1. Small and Medium Business Onboarding User Guide
  2. SMB Onboarding
  3. Onboarding Initiation
  4. Onboarding Initiation - Stakeholder Details

1.2.2 Onboarding Initiation - Stakeholder Details

This topic provides the details about the stakeholder such as owners, authorized signatories, guarantors, and suppliers of the business in the Stakeholder Details screen.

Stakeholders' detail is necessary for the bank to ascertain the credibility of the business. Stakeholders to a customer can be either of the following:
  • An existing customer of the bank
  • An existing party that is not a customer but is a stakeholder to another customer of the bank
  • A new party, which is neither a customer nor an existing party (stakeholder)

Note:

The fields, which are marked with an asterisk, are mandatory.
  1. Click Next in theOnboarding Initiation - Basic Details screen.
    The Onboarding Initiation - Stakeholder Details screen displays.

    Figure 1-13 Initiation – Stakeholder Details


    Description of Figure 1-13 follows
    Description of "Figure 1-13 Initiation – Stakeholder Details"

  2. Click the Add icon icon on the top of the Stakeholder Details screen, select the corresponding stakeholder button.
    The Add New Owners screen is displayed.

    Figure 1-14 Add New Owners


    Description of Figure 1-14 follows
    Description of "Figure 1-14 Add New Owners"

  3. If the stakeholder has an existing relationship with the bank, perform one of the following actions on the Add New Owners screen:
    • Specify the existing CIF if the stakeholder is an existing customer.
    • Specify the existing Party Id, if the stakeholder is an existing party but not a customer.
    • Select from the list of the recently added stakeholders to the same application.

    Note:

    If the CIF/Party Id is not known, click the search icon to launch the Search Party screen. Select CIF/Party Id from the list of values based on the search criteria.

    Figure 1-15 Search Party - Individual


    Description of Figure 1-15 follows
    Description of "Figure 1-15 Search Party - Individual"

    Figure 1-16 Search - Non Individual


    Description of Figure 1-16 follows
    Description of "Figure 1-16 Search - Non Individual"

  4. If the stakeholder is new to the bank, perform the following steps:
    1. Click Next without entering CIF/Party Id.

      Note:

      Based on the selected relationship type, a respected screen is displayed to create a new party. Relationship as a Household is elaborated below.
      The Add New Owners screen is displayed to capture details for the new relationship.

      Figure 1-17 Add New Owner


      Description of Figure 1-17 follows
      Description of "Figure 1-17 Add New Owner"

    2. On the Add New Owners segment, specify the fields. For more information on fields, refer to the field description table. New Household as an Individual Party (Non-Customer) is elaborated below.

      Table 1-12 Add New Owners – Field Description

      Field Description

      Stakeholder Type

      Select the stakeholder type from the drop-down values.

      Basic Info & Citizenship

      Specify the fields under this segment.

      Title

      Select the title from the drop-down values.

      First Name

      Specify the first name of the new stakeholder.

      Middle Name

      Specify the middle name of the new stakeholder.

      Last Name

      Specify the last name of the new stakeholder.

      Short Name

      Displays the short name of the stakeholder.

      Maiden Name

      Specify the maiden name of the new stakeholder.

      Name in the Local

      Specify the name in local language of the new stakeholder.

      Date of Birth

      Select the date of birth of the new stakeholder.

      Gender

      Select the gender from the drop-down values.

      Marital Status

      Select the marital status from the drop-down values.

      Customer Category

      Click the search icon and select the customer category from the list of values.

      Customer Segment

      Select the customer segment from the drop-down values.

      Customer Access Group

      Click search icon and select the customer access group for the party.

      Note:

      User should have required access to onboarding a party within a customer access group.

      For more details, refer Oracle Banking Party Configuration User Guide.

      Profession

      Select thr profession from the drop-downs values.

      Relationship Manager ID

      Select the relationship manager ID.

      Upload Photo

      Upload the photo of the new stakeholder.

      Birth Country

      Click the search icon and select the birth country from the list of values.

      Nationality

      Click the search icon and select the nationality of the stakeholder from the list of values.

      Citizenship By

      Select the ‘Citizenship By’ from the drop-down values.

      Residential Status

      Select the residential status from the drop-down values.

      Country of Residence

      Click the search icon and select the country from the list of values.

      Preferred Language

      Select the preferred language from the drop-down values.

      Preferred Currency

      Click the search icon and select a preferred currency from the list of values.
    3. Click and expand the ID Details section and click add icon to add ID details.

      Figure 1-18 ID Details


      Description of Figure 1-18 follows
      Description of "Figure 1-18 ID Details"

      For more information on fields, refer to the field description table.

      Table 1-13 ID Details - Field Description

      Field Description

      ID Type

      Select type of identification from the drop-down list.

      ID Status

      Select Status of Identification from drop down list.
      Unique ID Specify unique ID number as per the ID type.
      Place of issue Specify place of issue of ID.
      Valid From Specify valid from date of ID.
      Valid Till Specify validity end date of ID.
      Remarks Specify remarks for ID.
      Preferred Select, if ID type is preferred.
    4. Click Next.
      The Add New Owners screen is displayed to capture the KYC details for the new relationship.

      Figure 1-19 Add New Owner


      Description of Figure 1-19 follows
      Description of "Figure 1-19 Add New Owner "

    5. On the Add New Owners screen, update the KYC Details.

      Note:

      This step is optional.
  5. Click Next.
    The Add New Owners screen is displayed to add relationship-specific attributes.

    Figure 1-20 Add New Stakeholder – Capture relationship specific attribute


    Description of Figure 1-20 follows
    Description of "Figure 1-20 Add New Stakeholder – Capture relationship specific attribute"

  6. On the Add New Owners screen, specify the fields. For more information on fields, refer to the field description table.

    Table 1-14 Relationship Specific Details - Field Description

    Field Description

    Ownership Percentage

    Specify the percentage of the ownership for the new owner.

    Associated Since

    Click the calendar icon and select the date from when the customer is associated with the bank.
  7. Click Submit.
    The stakeholder is linked to the customer being onboarded, and the newly added stakeholder is displayed on the Stakeholder Details screen.

    Figure 1-21 New Stakeholder Added


    Description of Figure 1-21 follows
    Description of "Figure 1-21 New Stakeholder Added"

    If the stakeholder is an existing customer or an existing Party, then the linkage is based on the CIF/Party Id.

    In case a new stakeholder is being added, the system will generate a Party Id for the newly added stakeholder. This Party Id is used to establish a link between the new customer and stakeholder.

  8. Click Next to move to the Financial Information screen. For information on the Financial Information screen, refer to Onboarding Initiation - Financial Information.

Parent topic: Onboarding Initiation