1.4 KYC Check

KYC check for the retail customer is populated based on the product selected by that customer. The banks can directly perform the KYC check by themselves or reach external agencies for the KYC Information.

For successful retail onboarding, the customer must be compliant with all the necessary KYC checks.

Note:

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

1. To acquire and edit the KYC task, click Tasks. Under Tasks, click Free Task.

   The system displays the Free Tasks screen.

   Figure 1-65 Free Task

   
   

   
   Description of "Figure 1-65 Free Task"

   
   
2. Click Acquire and Edit in the Free Tasks screen for the application for which KYC Check stage has to be acted upon.
   The Customer Summary screen displays.

   Figure 1-66 KYC - Customer Summary

   
   

   
   Description of "Figure 1-66 KYC - Customer Summary"

   
   
3. On the Customer Summary screen, verify the details that are displayed in tiles.
   For more information on fields, refer to the field description table.

   Table 1-44 Customer Summary - Tile Description

   Tile	Description
   General Information	In this tile, the following details are displayed: Citizenship Address Social Profile
   Professional Information	In this tile, the following details are displayed: Education Membership
   Employment	Displays the employment details of the customer.
   Dependent	Displays the dependent details of the customer.
   Dates	Displays the details of the dates.
   KYC	Displays the KYC details.
   Assets	Displays the assets details.
   Liabilities	Displays the liabilities details.
   Income	Displays the income details.
   Expense	Displays the expense details.
   View details	In the corresponding tile, click this icon to view the detailed information.

4. Click Next.
   The KYC Check screen displays.

   OBPY support 13 different KYC check as follows

   • Address Check
   • Identity Check
   • Police DB Check
   • Credit Score Check
   • Education Qualification
   • Field Verification
   • Reference Check
   • Suit Filed
   • PEP Identification
   • AML Check
   • FATCH Check
   • SDN Check
   • Sanction Check

   KYC Checks are listed during KYC stage, based on the Mandatory and Optional KYC check configuration except PEP Identification. PEP Identification check is displayed, if customer is determined as Politically Exposed Person (PEP) during Enrichment Stage > Additional Info.

   For more information about Mandatory and Optional KYC check configuration, refer Party Onboarding Configuration User Guide.

   Figure 1-67 KYC Check

   
   

   
   Description of "Figure 1-67 KYC Check"

   
   
5. Verify all the KYC Checks listed for the selected product.
6. Click Verify.

   The Add Verification Details screen displays.

   Figure 1-68 Add Verification Details

   
   

   
   Description of "Figure 1-68 Add Verification Details"

   
   
7. On the Add Verification Details screen, specify the details.
   For more information on fields, refer to the field description table.

   Table 1-45 Add Verification Details - Field Description

   Field	Description
   Reference Name	Specify the name of the reference person.
   House/Building	Specify the house/building number.
   Street	Specify the street name.
   Area	Specify the area of the reference person.
   City	Specify the city of the reference person.
   State	Specify the state of the reference person.
   Country	Click search icon and select the country from the list of values.
   Zip Code	Specify the zip code of the address.
   Phone	Specify the phone number of the reference person.
   Verification Details	Specify the fields under this section.
   Address Visited	If the reference person’s address is verified, select Yes. Otherwise, select No.
   Available at Contact Number	If the reference person is available at the contact number provided, select Yes. Otherwise, select No.
   Relationship	Select the relationship type from the drop-down list.
   Year of Association	Specify the customer’s year of association with the reference person.
   Verification Status	Select the status of verification from the drop-down list The available options are: Compliant Non-compliant Not Verified
   Verified On	Click the calendar icon and select the date of the verification. Note: This field is applicable if the Verification Status is selected as Compliant or Non-compliant.
   Valid Till	Click the calendar icon and select the last date of the validity. Note: This field is applicable if the Verification Status is selected as Compliant or Non-compliant.
   Verification Remarks	Specify the verification remarks.

8. Click Submit.
   On the KYC Check screen, the verification details are updated in the corresponding tile.
9. Verify all the KYC checks listed for the selected product.
10. Click Next.
    The Comments screen displays.

    Figure 1-69 KYC – Comments

    
    

    
    Description of "Figure 1-69 KYC – Comments"

    
    
11. Specify the overall comments for the KYC stage.
12. On the Comments screen, perform the following actions:

    Table 1-46 Actions - Description

    Actions	Description
    Post	Click Post. The comments are posted below the text box.
    Submit	Click Submit. The Checklist window is displayed.
    Outcome	On the Checklist window, select the Outcome as Approve or Reject and click Submit. Based on the value selected for the outcome, the following conditions apply: If Approve is selected, the task is moved to the Recommendation stage. If Reject is selected, the task is terminated.