective KYC types.
7. Click and Expand Approval Decision to provide Approval Decision and Comments for Party Onboarding.
   The Approval Decision screen displays.

   Figure 1-43 Approval Decision

   
   

   
   Description of "Figure 1-43 Approval Decision"

   
   
8. Click Next to Comments data segments.
   The Approval – Comments screen displays.
9. Specify the Overall Comments for the Approval stage and click Post.
10. Click Submit to complete the Onboarding process.