1.4 KYC Check

KYC check for the SMB 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 SMB onboarding, the customer must be compliant with all the necessary KYC checks.

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

   Figure 1-50 KYC - Customer Summary

   
   

   
   Description of "Figure 1-50 KYC - Customer Summary"

   
   
2. On the Customer Summary screen, verify the details that are displayed in tiles. For more information on tiles, refer to Table 1-17.
3. Click Next.
   The KYC Check screen displays.

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

   KYC Checks are listed during KYC stage, based on the Mandatory and Optional KYC check configuration.

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

4. Verify all the KYC checks listed for the selected product.
5. Click Verify to add the Verification Details.

   The Add Verification screen displays.

   Figure 1-51 Add Verification Details – Proof of Residence

   
   

   
   Description of "Figure 1-51 Add Verification Details – Proof of Residence"

   
   

   Figure 1-52 Add Verification Details –Proof of Identity

   
   

   
   Description of "Figure 1-52 Add Verification Details –Proof of Identity"

   
   

   Figure 1-53 KYC Check

   
   

   
   Description of "Figure 1-53 KYC Check"

   
   

   Note:

   The verification details are updated in the corresponding tile on the KYC Check page.
6. Click Next.
   The Comments screen displays.

   Figure 1-54 KYC – Comments

   
   

   
   Description of "Figure 1-54 KYC – Comments"

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

   Table 1-25 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.