Account opening, KYC and lending origination

Elements

The pieces this function usually contains in a large organisation:

• Applicant ID verification
• Credit application and decision
• Loan schedules

Catalog items that already cover part of it

• Loan record BK-0049
• Loan repayment schedule BK-0050

What is not described

origination and KYC.

Classification

Status

Present partially

Fit

Specialist: integrate or leave out (a specialist system usually owns this)

Suggested module

New module (suggested): Branch and insurance counters

Suggested attributes

Pro; priority Optional; always offline. Starting points only.

Cluster

B2B, contracts, procurement and public sector

Public excerpts

domain analysis

Archetypes and companies

Banks and credit unions; Insurers; Telecom, cable and device retail.

Example companies in these archetypes: JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, U.S. Bancorp, State Farm, Allstate, Progressive, MetLife, Prudential, AT&T, Verizon. These come from general knowledge unless a source code is shown on the archetype page; it is not a statement that each company runs every element, and it implies no relationship.

Closest industry pages

• Banking, credit unions and cooperative banks
• Payments, remittance and money services
• Securities, asset management and diversified financials
• Savings groups, cooperatives and microfinance
• Insurance (life, property, casualty and agencies)
• Health insurance and managed care
• Telecommunications and mobile retail

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Status is a hand review against catalog names and descriptions and can be wrong. See the method.