1.1.1.2 Onboarding Initiation - Relationship

The relationship section furnishes information concerning the connections between the party and related parties, including household members, guardians, custodians, and other relevant affiliations.

Adding relationship details is beneficial to both the customer and the bank during critical events.

Note:

The fields marked as Required are mandatory.

The following Data Segments can be captured in Relationship Segment.

Table 1-14 Data Segment - Relationships

Sl.No	Data Segment Name	Mandatory / Optional / Conditional	Description
1	Household	Optional	Data Segment to capture household relationships of the party such as Father, Mother, Son Daughter etc.
2	Power of Attorney	Optional	Data Segment to capture related power of attorney holders of the party.
3	Service Member	Optional	Data Segment to capture related service members of the party.
4	Related to Insider	Optional	Data Segment to capture related insiders of the party.
5	Guardian	Conditional	Data Segment to capture guardian of the party.
6	Custodian	Conditional	Data Segment to capture custodian of a minor party. This will be available only, if party is a minor customer.
7	Solicitor	Optional	Data Segment to capture solicitor of the party.
8	Related Party	Optional	Data Segment to capture other relationships

For more details on Party Type and Party Status requirements during relationship creation, refer Table 6-1.

1. Click Next in the Basic info screen to add the relationships details.
   The Initiation – Relationships screen displays.

   Figure 1-13 Initiate - Relationship

   
   

   
   Description of "Figure 1-13 Initiate - Relationship"

   
   
2. Click to select desired relationship.
   The Add New Household screen displays.

   Figure 1-14 Add - New household

   
   

   
   Description of "Figure 1-14 Add - New household"

   
   

   Relationships with a customer can be either of the following:

   • An existing party that is a customer of the bank
   • An existing party that is non-customer
   • A new party, which is neither a customer nor an existing party

Existing Customer or Non-Customer

3. Specify the existing CIF (if the relationship is an existing customer) or the existing Party Id (if the relationship is non-customer).
4. Click the Search icon select the CIF/Party Id from the list
   The Search Party – Individual screen is displayed.

   Figure 1-15 Search Party – Individual

   
   

   
   Description of "Figure 1-15 Search Party – Individual"

   
   

   Note:

   The user should have the required access to add a party within a customer access group as relationship. For more details, refer Oracle Banking Party Configuration User Guide.
5. Click Next after CIF/Party Id is specified.
   The Add relationship screen displays.
6. Specify the Relationship specific attribute.
   For more information on fields, refer to the field description table.

   Table 1-15 New Service Member - Field Description

   Field	Description
   Primary Party	Relationship type of the primary party. Entity Code: SMR
   Secondary Party	Relationship type of the secondary party. Secondary party relationship is populated based on selected Primary Party relationship. Entity Code: FNP, LGD, SPO, CHL, FDT, PTR, LWD

   Note:

   The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-16 Household - Field Description

   Field	Description
   Primary Party	Relationship type of the primary party. Entity Code: DTY
   Secondary Party	Relationship type of the secondary party. Secondary party relationship is populated based on selected Primary Party relationship. Entity Code: SPO, FTR, MTR, SON, DAU, GRD, WD, GRP, GRC
   Is Dependent	Is household party dependent on primary party.

   Note:

   The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-17 Power of Attorney - Field Description

   Field	Description
   Associated Since	Association start date of power of attorney with primary party.
   Preferred	Is record the preferred POA.

   Note:

   Refer to the Oracle Banking Party Configurations User Guide for entity maintenance.

   Table 1-18 Related to Insider - Field Description

   Field	Description
   Primary Party	Relationship type of the primary party. Entity Code: DTY
   Secondary Party	Relationship type of the secondary party. Secondary party relationship is populated based on selected Primary Party relationship. Entity Code: SPO, FTR, MTR, SON, DAU, GRD, WD, GRP, GRC

   Note:

   The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-19 Guardian - Field Description

   Field	Description
   Primary Party	Relationship type of the primary party. Entity Code: DTY
   Secondary Party	Relationship type of the secondary party. Secondary party relationship is populated based on selected Primary Party relationship. Entity Code: SPO, FTR, MTR, SON, DAU, GRD, WD, GRP, GRC
   Preferred	Flag for preferred guardian.

   Note:

   The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-20 Custodian - Field Description

   Field	Description
   Primary Party	Relationship type of the primary party. Entity Code: CDN
   Secondary Party	Relationship type of the secondary party. Secondary party relationship is populated based on selected Primary Party relationship. Entity Code: GRP, ANT, UCL, GRD, OTR, WD, PTR
   Preferred	Flag to identify, if custodian is a preferred custodian for a minor party.

   Note:

   The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.

   Table 1-21 Solicitor - Field Description

   Field	Description
   Registration Number	Specify the registration number of the solicitor.
   Preferred	Flag to identify, if solicitor is a preferred solicitor for a party.
   Remarks	Remarks for the solicitor relationship.

   Note:

   Refer to the Oracle Banking Party Configurations User Guide for entity maintenance.

   Table 1-22 Related Party - Field Description

   Field	Description
   Primary Party	Relationship type of the primary party. Entity Code: RPP
   Secondary Party	Relationship type of the secondary party. Entity Code: RSP
   Relationship Sub Type	Relationship sub-type of primary party with secondary party Entity Code: RRS
   Remarks	Remarks for the solicitor relationship.

   Note:

   The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.

New Party

A new party will be onboarded as a non-customer to be added as a relationship during the party onboarding process.

7. If the related party is new to the Bank, click Next without entering CIF/Party Id.
   The Add New Owner screen is displayed to capture details for the new relationship.

   Note:

   To create a new party the screen appears based on the selected relationship type. The Household relationship type is elaborated below.

   Figure 1-16 Add New Owner

   
   

   
   Description of "Figure 1-16 Add New Owner"

   
   
8. Specify the details of Add New Owner for new stakeholder.
   For more information on fields, refer to the field description table.

   Table 1-23 Add New Owners – Field Description

   Field	Description
   Title	The formal title or honorific prefix assigned to the party (e.g., Mr., Mrs.). Entity Code: TLE
   Salutation	The greeting or form of address used for the party in communication. Entity Code: SAL
   First Name	The given name of the party as per official records.
   Middle Name	The additional given name of the party, if applicable.
   Last Name	The surname or family name of the party.
   Suffix	The suffix used in the party’s name, such as Jr., Sr., III, etc. Entity Code: SUF
   Short Name	A shortened or commonly used version of the party’s full name.
   Maiden Name	The last name of the party before marriage, applicable to individuals who have changed their surname.
   Name In Local Language	The name of the party written in their native or regional language.
   Date of Birth	The official birth date of the party. Date of Birth cannot be a future date. Note: Based on the date of birth and minor age configuration, the party will be identified as a major customer or minor customer.
   Minor	A flag indicating whether the party is legally a minor.
   National ID	The Social Security Number (SSN) for U.S. citizens or the equivalent national identification number for other countries.
   Occupation	The job title or primary occupation of the party. Entity Code: OCC
   Staff	A flag to indicate whether the party is an employee of the organization.
   Gender	The gender identity of the party (e.g., Male, Female). Entity Code: GTY
   Marital Status	The marital status of the party, such as Single, Married, Divorced. Entity Code: MST
   Customer Category	The classification of the party based on predefined categories. Common Core Maintenance: cmc customer categories.
   Customer Segment	The business or customer segment to which the party belongs (e.g. High Net Worth). Entity Code: SEG
   Customer Access Group	The designated user access group(s) for the party. Common Core Maintenance: cmc customer access group Note: User should have required access to onboarding a party within a customer access group. For more details, refer to the Oracle Banking Party Configurations User Guide.
   Profession	The professional field or industry in which the party is employed. Entity Code: PFS
   Relationship Manager ID	The unique identifier of the relationship manager assigned to the party. Common Core Maintenance: cmc user maintenane
   Photo	A reference image or icon used to highlight significant dates related to the party.
   Birth Country	The country where the party was born as per official records. Common Core Maintenance: cmc country maintenance
   Nationality	The citizenship or nationality of the party as per legal documentation. Common Core Maintenance: cmc country maintenance
   Citizenship By	The process through which the party obtained citizenship (e.g., Birth). Entity Code: CBT
   KYC Verified	A flag indicating whether KYC is verified for the party. Note: KYC Status as per standalone KYC record supersedes and overwrite Is KYC verified. If KYC Status as per Standalone KYC record is available KYC Verified cannot be setup manually.
   Resident Status	The legal residency status of the party, such as Resident, Non-Resident, or Permanent Resident. Entity Code: RES
   Country of Residence	The country where the party currently resides. Common Core Maintenance: cmc country maintenance
   Preferred Language	The language the party prefers for communication. Common Core Maintenance: cmc language maintenance
   Preferred Currency	The currency the party prefers for transactions. Common Core Maintenance: cmc currency maintenance
   Risk Level	The risk assessment level assigned to the party based on financial or compliance factors (e.g., Low, Medium, High). Entity Code: RSK
   Purpose	The reason for onboarding the party, such as Personal Banking, Business Banking, or Investment Services. Entity Code: DPI
   Facebook	The URL of the party’s Facebook profile.
   Twitter	The URL of the party’s Twitter (X) profile.
   Instagram	The URL of the party’s Instagram profile.
   LinkedIn	The URL of the party’s LinkedIn profile.
   Blog	The URL of the party’s personal or professional blog.
   Tumblr	The username or profile ID of the party on Tumblr.
   Origin Code	A system-generated or predefined code indicating the origin of the party’s relationship with the organization. Entity Code: OGC
   Sub-Origin Code	A more specific classification of the origin code providing additional context. Entity Code: SO, SA, MCB, CMY Note: Sub-Origin Code will only be displayed, if Origin Code is selected. Origin Code and Sub-Origin Code are co-mandatory fields.
   Duplicate Merge	A flag indicating if the party has potential duplicate records that can be merged.
   Referral Source	The source through which the party was referred, such as an existing customer, agent, or marketing campaign. Entity Code: REF
   Date Marked for Deletion	The date when the party’s record was marked for deletion.
   Customer Status	The current status of the party in the system (e.g., Active, Inactive). Entity Code: CST
   Membership Start Date	The date the party became a member of financial institution. Note: Membership start date cannot be a future date or less than party onboarding date.
   Sponsorship	The entity or individual who has sponsored or referred the customer. Entity Code: SPR
   Duplicate Override	A flag indicating whether the user has manually overridden a duplicate party check.

   Note:

   • The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.
   • For details on Common Core Maintenance, refer to the Common Core User Guide.
9. Click and expand the ID Details section.
   The ID Details screen is displayed.

   Figure 1-17 ID Details

   
   

   
   Description of "Figure 1-17 ID Details"

   
   
10. Click on the + button to specify the details.
    The Add ID Details pop-up screen is displayed.
11. On the Add ID Details pop-up screen, specify the fields. For more information on fields, refer to the field description table.

    Table 1-24 ID Details - Field Description

    Field	Description
    ID Type	The specific type of identification document provided by the party (e.g., Passport, National ID, Driver’s License). Entity Code: ITY
    ID Status	The current verification status of the identification document provided by the party (e.g., Verified). Entity Code: IDS
    Unique ID	A unique identifier assigned to the party for identification and reference purposes.
    Place of issue	The location or authority that issued the identification document of the party.
    Valid From	The start date of the validity period of the identification document.
    Valid Till	The end date of the validity period of the identification document.
    Remarks	Additional information or notes related to the party’s identification status or document.
    Preferred	A flag used to mark the preferred ID type record for the party. At-least one ID should be marked as preferred. Only one ID can be marked as preferred

    Note:

    The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.
12. Click and expand the Address section.
13. Click Next to capture the KYC details for the new relationship.
    The Add New Household - KYC Details screen displays.

    Note:

    This step is optional.

    Figure 1-18 Add New Household - KYC details

    
    

    
    Description of "Figure 1-18 Add New Household - KYC details"

    
    
14. Click Verify to update the KYC details for the new related party.
15. Specify the required KYC details.
16. Click Next.
    The Add New Household screen is displayed to add relationship-specific attributes.

    Figure 1-19 Add New Household

    
    

    
    Description of "Figure 1-19 Add New Household"

    
    
17. On the Add New Household screen, specify the KYC details.

    For more information on the fields, refer to the Table 1-15.

18. Click Submit.
    The Relationships screen displays the added relationship details.

    Figure 1-20 Relationships

    
    

    
    Description of "Figure 1-20 Relationships"

    
    
19. Click Next to move to the Educational Qualifications segment.