Create KYC process allows user to create a KYC record for the party.

1. On the Homepage, under Party Services, click KYC Management.
2. Under KYC Management, click Create.
   The Create screen is displayed.

   Figure 3-1 KYC Management - Create

   
   

   
   Description of "Figure 3-1 KYC Management - Create"

   
   
3. Specify the CIF or search for a CIF. For advance search, clickAdvance Search button. The following values are available for the advance CIF search:
   • Party ID
   • First Name
   • Middle Name
   • Last Name
   • Data of Birth
   • Unique ID
   • Mobile Number
   • Email
4. Click Submit.
   The Standalone KYC Onboarding screen is displayed.

   Figure 3-2 Standalone KYC Onboarding

   
   

   
   Description of "Figure 3-2 Standalone KYC Onboarding"

   
   

Basic Details

5. Under the Party Information, click and expand Basic Details segment.
6. Under the Basic Details segment, click Edit button on each widget to update the details. For more information on the Basic Info and Citizenship, Current Address, ID Details, and Contact Details widgets, refer to the Onboarding Initiation - Basic Details section.

   Note:

   Creation of a KYC record for a minor customer is not allowed.

Additional Information

7. Under the Party Information, click and expand Additional Information segment.
8. Under the Additional Information segment, click Edit on the Politically Exposed Person widget.
   The Additional Information pop-up screen is displayed.
9. On the Additional Information pop-up screen, specify the details. For more information on fields, refer to the Insta Retail Onboarding - Additional Info section.
10. Click Next button on the Standalone KYC Onboarding screen.
    Oracle Banking Enterprise Party Management supports 13 different KYC checks as below:

    • Address Check
    • Identity Check
    • Police DB Check
    • Credit Score Check
    • Education Qualification
    • Field Verification
    • Reference Check
    • Suit Filed
    • PEP Identification
    • AML Check
    • FATCA Check
    • SDN Check
    • Sanction Check

    Note:

    The KYC checks are listed during KYC stage, based on KYC maintenance. Refer to the Party Onboarding Configuration User Guide for the KYC maintenance details. PEP Identification check is displayed, if a customer is determined as Politically Exposed Person (PEP) in the Additional Info segment.
    The KYC Information screen is displayed.
11. Click Verify button on each KYC check to verify the details. For more information on the fields, refer to the KYC Check section.

    Note:

    If any of the KYC Check is configured as automated in KYC maintenance, respective, KYC details will be auto populated based on the information provided.
12. Click Submit after completing all the KYC checks.