2.1.3 Insta SMB Onboarding – Relationships
The details about the relationships of the customer to be onboarded are added in the Relationship segment. Adding relationship details is beneficial to both the customer and the bank during critical events.
The following Data Segments can be captured in Relationship Segment.
Table 2-4 Data Segment - Relationships
| Sl.No | Data Segment Name | Mandatory / Optional / Conditional | Description |
|---|---|---|---|
| 1 | Owners | Optional | Data segment to capture owner relationships of the party. |
| 2 | Authorized Signatory | Optional | Data segment to capture authorized signatory relationships of the party. |
| 3 | Guarantors | Optional | Data segment to capture guarantor relationships of the party. |
| 4 | Suppliers | Optional | Data segment to capture supplier relationships of the party. |
| 5 | Trustee | Optional | Data Segment to capture related Trustee |
| 6 | Beneficiary | Optional | Data Segment to capture related Beneficiary |
| 7 | Related Party | Optional | Data Segment to capture other relationships |
- Relationships - Owner
Owner relationship segment allows user to capture owners of the small and medium business. - Relationships - Authorized Signatory
Authorized Signatory Relationship segment allows user to capture authorized signatories of the small and medium business. - Relationships - Guarantors
Guarantors Relationship segment allows user to capture guarantors of the small and medium business. - Relationships - Suppliers
Suppliers Relationship segment allows user to capture suppliers of the small and medium business. - Relationships - Trustee
Trustee relationship segment allows user to capture trustee of the small and medium business. - Relationships - Beneficiary
Beneficiary relationship segment allows user to capture beneficiary of the small and medium business. - Relationships - Related Party
Related party relationship segment allows user to capture related parties of the small and medium business.
Parent topic: Insta SMB Onboarding