FINS BIAN Party Lifecycle Management Process API

Examples of Use

A prospective customer has been identified and the bank undertakes a collection of checks to confirm this is a new relationship and to verify the relationship in compliance with bank, legal and regulatory requirements. Note that for different customer types (non consumer in particular) many different checks will be required.

Role Definition

This service domain tracks the state of a party relationship with the bank from the initial checks made when establishing a new business relationship with a customer or partner and then that are performed as necessary over the duration of the relationship. The checks and the maintenance requirements will vary by party type (e.g. individual, company, partner) and jurisdiction. The checks cover bank specific and legal and regulatory considerations and may be updated based on a standard schedule or by request in specific circumstances.

Related Business Scenarios

HANDLE BULK REQUEST FOR OPENING SALARY ACCOUNTS

PROCESS INVOCATION OF CASH MANAGEMENT SERVICE

EXT HANDLE REQUEST TO ESTABLISH CREDIT TRANSFER STANDING ORDER ON CORPORATE CURRENT ACCOUNT

VERIFY PRIVATE BANKING CUSTOMER

HANDLE REQUEST TO REACTIVATE DORMANT CORPORATE CURRENT ACCOUNT

HANDLE REQUEST TO TERMINATE SWEEP AGREEMENT

HANDLE REQUEST FOR CORPORATE DEBIT CARDS SERVICE

EXT HANDLE REQUEST FOR PREFERENTIAL RATES FOR CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST FOR EARLY RENEWAL OF TERM DEPOSIT

EXT HANDLE REQUEST FOR HIGH VOLUME VIRTUAL ACCOUNT OPENING

HANDLE REQUEST FOR NOTIONAL POOLING AGREEMENT

HANDLE REQUEST TO OPEN TERM DEPOSIT AGREEMENT

EXT HANDLE REQUEST TO ADD SIGNATORY TO CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST FOR RENEWAL OF UNCOLLATERALISED CONSUMER LOAN

EXT HANDLE REQUEST TO OPEN VIRTUAL ACCOUNT

HANDLE REQUEST FOR EARLY PAYBACK OF CONSUMER MORTGAGE LOAN DUE TO SALE OF PROPERTY

HANDLE MORTGAGE LOAN APPLICATION

HANDLE REQUEST FOR POWER OF ATTORNEY

EXT PROCESS B2B DIRECT DEBIT MANDATE NOTICE FROM CREDITOR BANK AT DEBTOR BANK

HANDLE REQUEST TO USE DIRECT DEBITS AS PAYMENT INSTRUMENT

EXT HANDLE REQUEST TO CHANGE CORPORATE CURRENT ACCOUNT OWNERSHIP

HANDLE REQUEST TO CHANGE SWEEP SEQUENCE

EXT HANDLE REQUEST TO CHANGE TERM DEPOSIT ATTACHED CORPORATE CURRENT ACCOUNT

HANDLE REQUEST TO OPEN SAVINGS ACCOUNT

EXT HANDLE REQUEST TO CLOSE VIRTUAL ACCOUNT

EXT HANDLE REQUEST FOR HIGH VOLUME ACCOUNT OPENING

EXT HANDLE REQUEST FOR COMBINED ACCOUNT STATEMENT

PERFORM OTHER REGULATORY ASSESSMENTS

EXT HANDLE MERCHANDISING LOAN APPLICATION

HANDLE REQUEST FOR ISSUANCE OF COMMERCIAL PAPER

HANDLE REQUEST TO CLOSE CORPORATE CURRENT ACCOUNT

HANDLE REQUEST FOR CASH WITHDRAWAL FROM SAVINGS ACCOUNT

EXT HANDLE REQUEST TO OPEN CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST TO REACTIVATE DORMANT CORPORATE CURRENT ACCOUNT

HANDLE REQUEST FOR COMBINED ACCOUNT STATEMENT

HANDLE REQUEST FOR CORPORATE LOAN

PERFORM CUSTOMER DUE DILIGENCE ASSESSMENT

EXT HANDLE BULK REQUEST FOR OPENING SALARY ACCOUNTS

EXT HANDLE REQUEST TO CHANGE TERM DEPOSIT AGREEMENT CONDITIONS

PERFORM CUSTOMER PRODUCT MATCHING AND SELECTION

EXT HANDLE REQUEST TO CHANGE VIRTUAL ACCOUNT OWNERSHIP

HANDLE REQUEST TO ADD ACCOUNT TO SWEEP AGREEMENT

PROCESS B2B DIRECT DEBIT MANDATE NOTICE FROM CREDITOR BANK AT DEBTOR BANK

HANDLE REQUEST TO CHANGE TERM DEPOSIT AGREEMENT CONDITIONS

EXECUTE EXTERNAL CAMPAIGN

HANDLE REQUEST FOR WINDFALL INVESTMENT

EXT HANDLE REQUEST TO MOVE OVERDRAFT LIMIT BETWEEN VIRTUAL ACCOUNTS

HANDLE REQUEST TO ESTABLISH CORPORATE PAYROLL SERVICE AGREEMENT

EXT HANDLE REQUEST TO USE DIRECT DEBITS AS PAYMENT INSTRUMENT

PROCESS PROSPECT MANAGEMENT

PROCESS BANK INTERNAL INSTRUCTION TO BLOCK CORPORATE CURRENT ACCOUNT

EXT HANDLE REQUEST TO ADD ACCOUNT TO SWEEP AGREEMENT

VERIFY CORPORATE CUSTOMER

EXT HANDLE INSTRUCTION TO TERMINATE B2B DIRECT DEBITS SERVICE AT CREDITOR BANK

HANDLE REQUEST TO ADD RELATED PARTY TO CORPORATE CURRENT ACCOUNT

PROCESS INTERNAL CUSTOMER UPGRADE

HANDLE REQUEST FOR EARLY PAYBACK OF CONSUMER MORTGAGE LOAN DUE TO SALE OF PROPERTY FOR BANK AS SERVICER

HANDLE REQUEST FOR PRODUCT SELECTION

PERFORM REGULATORY KYC ANALYSIS

EXT HANDLE REQUEST FOR OVERDRAFT LIMIT ON VIRTUAL ACCOUNT

HANDLE REQUEST FOR EARLY CLOSING OF TERM DEPOSIT

EXT HANDLE REQUEST FOR MODIFICATION OF MERCHANDISING LOAN

EXECUTE CUSTOMER ONBOARDING API VERSION

HANDLE REQUEST TO ESTABLISH TERM DEPOSIT AGREEMENT

CONDUCT CORPORATE LOAN COLLATERAL DUE DILIGENCE

EXT HANDLE REQUEST TO OPEN TERM DEPOSIT AGREEMENT FOR RETAIL CUSTOMER

CONDUCT RELATIONSHIP DEVELOPMENT PLANNING

EXT HANDLE REQUEST TO OPEN RETAIL CURRENT ACCOUNT

HANDLE REQUEST FOR UNCOLLATERALISED CONSUMER LOAN

HANDLE REQUEST FOR EARLY RENEWAL OF TERM DEPOSIT

HANDLE REQUEST TO ESTABLISH CREDIT TRANSFER STANDING ORDER ON CORPORATE CURRENT ACCOUNT

HANDLE REQUEST FOR CREDIT FACILITY

HANDLE REQUEST TO ESTABLISH CREDIT TRANSFER STANDING ORDER ON RETAIL CURRENT ACCOUNT

VERIFY RETAIL CUSTOMER

EXT HANDLE REQUEST FOR CORPORATE DEBIT CARDS SERVICE

HANDLE REQUEST TO OPEN RETAIL CURRENT ACCOUNT

HANDLE REQUEST TO OPEN CORPORATE CURRENT ACCOUNT

VERIFY COMPLETION OF CUSTOMER UPDATES

EXT HANDLE REQUEST FOR EARLY CLOSING OF TERM DEPOSIT

HANDLE INSTRUCTION TO TERMINATE B2B DIRECT DEBITS SERVICE AT CREDITOR BANK

HANDLE REQUEST FOR INVESTMENT PLAN

HANDLE REQUEST FOR CORPORATE SWEEP AGREEMENT

HANDLE REQUEST FOR PREFERENTIAL RATES FOR CORPORATE CURRENT ACCOUNT

HANDLE REQUEST FOR CORPORATE SWEEP AGREEMENT CONSIDERING INTER-COMPANY LOAN AGREEMENTS

EXT HANDLE REQUEST TO TERMINATE SWEEP AGREEMENT

EXT HANDLE REQUEST TO ESTABLISH TERM DEPOSIT AGREEMENT

HANDLE REQUEST FOR CONSUMER LOAN CHECKS AND OPTIONS

EXT HANDLE REQUEST TO CHANGE SWEEP SEQUENCE

Core Business Object

PARTY RELATIONSHIP LIFECYCLE PHASE

Key Features

• Perform party qualification/confirmation checks
• Maintain a schedule and perform periodic re-assessments

• Provide status reports and process status update notifications

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Customers can use this integration template to accelerate implementation.