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Beneficiary Name Not Available In Transactions (Doc ID 2870893.1)

Last updated on MAY 24, 2022

Applies to:

Oracle Financial Services Crime and Compliance Management Transaction Monitoring Cloud Service - Version 10.0.0.0.0 to 10.0.0.0.0 [Release 10.0.0.0.0]
Information in this document applies to any platform.

Goal

 

Beneficiary Name Not Available on ETF Transactions 

For Example a ABC bank Customer Ariel a/c no. 1000565 has done a domestic EFT to his friend Raymond who holds an account in XYZ Bank of Philippines a/c no. 977005, but when the transaction is recorded in core banking it is not recording the Beneficiary Raymond name.

As per our understanding this "Party Name" is mandatory, Confirm whether the field of Party Name can be updated as sane as Party ID. Any implications of the change.
 

Solution

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In this Document
Goal
Solution
References


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