1.1.1.5 Onboarding Initiation - Financial Information

The financial information section pertains to details regarding the party's financial status, including income, assets, liabilities, and other relevant financial data.

Note:

The fields marked as Required are mandatory.

Table 1-29 Data Segment - Description

Sl.No	Data Segment Name	Mandatory / Optional / Conditional	Description
1	Asset & Liability	Optional	Data Segment to capture asset details of a party.

1. Click Next in theOnboarding Initiation screen.
   The Financial Information screen displays.

   Figure 1-27 Initiation – Financial Information

   
   

   
   Description of "Figure 1-27 Initiation – Financial Information "

   
   
2. Click and expand the Annual Income section.
3. Select the income range of the customer in the Annual Income section.
4. Click and expand the Asset Details section.
   The Financial Information – Asset Details screen displays.

   Figure 1-28 Financial Information – Asset Details

   
   

   
   Description of "Figure 1-28 Financial Information – Asset Details"

   
   
5. Click Add to add the asset details.
   The Assets screen displays.

   Figure 1-29 Assets

   
   

   
   Description of "Figure 1-29 Assets"

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

   Table 1-30 Assets – Field Description

   Field	Description
   Type	Select the asset type from the drop-down list. The available options are: House Deposit Vehicle Other Total Net Worth Note: The list of values can be configured through Entity Maintenance.
   Total Value	Specify the total value.

   1. Click Submit to add the asset details.

      Note:

      You can also select the required item from the list, and click Edit/Delete to modify/delete the added asset details.
7. Click and expand the Liabilities Details section.
   The Liabilities Details screen displays.

   Figure 1-30 Financial Information – Liabilities Details

   
   

   
   Description of "Figure 1-30 Financial Information – Liabilities Details"

   
   
8. Click Add to add the liabilities details.
   The Liabilities screen displays.

   Figure 1-31 Liabilities

   
   

   
   Description of "Figure 1-31 Liabilities "

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

   Table 1-31 Liabilities – Field Description

   Field	Description
   Type	Select the type of liability from the drop-down list. The available options are: Property Loan Vehicle Loan Credit Card Outstanding Overdrafts Personal Loan Other Liability Education Loan Home Loan Note: List of values can be configured through Entity Maintenance.
   Total Value	Specify the total value.

   Note:

   Refer to the Oracle Banking Party Configurations User Guide for entity maintenance.
   1. Click Submit to add the Liabilities details.

      Note:

      You can also select the required item from the list, and click Edit/Delete to modify/delete the added asset details.
10. Click Next to move to the Comments segment.