Corporate Accounts (Current/Checking and Savings)

Business Event Summary – Eventing

It allows businesses to define which fields are published under specific conditions. Multiple business events can be configured per domain event, with publication decisions driven by Plato Rules.

Online Interest Calculation

This screen allows users to view the interest accrued on a single or multiple accounts.

Online Interest Liquidation

This screen allows users to liquidate accrued interest for single or multiple accounts.

Account Class Transfer

This screen allows users to change the account class of an active account without closing it or opening a new one. Also, making it simpler to get new features while following the required rules maintained in the new account class.

Manual ECA Input

ECA transactions can be manually captured in corporate accounts for exceptional cases. Such transactions are subject to Maker or Checker validation.

Copy Function for Maintenance Screens

The system allows users to copy an existing record and create a new one by modifying only the minimum required parameters. This eliminates the need to re-enter all parameter values across multiple screens.

Customer Transfer

An existing customer account can now be transferred to a different customer through the customer transfer process. The account remains active throughout the transfer, eliminating the need to close the current account and open a new one.

SCIM for Roles - SMS

Introduced a new Create Group Role Mapping screen to define group-to-role and branch associations under Security Management.

Account Closure

Introduction of detailed workflow process for account closure that handles the various payout methods. Corporate accounts can be closed by submitting a formal request, settling all dues.

Availability Information under "Transaction Enquiry"

The Transaction Enquiry screen now includes an Availability Information section displaying fund availability.

Availability Information under "Account Enquiry"

The Accounting Enquiry screen now includes an Availability Information section displaying fund availability.

Account Class

Features and Restrictions tab at Account Class: The CCYs selected in the Features tab are auto-populated in the Restrictions tab as Allowed, and users may edit or add additional CCYs, except removing those already selected in Features tab.
Currency Wise Statement Preferences: A new Apply to all currencies toggle is added to Statement Preferences screen for multi-currency account classes. Users can set default or currency-specific preferences, with fallback logic applied when not defined.
Initial Funding: Initial funding is the minimum amount to activate a new corporate account through cash, check, demand draft, or internal transfer, ensuring the account moves to Funded status. No debits are allowed in the account if the status is Non-Funded.

Account Creation

Account Operating Instructions: Allows users to fetch and link the correct operating-instruction document to a corporate account. Transactions are validated against the operating instructions linked in the account.
Currency Wise Statement Preferences: Statement preferences for multi-currency accounts are now auto-defaulted and can be edited per currency, regardless of the Apply to all currencies setting.
Multi Currency Account Creation Process: Account creation process for multi-currency account has been enhanced where users can add multiple currencies at once using Add Currency with a Select All option.

1.2.6 Corporate Accounts (Current/Checking and Savings)