1 Small and Medium Enterprise Onboarding

Small and Medium Enterprise Onboarding is an umbrella term that is often used to describe the entire process that users go through when they start their journey as a customer of a banking product or service.

This topic contains the following subtopics:

• Overview of SME Onboarding
  SME Onboarding is an ongoing process, which helps banks to create a relationship with customers.
• Onboarding Initiation
  In the Initiation stage, the RM can capture basic demographic information about the Small and Medium Enterprise customer to be onboarded using Oracle Banking Enterprise Party Management.
• 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.
• Onboarding Enrichment
  In the Enrichment stage, the RM can capture detailed information about the Small and Medium Enterprise customer to be added in Oracle Banking Enterprise Party Management.
• Review
  In the Review stage, the final reviewer needs to review the customer details and move the task to the Approval stage if the details are appropriate.
• Recommendations
  In the Recommendation stage, the approver needs to review the progress done so far and provide recommendations for each of the data segments with a decision as approve or reject.
• Approval
  In the Approval stage, the approver needs to review the activity done across all the stages and provide final signoff to approve the customer onboarding.
• Amendment
  In the Amendment stage, the relationship manager can amend the information or can add additional information about an Small Medium Enterprise customer using Oracle Banking Enterprise Party Management.