1.2 Onboarding Initiation
In the Initiation stage, the RM can capture brief information about the Small and Medium Business customer to be onboarded using Oracle Banking Enterprise Party Management.
Note:
The fields marked as Required are mandatory.- Onboarding Initiation - Basic Details
This topic provides the details of the business such as the name, registration number, and registration date, tax ID, etc. along with personal details of the business owner including name, date of birth, and address in the Basic Details screen. - Onboarding Initiation - Stakeholder Details
This topic provides the details about the stakeholder such as owners, authorized signatories, guarantors, and suppliers of the business in the Stakeholder Details screen. - Onboarding Initiation - Financial Information
Information about the customer’s income, assets, and liability is added to the Financial Information screen. - Onboarding Initiation - Comments
The RMs can capture overall comments for the initiation stage in the Comments screen. - Onboarding Initiation - Review and Submit
The Review and Submit screen provides a consolidated view of the information captured in all the sections.
Parent topic: SMB Onboarding