1.7 Approval

In this stage, the approver reviews the activity done across all the stages and provides final signoff to approve the customer onboarding.

The approver also has an 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.
2. Right click on the Customer icon in tree view and select the View Option or Party ID to view the details captured.
3. Click Next, once the details are reviewed.
   The Approval – Approval Comments screen displays.

   Figure 1-45 FI Customer - Approval

   
   

   
   Description of "Figure 1-45 FI Customer - Approval"

   
   
4. View 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 1-22 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 Recommendation Summary view Recommendation Decision and Comments from respective users from Recommendation stage.
   The Recommendation Summary screen displays.

   Figure 1-46 Recommendation Summary

   
   

   
   Description of "Figure 1-46 Recommendation Summary"

   
   
6. Click Action to see Recommendation details and KYC details for respective KYC types.
   The OnboardingApproval screen displays.
7. Click and Expand Approval Decision to provide Approval Decision and Comments for Party Onboarding.
8. Click Next to Comments data segments.
   The Approval – Comments screen displays.

   Figure 1-47 Approval Comments

   
   

   
   Description of "Figure 1-47 Approval Comments"

   
   
9. Specify the Comments for the Approval stage and click Post.
10. Click Submit to complete the Onboarding process.