1. Release Notes
  2. Release Notes
  3. Release Enhancements
  4. Enhancements in Party Services

1.2.2 Enhancements in Party Services

The following are the enhancements as a part of Party in this release:

Table 1-2 Enhancements in Party Services

Summary Description
Mandatory and Minimum Address Configuration New address configuration to define:
  • Mandatory addresses required during party onboarding and amendment process.
  • Minimum address history required for an address type.

Note:

Mandatory address can be defined for all different party type. Minimum address history is supported only for Retail and SMB party types.
Current Address and Previous Address Address data segment is divided into 2 separate data segments for Current Address and Previous Address.
Contact Details A new data segment is introduced in Retail and SMB party workflows to capture contact details separately. Following contact types can be captured in contact details data segment.
  • Mobile
  • Phone
  • Email
  • Fax
  • Swift
Mandatory to Optional Fields Following fields are updated as optional in product for Retail party. However, the same are configured for US and RoW using regional configurator.
  • Gender
  • Birth Country
  • Nationality
  • Customer Category
  • Risk Level
  • ID Details – Place of Issue
  • ID Details – Valid Till
  • ID Details – Valid From
Adoption of Regional Framework Party Management adopted Plato provided regional configuration to configure as per regional requirement.
  • Mandatory/Optional Fields
  • Visible/Hidden Fields
  • Default field values
  • Field formats
  • Field labels
SMB Entity Type and Line of Business Introduction of new fields to capture Entity Type and Line of Business for SMB Party type.
Party Type in Entity Maintenance Party type is introduced in Entity Maintenance to define different values with respect to party type.

Parent topic: Release Enhancements