2.2.1 Definition of Prospective or Interested Parties

OFS KYC understands a prospect as an entity or individual who wants to start a relationship with the financial institution by becoming a customer. Related parties are those individuals or entities who are related to the prospect by the relationship definition as provided by them or by external data sources. OFS KYC expects this data in a predefined format. For more information on the formats, see Oracle Financial Services Know Your Customer Service Guide and the Oracle Financial Services Know Your Customer API Data Elements Guide