2.2 Features for US Region

This topic lists all the features that are developed for US Region.

Below features are developed for US region:
  1. Insta Checking and Savings Process for US region
    • Streamlined Insta Checking and Savings origination with predefined standardized stages, such as Application Entry, Debit Assessment, Manual Assessment, Handoff Retry, and Account Funding.
    • Data segments, validations, documents, and checklist steps are aligned with US region.
    • Funding stage supports Finicity, external, and internal account funding methods.
  2. Alignment of Advanced Search with Oracle Banking Party
    • Advanced Search now follows Oracle Banking Party logic for the US region.
    • Supports search by Unique ID or TIN.
    • National ID is no longer supported in advanced search.
  3. Workflow Simplification - Reduced Stages

    Removed the approval step from specific US region process flows, including Checking, Savings, Certificate of Deposit, and Individual Retirement Accounts.

  4. Origination of Money Market Savings Account
    • Money Market Savings Account origination now supported for existing customers using Oracle Banking Accounts as the product processor.
    • Supports single-credit funding and Money Market Savings Account disclosures.
  5. Zero Balance Certificate of Deposits

    Certificate of Deposit can be opened with a zero balance using the “Fund Later” option, and all required application documents and welcome letters are generated automatically.

  6. Removal of Place in all Advices as part of Signature Panel for US region

    ‘Place’ field is removed from signature blocks in the US region, DocuSign integration updated. No changes for other regions.

  7. Business Product Configuration of IRA products

    Enhanced configuration for IRA Savings and IRA Certificates of Deposit to comply with US requirements.

  8. Origination of IRA Accounts (Savings and Certificate of Deposits)

    Supports origination for Traditional, Roth, and Simplified Employee Pension IRAs (using Oracle Banking Account as the product processor), including Simplified Employee Pension plan employer validation and disclosure generation.

  9. Origination of IRA Money Market Savings Account

    The origination of IRA plan types - including Traditional, Roth, and Simplified Employee Pension has been introduced using Oracle Banking Accounts as the product processor. This functionality includes eligibility checks, single-funding validation, and disclosure generation.

  10. View Application Document for IRA accounts

    Enhanced application document to view for IRA Savings and IRA CDs in the US region.

  11. Currency and Amount Format Standardization

    All amount fields are formatted according to the user’s locale, with the currency code always displayed as a prefix. Field alignment is managed by a shared UI component.

  12. Date Format Standardization and Regionalization

    All dates and times are now formatted according to locale. In the US, they appear as “Month DD, YYYY,” and this format is consistently applied across the Oracle Banking Origination UI.

  13. Flexible ZIP Code Entry for US Addresses

    US ZIP Codes support the extended and alphanumeric formats; however, special characters (“-”, “&”) remain disallowed.

  14. Enhanced Validation Rules by TIN Type and Multiple TIN Types support in System

    System supports and strictly validates multiple TIN types (SSN, ITIN, ATIN, EIN).

  15. Conditional Country of Residence Field

    Country of Residence field is now optional for users in the US region.

Parent topic: Release Enhancements