1.3 Onboarding Initiation

This topic describes the systematic instructions to capture the basic demographic information about the corporate customer to be onboarded using Oracle Banking Enterprise Party Management.

Before you begin, log in to the application Home page. For information on how to log in, refer to the Getting Started User Guide.

To initiate the Onboarding process:

Note:

The fields marked as Required are mandatory.

1. On the Home page, click Party Services. Under Party Services, click Onboarding.
   The Onboarding screen displays.

   Figure 1-2 Onboarding Initiation

   
   

   
   Description of "Figure 1-2 Onboarding Initiation"

   
   
2. On the Onboarding screen, specify the fields. For more information on fields, refer to the field description table.

   Table 1-1 Onboarding - Field Description

   Field	Description
   Customer Type	Select Corporate from the drop-down values.
   Business Process Code	Select the desired business process code, if required. Note: This field is displayed and required only if more than one process code is configured for a given customer type.

3. Click Onboard Now.
   The Quick Initiation screen displays.

   Figure 1-3 Corporate Quick Initiation

   
   

   
   Description of "Figure 1-3 Corporate Quick Initiation"

   
   
4. On the Quick Initiation screen, specify the details about the customer. For more information on fields, refer to the field description table.

   Table 1-2 Quick Initiation - Field Description

   Field Name	Description
   Organization details	Specify the fields under this section.
   Organization Name	Specify the registered name of the organization.
   Organization Type	Select the type of organization from the following drop-down values: Conglomerate Single
   Customer Category	Click Search icon and select the customer category from the list of values.
   Entity Type	Select the type of business entity from the following drop-down values: Private Limited Public Limited Trusts Government Owned Associations
   Demography Type	Specify the company demography from the following drop-down values: Global Domestic
   Geographical Spread	Select the geographical spread of the company from the given list.
   Classification Type	Select the Classification of the Corporate as per the local regulations from the following drop-down values: Micro Small Medium
   Branch Code	Specify the branch code. Note: For the parent customer, the branch code defaults to the logged-in branch. For subsidiaries, the values can be entered at the time of capturing the details.
   Logo	Upload the logo of the company.
   Customer Access Group	Click Search icon and select the customer access group for the party. Note: The user should have required access to onboarding a party within a customer access group. For more details, refer Oracle Banking Party Configuration User Guide.
   Application Priority	Specify the Priority of Party Onboarding application.
   Industries	Specify the fields under this section.
   Sector	Specify the industry sector to which the corporate belongs. For example, Energy Real Estate Utilities Consumer Staples, etc.
   Industry Group	Specify the industry group within the sector. For example, Software Hardware Semiconductor Industry Groups within Information technology Sector
   Industry	Specify the industry within the Industry group. For example, IT services and software products within software.
   Sub Industry	Specify the sub-industry within the industry. For example, IT Consulting Services Data Processing Services Internet Services within IT services
   Credit Rating	Specify the fields under this section.
   Rating Agency	Select the name of the credit rating agency which has given a rating to the corporate.
   Rating	Select the rating provided by the credit rating agency.
   Social Media Profile	Specify the fields under this section.
   Official Website	Specify the official website address for the corporate customer.
   Facebook	Specify the Facebook URL for the corporate.
   Twitter	Specify the corporate’s Twitter handle.

5. Click Submit.
   The system will check for duplicate customers.

   If there is no duplicate customer existed in the system, then the system creates a unique party ID for the customer and displays the Initiation - Basic Details screen.

   If there are duplicate customers exist in the system. It will display the list of customers with the same name. the user will have the following facility:

   • Abort to discard the Customer Onboarding.
   • Continue to save the Customer Onboarding.
   • Cancel to cancel the Customer Onboarding.
   The Initiation - Duplication Check screen displays.

   Figure 1-4 Initiation – Duplication Check

   
   

   
   Description of "Figure 1-4 Initiation – Duplication Check "

   
   
6. Click Next.
   The Initiation - Comments screen displays.

   Figure 1-5 Initiation – Comments

   
   

   
   Description of "Figure 1-5 Initiation – Comments"

   
   

   Note:

   The Relationship Managers can capture overall comments for the Initiation stage. Capturing comments helps in a better understanding of the task by the banker who will work with this task in the next stage.
7. Specify the overall comments for the Onboarding Initiation stage.
8. Click Submit to submit the Onboarding Initiation stage.

   The Checklist window is displayed and select the Outcome.

   The available Outcome options are:

   • If Approve is selected, the task is moved to the KYC stage.
   • If Reject is selected, the task is terminated.
   After Submit successful screen displays and Task will be available in the Free Task screen.