2.18 Multiple Guardians or Custodians in Oracle Banking Retail Accounts
This topic describes the multiple guardians or custodians in Oracle Banking Retail Accounts.
Bank user can capture during account origination or servicing, multiple guardians details like guardian type (Guardian, Custodian etc.), guardian customer ID and the relationship of the guardian with the account holder for an account.
In case of minor accounts, user can capture multiple custodians (Guardian type in this case will be custodian) and the minor account can be created. For minor accounts, capture of custodian details is mandatory.
The details captured can be modified during the account life-cycle from the servicing User Interface.
Parent topic: Operations