1.2 Onboarding Initiation

This topic provides the systematic instruction to capture the basic demographic information about the Financial Institution customer to be onboarded using Oracle Banking Enterprise Party Management.

Specify User ID and Password, and login to Home screen. For information on login procedure, refer to the Getting Started User Guide.

Note:

The fields, which are marked with an asterisk, are mandatory.

1. On Home screen, click Party Services. Under Party Services, click Financial Institution.
2. Under Financial Institution, click Initiation.
   The Quick Initiation screen displays.

   Figure 1-2 FI Quick Initiation

   
   

   
   Description of "Figure 1-2 FI Quick Initiation"

   
   
3. Specify the fields on Quick Initiation screen.
   For more information on fields, refer to the field description table.

   Table 1-1 Quick Initiation - Field Description

   Field	Description
   FI Name	Specify the Registered Name of the Financial Institution.
   FI Type	Select the type of the Financial Institution from the drop-down values. The available options are Conglomerate Single
   FI Legal Customer Category	Select the category to which the Financial Institution belongs.
   Demography Type	Specify the company demography from the drop-down values. The available options are Global Domestic
   Geographical Spread	Select the geographical spread of the company from the given list.
   BIC Code	Specify the BOC Code of the Financial Institution.
   MICR Code	Specify the MICR Code of the Financial Institution.
   Customer Access Group	Click search icon and select the customer access group for the party. Note: User should have required access to onboarding a party within a customer access group. For more details, refer Oracle Banking Party Configurations User Guide.
   Application Priority	Select the priority of Party Onboarding application.
   Sector	Specify the industry sector to which the corporate belongs. The sample values are Energy Real Estate Utilities Consumer Staples, etc.
   Industry Group	Specify the industry group within the sector. The sample values are Software Hardware Semiconductor Industry Groups within Information technology Sector
   Industry	Specify the industry within the industry group. The sample values are IT Services Software Products within Software
   Sub Industry	Specify the sub-Industry within the Industry. The sample values are IT Consulting Services Data Processing Services Internet Services within IT services
   Credit Rating	Specify the fields under this section.
   Rating Agency	Select the Name of the Credit Rating agency which has given rating to the corporate.
   Rating	Select the Rating provided by the credit rating Agency.
   Social Media Profile	Specify the fields under this section.
   Official Website	Specify the official website address for the Financial Institution Customer.
   Facebook	Specify the Facebook URL for the Financial Institution.
   Twitter	Specify the Financial Institution’s twitter handle.

4. Click Submit system will check for duplicate customers.

   If there is no duplicate customer existed in the system, then the system creates unique party ID for the customer and displays the Initiation - Basic Details screen.

   If there is a duplicate customers existed in the system. It will display the list of customers with same name. the user will have below facility:

   • Abort to discard the Customer Onboarding.
   • Continue to save the Customer Onboarding.
   • Cancel to cancel the Customer Onboarding.
   The Initiation - Duplication Check screen displays

   Figure 1-3 Initiation – Duplication Check

   
   

   
   Description of "Figure 1-3 Initiation – Duplication Check"

   
   
5. Click Next to navigate to the next data segment.
   The Initiation – Address screen displays.

   Figure 1-4 Initiation – Address

   
   

   
   Description of "Figure 1-4 Initiation – Address"

   
   
6. Click + icon to Add Address, specify the address details.
   For more information on fields, refer to the field description table.

   Table 1-2 Add Address - Field Description

   Field	Description
   Address Type	Select the address type from the drop-down values.
   Location	Select the Location from the list of values. This pertains to a particular area in a country.
   Name	Specify the name of the customer.
   House/Building	Specify the building name of the customer.
   Street	Specify the street name of the customer.
   Locality	Specify the locality of the customer.
   Landmark	Specify the landmark of the customer.
   Area	Specify the Area of the customer.
   City	Specify the city of the customer.
   State	Specify the state of the customer.
   Country	Click search icon and select country code from the list of values.
   Zip Code	Specify the zip code of the address.
   Email ID	Specify the email Id of the customer.
   Phone Number	Specify the contact number of the customer.

7. Click Next to navigate to the next data segment.
   The Initiation – Comments screen displays,

   Figure 1-5 Initiation – Comments

   
   

   
   Description of "Figure 1-5 Initiation – Comments"

   
   

   Note:

   The Relationship Managers can capture overall comments for the Initiation stage in this data segment. Capturing comments helps in better understanding of the task by the banker who will work with this task in next stage.
8. Specify the overall comments for the Onboarding Initiation stage.
9. Click Submit to submit the Onboarding Initiation stage.

   The Checklist window is displayed and select the Outcome

   The available Outcome options are:

   • If Approve is selected, the task is moved to the KYC stage.
   • If Reject is selected, the task is terminated.
   After Submit successful screen displays and Task will be available in the Free Task screen.