1.4.4 Stakeholders

This topic provides the systematic instruction to add the Stakeholders details.

1. On the Party Details screen, click on the Stakeholders section.
   The Stakeholders Details screen displays.

   Figure 1-26 Stakeholder

   
   

   
   Description of "Figure 1-26 Stakeholder"

   
   

   Stakeholders Detail is necessary for the bank to ascertain the credibility of the business. Stakeholders to a customer can be either of the following:

   • An existing customer of the Bank.
   • An existing party that is not a customer but is a stakeholder to another customer of the bank.
   • A new party, which is neither a customer nor an existing party (stakeholder).

   The Following Stakeholder types are supported for the FI customer:

   • Shareholders
   • Customers
   • Owners
   • Authorized Signatories – Signature can be uploaded for Authorized Signatories.
   • Guarantors
   • Suppliers
   • Bankers
   • Insurers
   • Buyers
   • Management Team
   • Sponsors
   • Directors
   • Contractors
   • Auditors
   • Debtors
   • Creditors
   • Advisor

   Note:

   • User should have required access to add a party within a customer access group as stakeholder. For more details, refer Oracle Banking Party Configuration User Guide.
   • User should have required Personal Identifiable Information (PII) access to add individual stakeholders, if PII fields are configured. For more details, refer Oracle Banking Party Configuration User Guide.
2. Select the corresponding Stakeholder and click + icon to add the desired stakeholder.
   The Add New Owners screen displays.

   Figure 1-27 Add New Owner

   
   

   
   Description of "Figure 1-27 Add New Owner"

   
   

   On the Add New Owners screen:

   • Specify the existing CIF if the stakeholder is an existing customer.
   • Specify the existing Party Id if the stakeholder is an existing party but not a customer (or) select from the list of the recently added stakeholders to the same application.
3. On the Add New Owners screen.
   • Specify the existing CIF if the stakeholder is an existing customer.
   • Specify the existing Party Id if the stakeholder is an existing party but not a customer (or) select from the list of the recently added stakeholders to the same application.

   Note:

   If CIF/Party Id is not known, click the search icon to launch the Search Party screen and select from the list of values.

   The Search Party - Individual screen displays.

   Figure 1-28 Search Party Individual

   
   

   
   Description of "Figure 1-28 Search Party Individual"

   
   

   The Search Party - Non Individual screen displays.

   Figure 1-29 Search Party - Non Individual

   
   

   
   Description of "Figure 1-29 Search Party - Non Individual"

   
   
4. If the related party is new to the Bank, click Next without entering CIF/Party Id.
   The Add New Owner screen is displayed to capture details for the new relationship.

   Note:

   To create a new party the screen appears based on the selected relationship type. The Household relationship type is elaborated below.

   Figure 1-30 Add New Owner

   
   

   
   Description of "Figure 1-30 Add New Owner"

   
   
5. Specify the details of Add New Owner for new stakeholder.
   For more information on fields, refer to the field description table.

   Table 1-17 Add New Owners – Field Description

   Field	Description
   Stake Holder Type	Selcy the type of stake holder from the drop-down list.
   Title	Select the title from the drop-down lits.
   First Name	Specify the first name of the new stakeholder.
   Middle Name	Specify the middle name of the new stakeholder.
   Last Name	Specify the last name of the new stakeholder.
   Short Name	Displays the short name.
   Maiden Name	Specify the maiden name of the new stakeholder.
   Date of Birth	Select the date of birth of the new stakeholder.
   Gender	Select the gender from the drop-down list.
   Marital Status	Select the marital status from the drop-down list.
   Customer Category	Click the search icon and select the customer category from the list.
   Customer Segment	Select the customer segment from the drop-down list.
   Customer Access Group	Click the search icon and select the customer access group for the party.
   Profession	Select the profession from the drop-down values
   Relationship Manager ID	Select the relationship manager ID.
   Upload Photo	Upload the photo of the new stakeholder.
   Birth Country	Click the search icon and select the birth country from the list.
   Nationality	Click the search icon and select the nationality of the stakeholder from the list.
   Citizenship By	Select the ‘Citizenship By’ from the drop-down list.
   Resident Status	Select the residential status from the drop-down list.
   Country of Residence	Click the search icon and select the country from the list.
   Preferred Language	Select the preferred language from the drop-down list.
   Preferred Currency	Click the search icon and select a preferred currency from the list.

6. Click and expand the ID Details section and click add icon to add ID detials.

   Figure 1-31 ID Details

   
   

   
   Description of "Figure 1-31 ID Details"

   
   

   For more information on fields, refer to the field description table.

   Table 1-18 ID Details - Field Description

   Field	Description
   ID Type	Select type of identification from the drop-down list.
   ID Status	Select Status of Identification from drop down list.
   Unique ID	Specify unique ID number as per the ID type.
   Place of issue	Specify place of issue of ID.
   Valid From	Specify valid from date of ID.
   Valid Till	Specify validity end date of ID.
   Remarks	Specify remarks for ID.
   Preferred	Select, if ID type is preferred.

7. Click Submit to linked to the customer being onboarded.
   The Stakeholder Details screen displays.

   Figure 1-32 Stakeholder

   
   

   
   Description of "Figure 1-32 Stakeholder"

   
   

   Note:

   If the stakeholder is an existing customer or an existing Party, then the linkage is based on the CIF/Party Id. In case a new stakeholder is being added, the system will generate a Party Id for the newly added stakeholder. This Party Id is used to establish a link between the new customer and stakeholder.
8. Click OK to save the details.