CBS 221 Jobcard LAPS Interface Module

7/29/2019 CBS 221 Jobcard LAPS Interface Module

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Andhra Bank(A Govt. of India Undertaking)

Dept. of Information Technology, D Block, III Floor,"Cyber Gateway", Hitec City, Madhapur,

HYDERABAD - 500 081___________________________________________________________________CBS Doc. No.221 Dated: 08.12.2010

JOB CARD FOR LAPS INTERFACE MODULE

We have implemented Lending Automation Processing System (LAPS) inour Bank as a surround application to the Core Banking Solution. LAPS isan end to end solution for loan proposal processing, right from Applicationentry to Sanction Letter generation, and it is first of its kind in our Bank.LAPS has three modules Retail, Agricultural and Corporate.

An Interface Module with Finacle CBS system is developed and deployedrecently. With the introduction of Interface module, the utility of theLAPS solution is extended for automatic creation of a Customer master

and Loan account in Finacle. The features of the LAPS Interface moduleare as under.

1. Downloading the existing Customer Details from Finacle to LAPS.

2. Automatic Opening of Customer Master in Finacle through LAPS (fornew customers).

3. Automatic Opening of Loan Account in Finacle through LAPS.

4. Customer-ID and Loan Accounts are opened in Finacle withmandatory fields under verified status.

There will be two contexts for using the interface module.

Case I: Creating a new loan proposal in LAPS for a Customer, whoisnot having customer ID in Finacle.

Case II: Creating a new loan proposal in LAPS for a customer who isalready having Customer ID in Finacle.

The Procedure to be adopted for the above two cases is explained furtherin the ongoing paragraphs.

Case I: CREATING A NEW LOAN PROPOSAL IN LAPS FOR ACUSTOMER WHO IS NOT HAVING A CUSTOMER ID IN FINACLE:

Create Customer ID and Loan proposal in LAPS. Once the loan proposal issanctioned, do the following steps for opening a loan account in Finacle.

Creation of Customer ID & Loan Account in Finacle through LAPS:

1. Once the loan is sanctioned, User has to click the tab CBS

Details available in Workflow>Action. Then a screen will bedisplayed wherein user has to select the relevant values in


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Customer Hand off information, Common Information andAccount Hand off required for opening a Customer Master as well

as Loan account in Finacle.

2. After saving the filled in information, click Customer Handoff withwhich system uploads the data into Finacle, duly giving a suitablemessage. Wait for two minutes for the system to create CustID inFinacle and click Customer ID enquiry to know the customer ID

created in Finacle. Note the customer ID.

3. Then click Accounts Hand off with which system uploads the data toFinacle for opening of loan account duly displaying the alreadycreated Finacle customer ID with which it is opening a loan account.Wait for two minutes for the system to open Loan account and click

Account No. Enquiry to know the Loan account number opened inFinacle. Note the account number.

Both the Customer-ID and Loan Account opened will be in verified statusin Finacle.

CASE II: CREATING A NEW LOAN PROPOSAL IN LAPS FOR ACUSTOMER WHO IS ALREADY HAVING A CUSTOMER ID INFINACLE:

A) Creation of Customer Profile in LAPS:

Once the user clicks the customer Profile Tab in LAPS a screen with threeoptions viz., Full Name, Customer ID and CBS ID will be displayed. Userhas to click the CBS ID button, give Finacle customer ID in the spaceprovided and click the tab CBS Customer for downloading the dataavailable in Finacle.System picks up Finacle customer ID with the data available in Finacle andcreates a Customer ID in LAPS where in user has to fill up the gaps byediting the downloaded data and ensure the status as completed. With

this, a link between Finacle customer ID and LAPS Customer ID will beestablished in LAPS.

B) Creation of Loan Account in Finacle through LAPS:

1. Once the loan is sanctioned, User has to click the tab CBS Detailsavailable in WorkflowAction. Then a screen will be displayedwherein user has to select the relevant values in CommonInformation and Account Hand off for opening a Loan account inFinacle. Since the loan proposal is being done with the existingfinacle customer ID, Customer Hand off information will bedisabled.

2. Then click Account Hand off with which system uploads the data

to finacle for opening of loan account duly displaying the finaclecustomer ID. Wait for two minutes for the system to open the loanaccount and click Account No. Enquiry to know the Loan accountnumber opened in Finacle. The Loan Account opened will be inverified status in Finacle.


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LIMITATIONS OF THE LAPS INTERFACE MODULE:

1. LAPS Interface module is currently enabled for Retail loans only.

2. Customer-ID in Finacle will be created for the Principal Borroweronly. User has to separately create Customer IDs for Co-applicant/Co-Obligant/Guarantor in Finacle, if not available and link

those IDs to loan account.

3. Module supports opening of loan accounts with Equated MonthlyInstallments (EMI) only. For Loans other than EMI, user has to openloan accounts in Finacle only.

4. Creation and linking of security details is to be done in Finacle, as isbeing done currently.

5. Branches have to check the Customer details and loan accountdetails thoroughly as mandatory fields are only uploaded throughinterface module. Any other relevant data has to be fed in Finacle

by the branches.

// End of the document//

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CBS 221 Jobcard LAPS Interface Module