Collect essential information about applicants when they apply for vehicle loans and
leases. The financial team can validate the Know Your Customer (KYC) information provided by the
applicants for risk assessment and identity verification. The underwriters can view the KYC
information for applicants when they review the application in the Vehicle and Asset Lending
Console app. A financial institution can use data from Identity and Verification service providers
or Screening service providers to verify the details submitted during the application intake
process.
Required Editions
| Available in: Enterprise, Unlimited, and Developer
Editions. |
Review the information stored in the following records.
| Object |
Details |
| Party Profile |
Information provided by the applicant on the Personal Details step of the intake guided
flow is stored in this object. Details include nationality, taxpayer identification number,
gender, date of birth, credit score, and more. |
| Party Profile Address |
Information provided by the applicant on the Address Details step of the intake guided
flow is stored in this object. Details include current address, primary address, permanent
address, along with their validity dates. |
| Party Screening Step |
If you screen the applicant for adverse media, watchlists, or political exposure, each
screening step is recorded in this object. |
| Party Screening Summary |
All screening steps are summarized in this object along with the decision. Other
details include the request completion date, screening result |
| Party Identity Verification Step |
If you verify the identity of the applicant by verifying their address,
employment status, and income, each verification step is recorded in this
object. |
| Party Identity Verification |
All identity verification steps are summarized in this object along with the
decision. Other details include the report URL and status. |
| Party Profile Risk |
After the party profile has been verified and screened, a final risk assessment is
stored in this object. Underwriters and reviewers can also add a risk override
reason. |
| Identity Document |
All identity documents that applicants submit during the intake process such as driving
license, bank statements, employment verification letters, and national ID cards are stored
in this object. Other details include by whom and when the document was verified, expiration
date, and the issuing authority. |
