1. Financial Institution Onboarding User Guide
  2. Financial Institution Customer Onboarding
  3. Recommendation

1.6 Recommendation

In this stage, the Recommending user reviews the progress done so far and provides recommendations for each of the data segments with a decision as approve/reject.

The approver also has an option to validate of the captured details are as per Bank’s policy or not and if there are any steps required to mitigate the risk.

Note:

For Recommendation stage, more than one user can be configured to Recommend the Party Onboarding Application. For more details, refer Oracle Banking Party Configuration User Guide.

Note:

The fields marked as Required are mandatory.
  1. Click Acquire and Edit in the Free Tasks screen of the previous stage Review stage.
    The Recommendation screen displays.

    Figure 1-38 Recommendation


    Description of Figure 1-38 follows
    Description of "Figure 1-38 Recommendation"

  2. Right click on the Customer icon in tree view and select the View Option or Party ID to view the details captured.
  3. Click Next, once the details are reviewed.
    The Recommendation - Recommendation Comments screen displays.

    Figure 1-39 Recommendation - Recommendation Comments


    Description of Figure 1-39 follows
    Description of "Figure 1-39 Recommendation - Recommendation Comments"

  4. Click and Expand Review Summary view comments from Reviewer in Review Stage.
  5. Click and Expand Recommendation Decision
    The RecommendationDecision screen displays.

    Figure 1-40 Recommendation Decision


    Description of Figure 1-40 follows
    Description of "Figure 1-40 Recommendation Decision"

  6. Specify the fields for Recommendation Decision screen.
  7. Click Action to Input Recommendation details for each of the Party Information Data Segment.
    The OnboardingApproval screen displays.

    Figure 1-41 Onboarding Approval


    Description of Figure 1-41 follows
    Description of "Figure 1-41 Onboarding Approval"

  8. Specify the fields for Onboarding Approval.
    For more information on fields, refer to the field description table.

    Table 1-18 Onboarding Approval - Field Description

    Field Description
    Compliant with Bank Policy Select the toggle button if customer is compliant with the Bank Policy.
    Recommended Select the toggle button if customer is Recommended by reviewing user.
    Decision Specify decision with respect to KYC type.
    Details (Non-Compliance to Bank Policy) Specify the details of Non-Compliance to Bank Policy.

    Note:

    This field is available only Compliant with Bank Policy toggle is disabled.
    Details of Risk Mitigation Specify the comments of Details of Risk Mitigation.

    Note:

    This field is available only Compliant with Bank Policy toggle is disabled.
  9. Click Next to Comments data segments.
    The Recommendation – Comments screen displays.

    Figure 1-42 Recommendation Comments


    Description of Figure 1-42 follows
    Description of "Figure 1-42 Recommendation Comments"

  10. Specify the comments for the Recommendation stage and Click Post.
  11. Click Submit to move to the Approval Stage.