1.1.3 KYC Check

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

Note:

The fields marked as Required are mandatory.

1. To acquire and edit the KYC task, click Tasks. Under Tasks, click Free Task.

   The system displays the Free Tasks screen.

   Figure 1-64 Free Task

   
   

   
   Description of "Figure 1-64 Free Task"

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

   Figure 1-65 KYC - Customer Summary

   
   

   
   Description of "Figure 1-65 KYC - Customer Summary"

   
   
3. On the Customer Summary screen, verify the details that are displayed in tiles.
   For more information on fields, refer to the field description table.

   Table 1-54 Customer Summary - Tile Description

   Tile	Description
   General Information	In this tile, the following details are displayed: Citizenship Address Social Profile
   Professional Information	In this tile, the following details are displayed: Education Membership
   Employment	Displays the employment details of the customer.
   Dependent	Displays the dependent details of the customer.
   Dates	Displays the details of the dates.
   KYC	Displays the KYC details.
   Assets	Displays the assets details.
   Liabilities	Displays the liabilities details.
   Income	Displays the income details.
   Expense	Displays the expense details.
   View details	In the corresponding tile, click this icon to view the detailed information.

4. Click Next.
   The KYC Check screen displays.

   OBPY support 13 different KYC check as follows

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

   KYC Checks are listed during KYC stage, based on the Mandatory and Optional KYC check configuration except PEP Identification. PEP Identification check is displayed, if customer is determined as Politically Exposed Person (PEP) during Enrichment Stage → Additional Info.

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

   Figure 1-66 KYC Check

   
   

   
   Description of "Figure 1-66 KYC Check"

   
   
5. Verify all the KYC Checks listed.

   Table 1-55 Address Check - Field Description

   Field	Description
   Name as in the document	Name as per documents provided for KYC check of the party.
   ID Number	ID number of a document uploaded for a party.
   DOB as on Document	Date of birth as per KYC check of the party.
   Address as in Document	Address as per the document provided during KYC Check process.
   Reference number	Any related reference number for the KYC check of the party.
   Verification Type	Select the verification type of the KYC check for the party from the drop-down list. The available options are: Internal External Note: List of values can be configured through Entity Maintenance.
   Verification Medium	Select the verification medium of the KYC check for the party from the drop-down list. The available options are: Manual Online Note: List of values can be configured through Entity Maintenance.
   Verification Status	Select the verification status of the KYC check for the party from the list of values. The available options are: Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Issued On	Issuance date of identification as per KYC check of the party.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Remarks	Verification remarks provided for the KYC check.
   KYC ID Type	Select ID type of identification of the party from the following drop-down list. The available options are: Proof Of Identity Proof Of Residence Note: List of values can be configured through Entity Maintenance.

   Note:

   For Entity Maintenance details, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-56 Identity Check

   Field	Description
   KYC ID Type	ID Type of identification of the party.
   Name as in the document	Name as per documents provided for KYC check of the party.
   ID Number	ID number of a document uploaded for a party.
   DOB as on Document	Date of birth as per KYC check of the party.
   Address as in Document	Address as per the document provided during KYC Check process.
   Reference number	Any related reference number for the KYC check of the party.
   Verification Type	Select verification type of the KYC check for the party from the drop-down list. The available options are: Internal External Note: List of values can be configured through Entity Maintenance.
   Verification Medium	Select verification medium of the KYC check for the party from the drop-down list. The available options are: Manual Online Note: List of values can be configured through Entity Maintenance.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. The available options are: Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Issued On	Issuance date of identification as per KYC check of the party.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Note:

   For Entity Maintenance, refer Oracle Banking Party Configurations User Guide.

   Table 1-57 Police DB Check

   Field	Description
   House/Building	Building name as per KYC check of the party.
   Street	Street as per KYC check of the party.
   Area	Area as per KYC check of the party.
   City	City as per KYC check of the party.
   State	State as per KYC check of the party.
   Country	Select country as per KYC check of the party from the drop-down list. Note: List of values can be configured through Common Core Maintenance for Country Code.
   Zipcode	Zipcode as per KYC check of the party.
   Phone	Phone number as per KYC check of the party.
   Under Policy Jurisdiction	Legal jurisdiction as per police KYC check of the party.
   Address Visited (Yes/No)	Address visited by party as per KYC check of the party.
   Police DB Checked	Flag to identify, if police database is been checked as part of police KYC check.
   Record Found (Yes/No)	Party found in records as per suits KYC check of the party.
   Reference ID	Any related reference number for the KYC check of the party.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verification On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-58 Credit Score Check - Field Description

   Field	Description
   Agency Name	Agency Name of the Credit Score.
   Last Reported Monthly Income	Last reported monthly income as per credit KYC check of the party.
   Transunion/CIBIL/Credit Score	Credit score as per credit KYC check of the party.
   No of ongoing Loans	Number of loans of the party as per credit KYC check of the party.
   No of Closed Loans	Number of closed loans of the party as per credit KYC check of the party.
   No of Credit Enquiry (Past 6 Month)	Number of credit enquiries of the party as per credit KYC check of the party.
   No of Loans Re-structured	Number of restructured loans of the party as per credit KYC check of the party.
   No of Loans with overdue	Number of overdue loans of the party as per credit KYC check of the party.
   Reference number	Any related reference number for the KYC check of the party.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Status	Select verification status of the KYC check for the party from drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verification Remarks	Verification remarks provided for the KYC check.

   Table 1-59 Education Qualification

   Field	Description
   Name as in the certificate	Name as in the certificate.
   Registration Number	Registration Number as per in the certificate.
   Education Category	Category of education as per education details of the party.
   Education Type	Education type as per the certificate of education of the party.
   Course	Course of study as per education details of the party.
   Specialization	Specialization in certificate as per education KYC check of the party.
   University Name	University in the certificate as per education details of the party.
   Issued On	Issuance date of identification as per KYC check of the party.
   Reference number	Any related reference number for the kyc check of the party.
   Verification Type	Select verification type of the KYC check for the party from the drop-down list. Internal External Note: List of values can be configured through Entity Maintenance.
   Verification Medium	Select verification medium of the KYC check for the party from the drop-down list. Manual Online Note: List of values can be configured through Entity Maintenance.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Table 1-60 Field Verification - Field Description

   Field	Description
   Address Type	Select the address type as per field verification KYC check of the party from the drop-down list. Permanent Address Residential Address Communication Address Office Address Note: List of values can be configured through Entity Maintenance.
   House / Building	Specify building name as per KYC check of the party.
   Street	Specify street as per KYC check of the party.
   Locality	Specify locality as per KYC check of the party.
   Landmark	Specify address landmark as per field KYC check of the party.
   Area	Specify area as per KYC check of the party.
   City	Specify city as per KYC check of the party.
   State	Specify state as per KYC check of the party.
   Country	Select country as per KYC check of the party from the list of values. Note: List of values can be configured through Common Core Maintenance for country code.
   Zipcode	Zipcode as per KYC check of the party.
   Field Investigation Done (Yes/No)	Flag to identify, if field investigation is completed as part of field KYC check of the party.
   Agency Name	Agency Name conducted field verification.
   Reference number	Any related reference number for the KYC check of the party.
   Customer Found	Address found for a party as per field KYC check of the party.
   Customer Operating Since	Residing since at a address as per field KYC check of the party.
   Verification Medium	Verification medium of the KYC check for the party Select from the following list of values. List of values can be configured through Entity Maintenance. Manual Online
   Verification Result	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-61 Reference Check - Field Description

   Field	Description
   Reference Check	Reference Check provided.
   House / Building	Building name as per KYC check of the party.
   Street	Street as per KYC check of the party.
   Area	Area as per KYC check of the party.
   City	City as per KYC check of the party.
   State	State as per KYC check of the party.
   Country	Select country as per KYC check of the party from drop-down list. Note: List of values can be configured through Common Core Maintenance for Country Code.
   Zipcode	Zipcode as per KYC check of the party.
   Phone	Phone number as per KYC check of the party.
   Address Visited (Yes/No)	Address visited by party as per KYC check of the party.
   Available at Contact Number	Flag to identify, if phone number is verified as per reference KYC check of the party.
   Relationship	Select relationship type of the related party from the drop-down list. Spouse Mother Son Daughter Guardian Father Note: List of values can be configured through Entity Maintenance.
   Year of Association	Years of association as per reference KYC check of the party.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-62 Suit Filed

   Field	Description
   House / Building	Building name as per KYC check of the party.
   Street	Street as per KYC check of the party.
   Area	Area as per KYC check of the party.
   City	City as per KYC check of the party.
   State	State as per KYC check of the party.
   Country	Select the country as per KYC check of the party from the list of values. Note: List of values can be configured through Common Core Maintenance for Country Code.
   Zipcode	Zipcode as per KYC check of the party.
   Phone	Phone number as per KYC check of the party.
   Under Policy Jurisdiction	Legal jurisdiction as per police KYC check of the party.
   Court Jurisdiction Check Required (Yes/No)	Flag to identify, if court records are checked for a party.
   Address Visited (Yes/No)	Address visited by party as per KYC check of the party.
   Record Found (Yes/No)	Party found in records as per suits KYC check of the party.
   Reference Number	Any related reference number for the KYC check of the party.
   Verification Status	Select verification status of the KYC check for the party from the following drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-63 PEP Identification

   Field	Description
   Politically Exposed (Yes/No)	Flag to identify, if party is politically exposed.
   Exposed Country (Yes/No)	Country of exposure as per PEP KYC check of the party.
   Relationship	Select relationship type of the related party from the drop-down list. Spouse Mother Son Daughter Guardian Father Note: List of values can be configured through Entity Maintenance.
   Exposed with	Exposure details as per the PEP KYC check of the party.
   Name as in the PEP List	Name as per PEP KYC check of the party.
   Citizenship as in the PEP List	Citizenship as per PEP KYC check of the party.
   Exposed Score	Exposure score details as per the PEP KYC check of the party.
   Reference number	Any related reference number for the KYC check of the party.
   Verification Type	Select verification type of the KYC check for the party from the drop-down list. Internal External Note: List of values can be configured through Entity Maintenance.
   Verification Medium	Select verification medium of the KYC check for the party from the drop-down list. Manual Online Note: List of values can be configured through Entity Maintenance.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Risk Clarification	Select risk classification as per KYC check of the party from the drop-down list. Risky Medium Low Note: List of values can be configured through Entity Maintenance.
   Risk Score	Risk score as per KYC check of the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-64 AML Check

   Field	Description
   Customer Listed in AML (Yes/No)	Flag to identify, if party is available in the list as per AML KYC check of the party.
   Source of Funds	Select sources of funds as per AML KYC check of the party. Account Owned By Company Account Owned By Parents
   Source of Wealth	Select sources of wealth as per AML KYC check of the party. Business Employment
   Name as in the document	Name in the list as per AML KYC check of the party.
   Citizenship In AML List	Select citizenship as per PEP KYC check of the party from the drop-down list. Note: List of values can be configured through Common Core Maintenance for Country Code.
   Country where listed	Select listed country as per AML KYC check of the party from the drop-down list. Note: List of values can be configured through Common Core Maintenance for Country Code.
   Risk Score	Risk score as per KYC check of the party.
   Reference Number	Any related reference number for the KYC check of the party.
   Verification Type	Select verification type of the KYC check for the party from the drop-down list. Internal External Note: List of values can be configured through Entity Maintenance.
   Verification Medium	Select verification medium of the KYC check for the party from the drop-down list. Manual Online Note: List of values can be configured through Entity Maintenance.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Risk Clarification	Select risk classification as per KYC check of the party from the drop-down list. Risky Medium Low Note: List of values can be configured through Entity Maintenance.
   Risk Score	Risk score as per KYC check of the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-65 FATCA Check

   Field	Description
   US Citizen (Yes/No)	Flag to identify, if party is a US citizen.
   Country of Residence	Select country of residence as per basic information of the party from the list of values. Note: List of values can be configured through Common Core Maintenance for Country Code.
   Tax Identification Number	Tax Identification Number as per FATCA check.
   Country of Issuance	Select country of issuance as per FATCA KYC details of the party from the list of values. Note: List of values can be configured through Common Core Maintenance for Country Code.
   Reference Number	Any related reference number for the KYC check of the party.
   Verification Type	Select verification type of the KYC check for the party from the drop-down list. Internal External Note: List of values can be configured through Entity Maintenance.
   Verification Medium	Select verification medium of the KYC check for the party from the drop-down list. Manual Online Note: List of values can be configured through Entity Maintenance.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.
   Verification Remarks	Verification remarks provided for the KYC check.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-66 SDN Check

   Field	Description
   Found in SDN Search? (Yes/No)	Flag to identify, if party is available in the list as per SDN (OFAC) KYC check of the party.
   ID of the SDN match	ID of the SDN (OFAC) match as per SDN (OFAC) KYC check of the party.
   Score of the SDN match	Score as per SDN KYC check of the party.
   Program name	Program name as per SDN (OFAC) KYC check of the party.
   House / Building	Building name as per KYC check of the party.
   Street	Street as per KYC check of the party.
   Locality	Locality as per KYC check of the party.
   Landmark	Address landmark as per field KYC check of the party.
   Area	Area as per KYC check of the party.
   City	City as per KYC check of the party.
   State	State as per KYC check of the party.
   Country	Country as per KYC check of the party.
   Zipcode	Zipcode as per KYC check of the party.
   Phone	Phone number as per KYC check of the party.
   Reference Number	Any related reference number for the KYC check of the party.
   Verification Type	Select verification type of the KYC check for the party from the drop-down list. Internal External Note: List of values can be configured through Entity Maintenance.
   Verification Medium	Select verification medium of the KYC check for the party from the drop-down list. Manual Online Note: List of values can be configured through Entity Maintenance.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Verification date of the KYC check for the party.
   Valid Till	Verification valid till date of the KYC check for the party.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-67 Sanction Check

   Field	Description
   Found in List	Check to identify, if customer is found in sanctions check list.
   Sanction List Name	Sanctions list name as per regulatory sanctions lists.
   Name as in List	Name of the party as found in sanctions list.
   Address in List	Address of the party as found in sanctions list.
   Reference number	Reference number of sanctions KYC check.
   Verification Type	Select verification type of the KYC check for the party from the drop-down list. Internal External Note: List of values can be configured through Entity Maintenance.
   Verification Medium	select verification medium of the KYC check for the party from the drop-down list. Manual Online Note: List of values can be configured through Entity Maintenance.
   Verification Status	Select verification status of the KYC check for the party from the drop-down list. Compliant Non-Compliant Yet to Verify Note: List of values can be configured through Entity Maintenance.
   Verified On	Date of verification of sanctions check.
   Valid Till	Valid till date of sanctions check.
   Verification Remarks	Verification remarks provided for the KYC check.
   Risk Clarification	Select risk classification as per KYC check of the party from the drop-down list. Risky Medium Low Note: List of values can be configured through Entity Maintenance.
   Risk Score	Risk score as per KYC check of the party.

   Note:

   For Entity Maintenance, refer to the Oracle Banking Party Configurations User Guide.
6. Click Submit.
   On the KYC Check screen, the verification details are updated in the corresponding tile.
7. Verify all the KYC checks listed for the selected product.
8. Click Next.
   The Comments screen displays.

   Figure 1-67 KYC – Comments

   
   

   
   Description of "Figure 1-67 KYC – Comments"

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

    Table 1-68 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.