1.2.1 Retail Accounts (Current/Checking and Savings)

This topic provides information about enhancements in the Retail Accounts.

Generic Feature Enhancements

  • Business product configuration has been enhanced with a new parameter, allowing banks to define product availability based on branch, currency, transaction code, and customer category.
  • Statement parameters can now be configured at the currency level for multi-currency accounts. Additionally, statement frequency options have been enhanced to support user-defined dates for statement generation.
  • Business product configuration is further enhanced for balance parameters, enabling banks to validate initial funding based on funding method, minimum funding amount, and maximum funding amount.
  • State group parameter updates now allow banks to configure non-financial activities and set reactivation criteria for transitioning accounts from inactive/dormant to active status.
  • PII (Account Masking-CASA): Introduced configuration to mask Personally Identifiable Information (PII) in API responses. Account service API responses are masked for PII based on the configurations.
  • During account creation, if the branchLcy value is provided in the request payload, it must match the Operational (header) branch currency (ccy).

Generic Feature Enhancements Accounts Services

Secured OD against TD:

A new servicing screen is introduced to allow bank user to capture the details of secured overdraft limits that a customer requests by providing Term Deposits as collateral to the Bank.

MCA Support for Account Servicing Screens:

Enhanced Account serving operations for Multi Currency Account.

Access Restriction Validation for Joint Holder:


Access restrictions are now validated when displaying Customer Panel, Account 360, and Deposit 360 details for both primary and joint holders.

Simplified Auto Auth Configuration:


A new screen has been introduced to enable or disable auto-authorization for branch servicing screens, supporting the ability to enable or disable single or multiple screens at a time.

US Geography Feature Enhancements

Money Market Savings Account:

To enable Money Market Savings Account (MMSA) functionality, a new data segment has been introduced. This enhancement allows banks to configure specific business products that a customer must already hold as a prerequisite for opening an MMSA. By setting these configurations, banks can ensure compliance with their internal product bundling or eligibility policies. This provides both operational flexibility and tighter control over account opening requirements for MMSA products.

A new RESTful API has been developed that accepts customer number and MMSA business product as input criteria, and returns active account numbers along with their status, based on the configured prerequisite business products.

Individual Retirement Accounts (IRA) – Savings:

  • For SEP IRA variant contribution limits can be configured, as a Percentage of Annual Compensation OR Absolute amount, at the plan level.
  • IRA Account Service has been enhanced to automatically generate and assign a plan reference number during the account origination process, according to the plan type provided.
  • The IRA Account Service has been enhanced to support capturing and maintaining multiple nominees for each account, with explicit identification of primary and contingent nominees. Additionally, percentage allocation for each configured nominee can now be defined at the account level.
  • The IRA Contribution Service has been enhanced to allow the option of identifying a contribution as an employer contribution if done by the employer for IRA-SEP accounts.
  • A new Customer- Plan level maintenance screen allows the user to have the option to maintain the employment history details and also allows the user the view/ add the mapped accounts for that customer – plan combination.

Parent topic: Release Enhancements