1.3 KYC Check

In the KYC stage, the RM can capture KYC details about the Small and Medium Enterprise customer. The Small and Medium Enterprise customers are onboarded using Oracle Banking Enterprise Party Management.

You can acquire and edit the KYC task using the Free Tasks screen.

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 KYC Details screen displays.

   Figure 1-6 Customer KYC Details

   
   

   
   Description of "Figure 1-6 Customer KYC Details"

   
   
2. On the Customer KYC Details screen, click KYC Details to update the status of the KYC check. For more information on fields, refer to the field description table.

   Table 1-4 Customer KYC Details - Field Description

   Field	Description
   Report Received	Once you select this option, it highlights blue, which indicates true, and the report is received. Note: By default, it is selected as false.
   Verification Date	Specify the date or use the calendar icon to select the KYC verification date.
   Effective Date	Specify the date or use the calendar icon to select the KYC effective from the date.
   KYC Method	Specify the method by which the KYC is completed.
   KYC Status	Select the KYC status from the drop-down list.

3. Click Next.
   The Comments screen displays.

   Figure 1-7 KYC – Comments

   
   

   
   Description of "Figure 1-7 KYC – Comments"

   
   
4. On the Comments screen, perform the following actions:

   Table 1-5 Actions - Description

   Action	Description
   Comments	Specify the overall comments for the KYC stage.
   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 and click Submit. The task is moved to the Enrichment stage.