FINS BIAN Party Lifecycle Management Process API
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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
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 BANK INTERNAL INSTRUCTION TO BLOCK CORPORATE CURRENT ACCOUNT
EXT HANDLE REQUEST TO ADD ACCOUNT TO SWEEP AGREEMENT
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 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
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
Customers can use this integration template to accelerate implementation.